Stock Market Outlook: PMI Rebound Favorable Stock Market

Recently, a number of economic indicators are developing in a good direction. After the downward trend of industrial enterprises' profits, the purchasing managers' index of China's manufacturing industry in March also returned to the expansion area.

The official Manufacturing Purchasing Managers Index of China in March was 50.2, which was significantly higher than that in February, the Statistics Bureau said today.

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This is the value returned to expansion after 7 consecutive months of contraction.

Zhao Qinghe, a senior statistician of the National Bureau of Statistics Service Industry Survey Center, thinks that

The purchasing managers' index rose to the expansion section, and some positive changes began to emerge.

The change in the purchasing managers' index of non manufacturing industries is a big increase in the past two years, and the pace of expansion of non manufacturing industries is accelerating.

In response, Yang Delong, executive director of Qianhai open source fund management company, said today that the PMI index returned to more than 50 in March. This is a positive sign, indicating that the economy has seen signs of bottom up under the initial monetary easing policy and the active fiscal policy.

He believed that the leaders of the two sessions would be our country.

The target is set to the 6.5%-7% interval.

This is the first time that GDP has been set on this interval. This shows that as long as the economic growth does not show a larger decline this year, the economic pformation can be further promoted, which means that economic growth has been achieved.

Now, with the gradual increase of policy benefits and the acceleration of various capital markets, the market will be further increased after a period of concussion after 3000 points. In the two quarter, the market will gradually recover the lost territory.

Yang Delong said that PMI returned to more than 50 in March, which eased investors' concerns about possible economic stall and helped the stock market rise.

Since the Spring Festival, the A share market has seen a bottoming up. It can be defined as a big rebound at the 1000 point level.