China’s first official economic gauge for March signaled a stabilization in the world’s second-largest economy, easing one of the biggest worries for the global outlook. The manufacturing purchasing managers index rose to 50.5 from 49.2 last month, the biggest increase since 2012 and exceeding all estimates by economists. That’s good news for global investors, as China’s weakening demand had weighed on sectors such as auto producers and commodity exporters worldwide.
-China trade talks resume when Vice Premier Liu He leads a delegation to Washington, days after negotiations in Beijing, and Britain’s Parliament tries again to adopt a Brexit withdrawal deal. The Reserve Bank of Australia has a monetary policy decision and the country also hands down its federal budget. The U.S. March employment report will be the focal point at the end of the week.Treasury yields have sunk as if a U.S. recession is nearly here.
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