China HSBC Services PMI for June: 51.8 (53.5 prior)

China data

HSBC/Markit Services PMI for June, 51.8 ........... a 5 month low, but still in expansion for the 11th consecutive month

• prior was 53.5

HSBC/Markit Composite PMI for June, 51.5

• prior was 51.2

Annabel Fiddes, economist at Markit:

"In the service sector, business activity, new orders and employment all expanded at slower rates, while optimism towards the business outlook also moderated

The persistently weak performance of manufacturers combined with a slowdown in the service sector is likely to prompt the authorities to introduce further stimulus measures to ensure growth momentum improves in the second half of the year and to reach the GDP growth target of around 7 percent

AUS still copping it .... I've got buyers clustered just under the figure and stops below 0.7590