Asian Economic Data in Focus: China and Japan PMIs Offer Snapshot of Region's Growth Prospects
• China PMIs for February dominate Asian markets, offering first look at troubled economy amid global equity rally • Japanese data Unemployment expected to hold at 2.4% in January; PMIs likely showing contracting manufacturing • China PMIs also expected to show contracting manufacturing; Caixin PMI more upbeat, seen in expansion for 4th month • Chinese stocks saw best month since November after investor confidence measures, but growth plans key at NPC • Australia, India, Taiwan manufacturing PMIs also due; Japan CPI pushed dollar below 150 yen, yen saw strong rally