Chinese data started off this current week positively. In the early hours of last Monday’s session Chinese PMI manufacturing data (essentially a health check of China’s manufacturing sector) showed a steadying pace with the actual figure out at 50.5, compared to a previous 49.5. The data is for the month of November and apart from improving on the previously stated figure one should note that the index climbed back to over 50 territory. This rise marks a swing from contraction (under 50) to growth (over 50).