The Chinese economy issued the PMI manufacturing index during June which rose to 52.1, compared with a previous reading 53.9 in May, while the analysts' expectations referred to.53.2.

Moreover, the PMI manufacturing reading came above 50 indicates a recovery of the industrial sector in China and vice versa, and the current data indicates the Chin's industrial production sector is witnessing slower improvement in June, which give a positive signs to the Chinese growth is on the track to recover, while the government works to calm credit and real estate markets.