Chinese HSBC PMI rises.

 In contrast to the eurozone, Chinese factories have continued their recovery this month, with flash HSBC PMI rising to 51.7 from 50.4 in February, which was distorted by the week-long New Year holiday. Consensus was for 50.8. "The Chinese economy is still on track" for a "gradual growth recovery," says HSBC's Qu Hongbin. "Inflation remains well behaved, leaving room for Beijing to keep policy relatively accommodative."