Posted on 06/29/2010 5:56:46 AM PDT by TigerLikesRooster
June 29, 2010, 7:41 a.m. EDT
U.S. stock futures stumble on China jitters
By Steve Goldstein, MarketWatch
LONDON (MarketWatch) -- U.S. stock futures slumped Tuesday, with worries over Chinese and global economic growth in the spotlight ahead of the release of key indicators later in the week.
S&P 500 futures fell 14.8 points to 1,056.00 and Nasdaq 100 futures fell 28.5 points to 1,807.50. Futures on the Dow Jones Industrial Average declined 123 points.
/snip
Worries on Tuesday were focused on China, which has barely any outstanding debt, as the Conference Board sharply revised lower its April leading economic indicator for the country. The Shanghai Composite lost 4.3%, with the move by the Agricultural Bank of China to cut the price range for the local portion of its estimated $23 billion initial public offering also weighing on Chinese equities.
(Excerpt) Read more at marketwatch.com ...
When the big crash cannot be held off any longer, they could let Israel bomb Iran. Big financial players will make sure Israel and Iran will get most of the blame, while they can play victim.
P!
Yep.
I cannot for the life of me understand how some of these US/UK economists can be so gullible about the PRC’s economic reporting.
First law of doing business with the commies:
“Communists lie.”
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