Where do they come up with the phrase “on signs of” when reporting financial news? They presume to know the reason for the news instead of just reporting the news. Why would they know the reasons causing a trend? Did they poll the traders?
For once I thought the “futures up/down on” story had a little bit of everything. The “unexpected” US jobless claims and then the eurozone and Chinese issues. But, you’re right. If these writers are part of the current economic expert crowd, why bother? All they know is how to slant headlines and stories to try and save Obama’s already fried bacon.