Posted on 09/23/2015 6:06:59 AM PDT by blam
Akin Oyedele and Sam Ro
Seotember 23, 2015
US stock futures got crushed overnight after some ugly economic data out of China. But they have since recovered those losses and then some.
Dow futures are up by around 30 points, which is around 200 points better than the night's lows. US stocks closed lower on Tuesday, with the Dow dropping 179 points, or 1%.
Since Tuesday's US market close, we got a slew of economic data that painted a mixed picture of the world economy.
* China's manufacturing slump is intensifying. The preliminary Caixin-Markit flash purchasing manufacturer's index (PMI) fell to 47.0 in September, its lowest level since March 2009. Any reading below 50 signals industry contraction. Nearly every subcomponent of the index, including employment, new orders, and output, was decreasing at a faster rate.
* France unexpectedly improves. The country's Markit flash manufacturing PMI unexpectedly signaled expansion, jumping to 50.4 in September from 48.3 in August. The services PMI climbed to 51.2 from 50.6.
* Germany is growing, but at a decelerating pace. The Markit/BME flash manufacturing PMI slipped to 52.5 in September from 53.3 in August, while the services PMI fell to 54.3 from 54.9.
Concerns about global growth have been front and center stage in markets, particularly after the sell-off in August.
(snip)
(Excerpt) Read more at businessinsider.com ...
Warren Pollock-BRICS Hit Brick Wall & WWIII Breaks Out
https://www.youtube.com/watch?v=HmJNp_xgmC4
When America catches a cold, the rest of the world gets pneumonia.
PPT
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.