The China comments are tame, he isn’t promising anything. That’s a bit worrisome.
Graph to follow, computer has crashed, so just re-booting and then I will put graph up – Poor data here for the eurozone and expect calls for fiscal stimulus to grow.
The last couple of days has seen some heavy selling in stocks and the question now is , ‘what will keep the fall in stocks going?’. One key factor will be the US factory orders and ISM nion-manufacturing data out later. If these show declines or miss expectations the fall should continue with Friday’s NFP the last major data point of the week and the final catalyst, for better or for worse for stocks.
Watch ahead for:
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