Overnight Quick reacap:
Japan tool orders drop -29.3%
Turkey is officially in recession
China auto sales slide -15%
Germany industrial production -3.3%
Global Economy Hits Its Weakest Spell Since Financial Crisis
S. Korea exports down -19.1% and and down -23.9% to China
— Tracy Shuchart (𝒞𝒽𝒾 ) (@chigrl) March 11, 2019
this does not look good pic.twitter.com/DldWMGMNbx
— Alastair (@StockBoardAsset) March 11, 2019
https://twitter.com/OccupyWisdom/status/1105412381700751362
🇯🇵👹$JPY: Japanese machine tool orders worst since 2009. "Hard data" may continue to weaken as earlier Fed tightening (& strong USD) shows up in the real economy. Still… recent easing of financial conditions in EM Asia suggests things may improve before summer pic.twitter.com/ur4T9iSjCW
— Martin Enlund ⚡️🦆🚁 (@enlundm) March 11, 2019
All global regions are in negative territory now with regard to @Citi economic data changes @biancoresearch pic.twitter.com/2yG0gv1paX
— Liz Ann Sonders (@LizAnnSonders) March 11, 2019
https://twitter.com/hks55/status/1105261288110858240
Dow Soars Into Green But Bonds Ain't Buying It
– $DXY flat; Not buying it
– $EURUSD – Down; Not buying it
– $USDJPY flat; Not buying it
– And I am not buying it 😎 https://t.co/1kynKwSp9L— Kerberos007 (@kerberos007) March 11, 2019
After a Quarter-Century of Stimulus, Business Conditions in Japan “Worst in Years”
“The Finance Ministry’s quarterly business survey, released Tuesday, showed a reading of minus 7.3 for conditions among Japan’s largest manufacturers, the worst result since the second quarter of 2016.”