Market loves the "big progress" tweet. Meanwhile, copper is in retreat and China's PMI just hit a contractionary three-year low print of 49.4 in Dec as growth weakens to a 28-year low.
— David Rosenberg (@EconguyRosie) December 31, 2018
https://twitter.com/MacroTechnicals/status/1079719892302159873
The last time #China's Manufacturing #PMI fell below 50, the Chinese government provided significant stimulus, which send both the PMI and MSCI World Index sharply higher. pic.twitter.com/sOuk3SP35u
— jeroen blokland (@jsblokland) December 31, 2018
Got a news tip or correction? Let us know
If you got something out of this, please chip in to keep this site running, or subscribe to go ad-free.
0 views