#TradeWar starting to take its toll on manufacturing (seen notably in new orders component of ISM) @SoberLook
China’s capital flight is getting worse
The dollar is jumping against most of the currency
#DXY #Yuan #EURUSD
The Euro is about to break a key support against the USD….
1. ECB keeps loose policy
2. Fed hiking as expected
3. Eurozone slowdown
4. US growth above estimates
#China’s stock mkt cap fell to $6.09tn as of Thur, vs #Japan’s $6.17tn, losing its ranking as the world’s 2nd-largest stock market, shows data from Bloomberg.
Chinese stock mkt surpassed Japan in 2014, and hit $10tn in Jun 2015, before losing half its value later that year.