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Economy
In reply to the discussion: STOCK MARKET WATCH - Thursday, 22 March 2012 [View all]xchrom
(108,903 posts)25. UH-OH: Global Markets Are Diving After Terrible Numbers From China And Europe
http://www.businessinsider.com/markets-europe-2012-3
Fontana di Trevi
It's getting ugly out there.
China's HSBC Flash Manufacturing PMI number fell to 48.1 from 49.6 a month ago. And a reading below 50 signals contraction in the sector.
This is not good news, especially on the tail of other anecdotal warnings of slowing in China.
Hours later, the Markit eurozone PMI number unexpectedly fell to 48.7 from 49.3 in February. Economists were expecting the number to rise to 49.6.
Markets are selling off across the world.
England's FTSE 100 is down 0.8%.
France's CAC 40 is down 1.4%.
Germany's DAX is down 1.4%.
Spain's IBEX 35 is down 1.4%.
Italy's FTSE MIB is down 1.1%.
U.S. markets are looking at a negative open right now. Dow futures are down 70 points.
Read more: http://www.businessinsider.com/markets-europe-2012-3#ixzz1pqFAMiCn
Fontana di Trevi
It's getting ugly out there.
China's HSBC Flash Manufacturing PMI number fell to 48.1 from 49.6 a month ago. And a reading below 50 signals contraction in the sector.
This is not good news, especially on the tail of other anecdotal warnings of slowing in China.
Hours later, the Markit eurozone PMI number unexpectedly fell to 48.7 from 49.3 in February. Economists were expecting the number to rise to 49.6.
Markets are selling off across the world.
England's FTSE 100 is down 0.8%.
France's CAC 40 is down 1.4%.
Germany's DAX is down 1.4%.
Spain's IBEX 35 is down 1.4%.
Italy's FTSE MIB is down 1.1%.
U.S. markets are looking at a negative open right now. Dow futures are down 70 points.
Read more: http://www.businessinsider.com/markets-europe-2012-3#ixzz1pqFAMiCn
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Thanks for following up on that, Po. It plays into Tansy's "shocked, shocked!" theme, too!
Demeter
Mar 2012
#3
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Demeter
Mar 2012
#7
IS THIS WHY? Fool’s gold behind Beijing loan guarantees Firm accused of ‘wealth management’ schemes
Demeter
Mar 2012
#32
indeed. -- now NC isn't Mich -- but i certainly had the heat cut on in the mornings
xchrom
Mar 2012
#18
"US Senators roll call votes correlate strongly with the opinions of their rich constituents"
bread_and_roses
Mar 2012
#40