Chinese stimulus plan – defend and spend
Don’t burst the bubble…
R: CAPITAL DEPLOYMENTBA: CRISIS DEEPENSGXO: UPSIDEJBHT: EARNINGS SEASON KICK-OFFAMZN: EUROPEAN REVERSE LOGISTICS GXO: NEW HIGHSCHRW: CATCHING UPBA: TROUBLE DHL: GREEN GOALVW: NEGATIVE OUTLOOKSTLA: MANAGEMENT SHAKE-UPTSLA: NOT ENOUGHBA: NEW LOW AS TENSION BUILDSGXO: SURGING
R: CAPITAL DEPLOYMENTBA: CRISIS DEEPENSGXO: UPSIDEJBHT: EARNINGS SEASON KICK-OFFAMZN: EUROPEAN REVERSE LOGISTICS GXO: NEW HIGHSCHRW: CATCHING UPBA: TROUBLE DHL: GREEN GOALVW: NEGATIVE OUTLOOKSTLA: MANAGEMENT SHAKE-UPTSLA: NOT ENOUGHBA: NEW LOW AS TENSION BUILDSGXO: SURGING
More bad news, economically speaking. Chinese manufacturing output is contracting at a faster rate this month, with a PMI of 48.3. The news is particularly bad for the eurozone, according to economists, as the index “is a reminder that a strong eurozone export recovery is unlikely”. “Any further recovery later in the year is likely to be very slow and bumpy.” However a Europe PMI showed a rise to 48.9 in May. Meanwhile, in the UK, small and medium-sized firms reported than export orders have fallen to their lowest level since January 2010, while stockpiles of finished products are at their highest levels since October 2011.
Comment on this article