Weak China data leads small global selloff


A weak PMI report out of China looks to have set off a bit of a worldwide selloff, and Dow and S&P 500 futures are off 0.4%. Nasdaq 100 futures are down just 0.1%, boosted by big gains in Netflix and eBay post-earnings.

Europe's off about 0.3% and Hong Kong led declines in Asia overnight, -1.5%.

Money is flowing into fixed income - the 10-year Treasury yield off 3 basis points to 2.84% - and precious metals, gold +0.8%.

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Comments (5)
  • Mark Krieger
    , contributor
    Comments (6134) | Send Message
     
    My BIDU short position is getting some real love this am!
    23 Jan 2014, 09:01 AM Reply Like
  • convoluted
    , contributor
    Comments (2407) | Send Message
     
    Way to go Mark! I made a ton shorting BIDU last time it dropped from 170's to 99 ish. When I closed out I didn't pay much attention to it-there's so many delectable treats out there it's hard to pick and choose. But, I do have a special fondness for shorting Chinese internet stocks, and am always excited when somebody comes up with the next RENN, QHOO, etc.
    23 Jan 2014, 10:31 AM Reply Like
  • samuel_liu
    , contributor
    Comments (2753) | Send Message
     
    http://bit.ly/1jEsdFA
    Caltrans accused of trying to hide Bay Bridge problems
    Jaxon Van Derbeken

     

    Same in the USA as in Cn
    23 Jan 2014, 10:41 AM Reply Like
  • june1234
    , contributor
    Comments (4262) | Send Message
     
    In China its a way of life, standard business protocol. Can't recall anyone ever reporting like CAT did once they couldn't locate $650M in Chinese revenues for the quarter that never existed. My favorite one was last March mainland exporters out of nowhere reporting a 94% jump in exports to Hong Kong for one month.They just print it there. Either way with IMF upping its global growth projections China reports a weak number`.Markets don't like surprises and markets need the China growth story
    23 Jan 2014, 10:51 AM Reply Like
  • Papaswamp
    , contributor
    Comments (2241) | Send Message
     
    ..lets see what happens after the London Market closes...
    23 Jan 2014, 10:47 AM Reply Like
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