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  • China's official PMI for April slips to 50.6 from 50.9 previously and against estimates for 50.7. Markets were likely prepped for the weakish print as HSBC's April "flash" read last week fell to 50.5, missing expectations by a full point. [View news story]
    thanks june!
    May 1 11:10 AM | Likes Like |Link to Comment
  • More on the big Flash PMI miss: It's the largest monthly decline since June 2010, "raising concerns that the U.S. manufacturing expansion is losing momentum rapidly," says Markit. "With backlogs of work  falling at one of the fastest rates since the height of the financial crisis, firms will also look to cut headcounts soon." S&P 500 (SPY) futures back off earlier gains, now +0.35%[View news story]
    and the mkt goes ......................... up.....................
    Apr 23 09:30 AM | 1 Like Like |Link to Comment
1 Like