Daily Note – China Crisis?

China Stock Market SlideSummary

  • China: Manufacturing Sentiment slows again
  • Greece: Snap election highlights risks to bailout
  • United States: Data continues to strengthen

Good Morning,

Poor market performance on Thursday spilled over to Friday’s Asia session, with Asian currencies weakening, equity markets selling off and sentiment remaining fragile. The China “flash” manufacturing PMI was very weak, falling to 47.1, versus consensus of 48.2. The report pushed equities and currencies lower across the board, despite generally upbeat economic news from the US.’

Concerns about the weakness of the global economy and a ‘Made in China’ recession are growing, plus the risk of renewed deflationary pressures remains high. Commodity prices, particularly oil, remain under pressure. The Shanghai Composite and Nikkei were both down by more than 2% and the Malaysian ringgit remains the worst performing currency in August.

Download a FULL PDF version of the Daily Note:

GlobalMacro360 Daliy Note 21st August 2015


The statements, opinions and analyses presented in the articles, newsletters, and other materials appearing on this website are provided as general information and for educational purposes. Opinions, estimates and probabilities expressed herein constitute the judgment of the author as of the date indicated and are subject to change without notice. Nothing contained in this website is intended to be, nor shall it be construed as, investment advice, nor is it to be relied upon in making any investment or other decision. Prior to making any investment decision, you are advised to consult with your broker, investment advisor or other appropriate tax or financial professional to determine the suitability of any investment. David McWilliams shall not be responsible or have any liability for investment decisions based upon, or the results obtained from, the information provided.

Categories: Daily Note