Stocks fall in wave of bad news–but hold up better than expected (all things considered)
As of noon today New York time, the Standard & Poor's 500 and the Dow Jones Industrial Average are both down 2.42%. The NASDAQ Composite is lower by 2.78%. The Russell 2000 small cap index has tumbled 2.66%. And the iShare MSCI Emerging Markets ETF (EEM) has...
Decline in China’s exports bodes ill for Monday’s GDP release–and for trading partners such as Germany
China’s exports fell by 3.1% in June from June 2012. It’s the first drop in exports since the beginning of 2012 and the biggest monthly drop since October 2009. Imports fell by 0.7% in June after dropping by 0.7% in May. Economists had expected both imports and exports to rise by 6% and 3.7%, respectively.
Will investors and traders continue to see bad economic news as good for the financial markets? Check in for German and Chinese data this week to see
Looking at the expected data from Germany and China that starts to arrive on Wednesday, the big question is will global financial markets see numbers indicating weaker economic growth as a plus or a minus? In the last few days the market seems to have swung back to the view that weaker growth is a plus since it increases the odds for central bank action in China, Europe, and the United States.
Download Jim’s eBook for Free
