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China in recession?


Mercury

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The Caixin manufacturing PMI remains below 50 and is deteriorating (48.6 today) yet stock markets are stable and resolutely in a post Brexit rally, what is wrong with this picture?  If China has been the main driver behind the post 2009 rally, as many if not most analysts agree, then a China recession is the death of the rally no?  The only thing propping everything up is central banks and when that finally falls...

 

Next quarter earnings?  Anyone got a view on where they will net out and what will happen?  This could be the most telling reporting term for a long time...

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    • I know    maybe I have not been clear, at 14:30 when the US market is open I still cannot but these ETF - no matter what.
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    • Dear @Bradipo, The above are not all session stocks, the market opens at 14:30. Thanks, KoketsoIG
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