Follow on Google News News By Tag * Scott P McMorris * Joseph Glenn Commodities * JG Commodites * Precious Metals * Gold * Silver * More Tags... Industry News News By Location Country(s) Industry News
Follow on Google News | Global Economic Health from Joseph Glenn CommoditiesGlobal Economic Health from Joseph Glenn Commodities
By: Scott P McMorris When investors weren't worried about Greek banks going belly-up or Greece ditching the euro for the drachma, they had concerns about China. Its central bank was trying to arrange a soft landing for its slowing economy. Data showed China's consumer prices up 6.2% in August from a year earlier; the People's Bank of China has raised interest rates five times in the last 12 months. China's official PMI improved a bit to 51.2 in September, but looking long-term, 59% of analysts and traders recently surveyed in Bloomberg's Global Poll of Investors think that its economy will see growth of less than 5% by 2016. Meanwhile, key PMIs in Australia (42.3) and India (50.4) went lower. End
Account Email Address Account Phone Number Disclaimer Report Abuse
|
|