China’s government has succeeded in slowing down its economy so as to slow down its inflation and also to slow down the appreciation of the Yuan which was forced upon them by the world.
It looks like China’s economic growth may slow down for the next few months despite the world facing difficulties to maintain our recovery.
Monday markets may open much lower as many players are disappointed. They were expecting a whisper number of a surprise jump, as evident in the late buying of futures on Friday.
Unfortunately, the chinese PMI did not surprise, in fact it was a slight disappointment. Metals may face another threat as traders start to price in deflation in the US (an unlikely event) however, it will have to be priced in to stocks.
DOW range: 10000 – 10500 till better employment figures.
Looking for value buys in TECH, BANKS, UTILITIES
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