In China PMI Manufacturing Index fell slightly to 50.4 vs 50.8 which allowed stocks to rally as the headline suggests the government will be forced to ease—don’t be so sure.
European stocks weakened with miners and a drop in eurozone PMI Manufacturing Flash from 50.4 vs 50.8. (Well, there’s always Draghi for more jawboning and promises).
CPI 0.0% vs -0.1% expected & prior 0.1%; and ex-food & energy 0.2% vs 0.1% expected & prior 0.1%
Jobless Claims flat at high levels 291K vs 284K expected & prior 293K
PMI Manufacturing Index misses & drops to 54.7 & r8.5 expected & prior 56.2
Philly Fed Survey doubles higher to 40.8 vs 18 expected &