STOCK MARKET: U.S. Stock Futures Plummet After Weak China Data
U.S. stock-index futures extended declines after a gauge for manufacturing output in China fell into contraction territory . . .
S E E D E D C O N T E N T
(Bloomberg) -- U.S. stock-index futures extended declines after a gauge for manufacturing output in China fell into contraction territory for the first time since May 2017, fueling global growth concerns.
A fourth quarter sell-off in American equities sent the benchmark to the brink of a bear market late last year as fears of a recession crept up amid intensified U.S.-China trade tensions.
The Chinese economy is really starting to hurt-- Trump's trade war with China is finally starting to have some significant results!
FedEx Corp. last month slashed its profit forecast just three months after raising it, and pared its international freight capacity amid a slowdown in global trade in recent months, with leading indicators pointing to an ongoing deceleration in the near term.
Caterpillar Inc., a bellwether of global growth, was punished by investors in October after repeating its warnings of rising costs due to higher steel prices and U.S. tariffs.
Yes the Chinese market has really been taking a beating far worse than the US markets.
Yes the Chinese market has really been taking a beating far worse than the US markets.
Exactly!
And what you stated illustrates exactly what Trump has failed to understand about economics. Specifically, how being the leader of a country is far different than running a big company in the world of New York City Real Estate!!!
In the world of major companies, where a goal is to beat out competitors- a loss for another company is a gain for your company. But in the area of our nation's economy, a major setback for other major world economies is also a setback for the U.S. economy!