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1.Market Observations, 8.Was Sticky

4 Oct 2018 (AFR) – Global growth fears stoked by slowing factory activity

(4 October 2018, AFR, p17, by Sarah Turner)

Manufacturing PMI (JPMorgan)

Manufacturing PMI (JPMorgan)

‘Trade tensions between the US and China may be coming home to roost for the global economy, with the most closely watched manufacturing surveys flashing warning signs from China to the euro-zone. Chinese factory activity slowed in September, official and private surveys showed, as the world’s second biggest economy remains locked in a trade dispute with the US. Manufacturing also faltered in Vietnam, Taiwan and Indonesia last month.’ <snipped…>

‘ “The PMIs [Purchasing Managers Index] are closely watched as they are highly correlated with economic growth,” JPMorgan Asset Management market strategist Kerry Craig said.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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