Q3 Begins With A Chinese PMI Miss And Lower Stock Prices

china factory

Photo: Wikimedia Commons

After a brilliant flourish to finish of Q2, Q3 is beginning on a bit of a sour note.Chinese manufacturing PMI for June came in at 50.9 vs. expectations of 51.5 and a 52 last month.

Shanghai equities are down 0.25% in early trading.

Meanwhile, US equity futures are currently heading lower. It’s not a huge drop, but it does look like the euphoria of the last 4 days is briefly taking a pause.

Friday will likely be quiet in the US, although everyone is watching the ISM.

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