Markets Heading Lower After Chinese Inflation Hits Hottest Level Since July 2008

Nothing too wild happening (yet) in markets.

Generally the mood in Europe and the US is to the downside.

China came out with a slew of economic data last night.

Via WSJ, growth hit 9.7% — a bit hotter than expected — and inflation of 5.4% was the fastest since June 2008.

NASDAQ futures are fairly close to their lows of the morning.

chart

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.

Tagged In

china moneygame-us