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.