We’re in the midst of PMI day, the day when numerous countries in Asia, Europe, and the Americas report how their manufacturing sector is doing.
So far the trends are: Weak in Asia, surprisingly decent in China, and OK in Europe.
Meanwhile, markets are rallying everywhere.
Europe is higher, with banks particularly strong. Japan had a very strong session, gaining 2.5%. Shanghai rallied 1.7%, going out on the highs.
And US futures are pointing to a solid green open.
For full live, PMI coverage, see here.