Europe Is Swan Diving Again

dive swim

Photo: easylocum / Flickr

The day had started with a “risk on” tone after a decent (but not spectacular) Chinese Flash PMI report.But things are crumbling again in Europe.

Italy is down nearly 1% and Spain is close behind that after some weak data, including the Eurozone Composite Flash PMI hitting a 40-month low, and a weak German IFO institute survey report.

US futures remain modestly higher.

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