Yesterdays data from China indicates no hard landing there.
CPI 5.5% (lower than recent figures)
PPI 5.0%
Fixed Asset Investment +25% (from 1 yr ago)
Property Investment +31% "
Retail Sales +17% "
So even with their foot on the brake, growth in China is very strong.
If the European Central Bank, IMF and China support Greece and Italy via bond purchases or cheap loans they might just avert Euro disintegration. If political wrangling continues and the above three stay quiet - I am joining Caylus and going short.
XJO futures currently 4252.
Cheers..
china
Yesterdays data from China indicates no hard landing there.CPI...
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