On reflection , this is all about China property jitters. The services PMI is very dependent on the Property sector in China, so the 50 result has put the jitters into many regarding property markets . I guess it is a legitiimate and potentially large risk that many are worried about.
I still don't understand why the Dalian futures were up when the service PMI is down.
FT
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ARI Price at posting:
80.0¢ Sentiment: Hold Disclosure: Held
