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Clearly the February data shows the global slowdown is starting....

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    Clearly the February data shows the global slowdown is starting. If March is another weak month then this will be confirmed and markets will continue to dive at an accelerated rate. I believe now is a good time to get a greater exposure to gold/silver, when it moves it will move fast imo.

    Reuters News: GLOBAL MARKETS-Stocks, dollar fall as global growth worries mount
    * China exports dive in February
    * U.S. payrolls fall well short of expectations
    * Stocks poised for worst week of the year

    By Chuck Mikolajczak NEW YORK, March 8 (Reuters) -

    Global stocks lost ground on Friday and the dollar softened for the first time in eight sessions after a disappointing U.S. payrolls report exacerbated concerns that the world economy was slowing.
    Global economic growth worries mounted as data in China showed exports shrank 20.7 percent in February from a year earlier while imports fell 5.2 percent.
    White House trade adviser Clete Willems said on Friday that Trump administration officials have not made any new plans to send a team to China for face-to-face trade talks, although negotiators have made progress. U.S. ambassador to China Terry Branstad told the Wall Street Journal that the two sides have yet to set a date for a summit as neither feels a deal is imminent.
    Compounding concerns was a U.S. payrolls report that fell well short of expectations, although other measures within the report were strong, sending mixed signals to investors. "The poor number indicates that we are suffering alongside the rest of the global economy and that it is having an impact on the U.S.," said Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago. "The U.S. has been the best house in a lousy neighborhood and maybe that is changing."
    The Dow Jones Industrial Average fell 22.99 points, or 0.09 percent, to 25,450.24, the S&P 500 lost 5.86 points, or 0.21 percent, to 2,743.07 and the Nasdaq Compositedropped 13.32 points, or 0.18 percent, to 7,408.14. While stocks on Wall Street were lower, a late day rally helped curb losses and major indexes ended near session highs. For the week, the Dow and S&P ended down 2.2 percent while the Nasdaq lost 2.5 percent. The Dow suffered a loss for its eleventh straight session, the longest losing streak since April 1972, according to S&P Dow Jones Indicies.
    The February data out of Beijing and mixed U.S. payrolls numbers came on the heels of a move by the European Central Bank to slash growth forecasts as it unveiled a new round of policy stimulus on Thursday. The worries knocked European stock markets lower where the STOXX 600 index suffered its biggest daily percentage drop in a month and worst week this year. The pan-European STOXX 600 index lost 0.89 percent and MSCI's gauge of stocks across the globe shed 0.58 percent.
    MSCI's index was on pace for its worst week since late December. After the mixed messages in the jobs report, the dollar weakened for the first time in eight sessions. The Swedish crownfell to a 16-year low, before reversing course, as the Riksbank joined its central bank counterparts in Europe and Canada in adopting a cautious outlook.
    The dollar index fell 0.31 percent, with the euroup 0.36 percent to $1.1232. U.S. Treasury debt yields were lower in the wake of the payrolls report. Benchmark 10-year notes last rose 3/32 in price to yield 2.6267 percent, from 2.636 percent late on Thursday.
    The growth worries, along with surging U.S. oil supply, dented oil prices. U.S. crude fell 1.04 percent to settle at $56.07 per barrel and Brent was last at $65.74 per barrel, down 0.84 percent on the day.
    Global currencies vs. dollar YTD tmsnrt.rs/2egbfVh Global assets in 2019 tmsnrt.rs/2jvdmXl MSCI All Country Wolrd Index Market Cap tmsnrt.rs/2EmTD6j(Additional reporting by Amy Caren Daniel in Bengaluru Editing by James Dalgleish and Diane Craft)© Thomson Reuters 2019.

 
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