World stock markets slip on China growth jitters

[Omaha Steve]

Source: AP-EXCITE

By ELAINE KURTENBACH

TOKYO (AP) — Stock markets fell Monday ahead of a preliminary manufacturing survey from China that might show renewed weakness in the world's second-largest economy.

KEEPING SCORE: Britain's FTSE 100 fell 0.3 percent to 6,799.98 after shares in major retailer Tesco plunged on the news it had overestimated its half-year expected profit by 250 million pounds (about $409 million). France's CAC 40 dropped 0.4 percent to 4,442.70 and Germany's DAX slipped 0.4 percent to 9,764.44. U.S stocks were set to start the week lower, with Dow futures down 0.3 percent to 17,156. S&P 500 futures lost 0.5 percent to 1,993.30.

THE QUOTE: "All eyes will be on China's HSBC flash PMI after the recent spate of soft data, especially industrial production and property prices last week," Mizuho Bank said in a commentary. HSBC's gauge of China manufacturing is due Tuesday.

CURRENCIES: The yen has been trading at six-year lows as the dollar has surged in anticipation the U.S. Federal Reserve will raise interest rates next year while the Bank of Japan keeps its easy monetary policy. However on Monday the dollar was slightly lower, at 108.90 yen, after closing Friday at 109.05 yen. The euro rose to $1.2855 from $1.2831.

FULL story at link.



A woman reacts as she and other commuters disembarked from a crowded train at a subway station during a rush hour in Beijing, China Monday, Sept. 22, 2014. Asian shares were mostly lower Monday as investors awaited the release of a preliminary manufacturing survey from China this week that might show renewed weakness in the world's second-largest economy. (AP Photo/Andy Wong)



Read more: http://apnews.excite.com/article/20140922/financial_markets-d5869cc32c.html

[davidpdx]

1. China has been making some of the same mistakes the US has

They are due for a crash of their own soon. When I was there in 2011-2012 building was booming, but unfortunately much of it was sitting empty. There were some really nice condos over by the school I worked at and a friend and I went and walked by them. We asked the security guard about how much they cost. Yeah, no wonder they are sitting empty. No one can afford them.

[WhoWoodaKnew]

2. In the grand scheme of things, the world's markets

are amazingly resilient. I never think short term.

[SoapBox]

3. Maybe the markets should be happy that the crazy China growth

would level and take a breath?

Nawwwww....greed is always what they want.