Chinese Index Spooks Stocks

Mortgage and Lending with The Federal Savings Bank/Lending in 50 states NMLS # 109616

China, which is the world's second largest economy next to ours, posted a disturbing number for its manufacturing index today.  A reading over 50 indicates that their industrial production is rising.  Today's reading of less than 50 indicates they are in decline.  That reading could have an impact on global commerce.  That uncertainty caused stock traders to sell off their holdings pushing the Dow down 175 points.

Comments (1)

Jon Zolsky, Daytona Beach, FL
Daytona Condo Realty, 386-405-4408 - Daytona Beach, FL
Buy Daytona condos for heavenly good prices

Jeff - yes, China is second, and it is next to us, but rather distant next. Our economy is 10 times bigger.

But no worries, our President works days and nights to go slower, so that Chinese can catch up and not be upset.


Jan 23, 2014 07:54 AM