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Stocks pause for breath after upsurge; crude eyed

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 2, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Equity markets have surged higher in recent days, with investors more or less ignoring the slowing down of economic growth in China as well other global macro risks. China’s factory activity has weakened to its lowest level since November 2011, according to the closely-followed manufacturing PMI. Now, Moody's has revised its outlook on the world’s second largest economy to negative from stable. In Europe, economic growth has been virtually non-existent and the latest PMI readings on the UK

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