| It seems that the comfort level in the broader market has started to fade again in May and the woes of Q1 are back. Global growth worries once again flared up with the latest U.S. and China manufacturing data failing to pick up momentum (the numbers just expanded not accelerated) and a slew of downbeat releases from the U.S.
Added to this, Markit's manufacturing PMI showed that factory output in the U.K. declined to the lowest level in three years in April. In any case, China has been at the root of the global market turmoil since mid 2015. Many U.S. companies generate a considerable portion of their earnings from the world's second-largest economy...............................................Full Article: Source
|