March 26, 2020 BY Valentina Kirilova

Soft US and Euro area PMI suggests sharp economic contraction in US and Europe

What's next? As lockdowns have been extended in Europe, likely, the next PMI reading will also be bad. However, the stock markets are forward-looking, and I suspect that they will be more interested to see what will happen with the development of Covid-19, and how the Chinese economy is doing, for clues to what may…

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