We have been warned again. Chinese and EUR rhetoric over the weekend has many taking a breather, sucking in the dismal US employment report and better preparing themselves for Chinese trade and sales data later in the week, especially after been served a weaker PPI number for June. The market is now fearing that the price fall is not just because of the base effects of lower commodity and input prices, but because final demand for China’s factory output, particularly exports, maybe declining. Premier Wen said over the weekend that downward pressure on the economy is still “relatively large” and that the government ... (full story)