Is market sentiment taking a turn for the worse again? If it is, then it looks like weak China data could once more be the catalyst. The disappointing readings on the China Manufacturing PMIs have again dampened sentiment that had so impressively bounced back in recent days. The official China PMI data was in line with expectations at 49.7 which the Caixin (a private survey) PMI final PMI of 47.3 was actually slightly above the flash reading of 47.1 but more importantly confirms the disappointment of a 6 year low in the survey. A couple of weeks ago, the China PMIs had a significant impact across the markets and ... (full story)