When bad news sounds good

When bad news sounds good

Summary : A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 19, 2022.

A look at the day ahead in markets from Anshuman Daga

After a strong set of mostly upbeat earnings reports from both sides of the Atlantic last week, stock bulls will now want macro data to disappoint. Asian equities started Monday on a weak note, with China’s factory activity contracting unexpectedly in July as virus flare-ups cloud the outlook for demand. read more

Key developments that should provide more direction to markets on Monday:

Economic data – July global PMI final โ€“ across the world, Germany June retail sales, US July ISM (manufacturing)

China’s factory activity contracts unexpectedly in July as COVID flares up – read more

Evergrande offers sweetener for debt revamp as China property crisis worsens – read more