May 23 - Stocks hit by a Bernanke-China double whammy. Europe in the red, but nowhere near as deeply as Japan. That despite yet more gloomy euro zone PMI numbers. Markit's Rob Dobson dissects the PMIs.
It's. Global markets in the -- After Ben Bernanke suggests the Fed may scaled back stimulus enough. Rather than later and factory activity in China thanks for the first time in seven months. Let's get a quick check of the main numbers here you know fixing you know first -- -- -- say. And -- cut all confronts all died on a 2% -- -- Germany. Jeremy was that in the backs want them and the today 3% of course this all falls off whopping 7% plunge overnight in Japan. Well joining me now is -- markets and an economist rob Dobson well I could see you again let's start with China these demise I'm not periods. What does it tell us but overall growth picture. In China while what was saying -- China very much for manufacturing dominates the economy. These numbers are suggesting that Soviet period a slowdown in the manufacturing sector and that will hit the GDP numbers in key to this continues play out. What we saw in Q won't. About seven point 7% growth. What would expect this but because they too slow a little -- However it again it will still be good books -- posting outside when in the world so slow growth insanity to bust though with a 7% on the -- -- went looking amount will be good for the global economy intensive China's slowing significantly. But it's about the global economy because global economy so to slowing and anything this place trying to solicit. Laugh and -- -- slowing pace Europe we had eurozone PMI is that today as well. We just say glass half true because of the -- -- all is still very much a case of glass half empty because of the contract on Republican. More on the and to sought what was seeing here is -- and still there's number solidly below fifty still sickening to hear contraction do you essentially be paid. Aren't most missing is new waters and that it was an awesome looking is that things will continue to contract -- it had but it got it did he's a little bit which is supposed to and -- -- But was still some sort of it's contraction able. Palestinian youth is on the -- The big -- by country basis still seems to be funds. It does still seem to found -- -- when he was still seeing around stagnation Balkan -- very important -- -- because. But -- economy second largest in the eurozone still -- very steep basic construction NASCAR have enough -- fit for the eurozone countries particularly in the Pacific. So -- all to go what is what can we tell. Well what's that tell us about Q2 growth in the puzzle and I'm also a base it's only does books I think what we're looking guys say there's a contraction extend not sessions was sentenced Coulter. We're probably looking to from scoring and we -- and it's an open to accent traction in key wanted to connect. Jimmy still hoping announced our nation which in -- says maybe you'll Politico it's drug use -- -- -- any -- Boston today in the most. I suppose there was one bright spot debates contraction in the Yost and fifth we did you switch given the shoppers -- CNET on getting this here is a and mine posted in this topic -- -- still -- vote based myTouch has this cost most nations contraction which is a very weak position for you isn't it. -- a positive is still positive and hopefully not thank you very much. Well markets hit by a double bombing from the nineteen China as have been discussing the the surprise drop and China's manufacturing PMI caught investors off -- Based -- it was the big loser on the news Koppen does an open 3% and Shanghai trains. Last we looked in London down around 2%. That's -- from -- and -- and Alex has everything at this thing to look at what's new in the markets can point. I didn't give up the -- of yeah.