smoker, smoke, cigarette
Flickr / pierpaolop
Looks like another rough morning.
After a weak Chinese Flash PMI and a series of clearly contractionary European flash PMIs, everything is lower today.
Crude oil is about to drop below $80.
US futures are down about 0.5%.
Gold is below $1600
And Europe is getting smoked. The Spanish market is down 1.6%. Italy is off 0.6%. Germany is down 0.9%.
So basically we're seeing a combination of weak data, and perhaps some global reaction to yesterday's Fed, which may have been a tad more hawkish than expectations.