This is a five-month low as new orders softened. It follows the official PMI falling to 49.5 from 50.2 in October. The slowing data could spark another push for Chinese consumer stimulus. It’s something officials have pledged but haven’t really delivered.
This article was written by Adam Button at investinglive.com.
I highlighted the vote in Tennessee today as a potential market mover for a variety of reasons and it remains a spot to watch.
The Republican favorite Matt Van Epps is trailing 45.7% to 53.1% with about 43% of the votes in. If that’s the result it would be a disaster for Republicans in a House seat they won by 21 points in a district Trump won by 22.
But it’s not over yet, the votes in so far are from the urban and more-Democratic leaning part of the district. The New York Times model still has Van Epps winning by 3.3 points. Keep an eye on it though as even a narrow Republican win would be damaging for the MAGA agenda.
This article was written by Adam Button at investinglive.com.
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