It is axiomatic that if China is infected with an economic virus, the whole would feel the repercussions. Yesterday was the exception that proved the rule. Industrial output, the backbone of the world’s second biggest economy, expanded less in May than in April and came in under forecas
After three weeks of losses the oil complex finally made amends and gained some traction. The move higher was not unreservedly convincing, nonetheless developments over the past five trading sessions did not indicate any souring of investors’ sentiment either.
The early Singapore Platts window has achieved little in enlivening a market that is beginning to hunker down and accept a possible period of doldrums before the much longed for and publicised third quarter demand seeps through into fact rather than conjecture.
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