Last week, Emerging Market Equity Fund Flows were down for the 4th straight week with the largest outflows seen since the August 2011 bloodbath.
Last night’s macro in a word is terrible. China PMI and German manufacturing offer no relief for commodities and they are linked.
With these most recent numbers, evidently, Chinese economic data is on a tear.
Here’s a quick recap and what to look forward to in Q2: