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MARKET COVERS
Watch For:
Factory Orders for July
Today’s Top Headlines/Must Reads:
-How Slowing Inflation Can Hit Corporate Profits
– Utility Stocks Can’t Compete in aWorld Awash With Yield
– China’s Country Garden Makes Overdue Dollar-Bond Payments, Narrowly Avoiding Default
Follow WSJ market insurance coverage below
Opening Call:
Stock futures and also Treasury bonds shed some ground on Tuesday after Chinese data indicated a stagnation in solutions task, sustaining even more problems concerning international development.
A Caixin study revealed China’s solution field increased in August at its slowest rate in 8 months, giving more proof that the nation’s post-pandemic healing was failing.
Read China Caixin Services PMI Fell in August
“Sentiment has turned downbeat again on China as fresh brushstrokes are painted on the picture of its slowing economy,” …
