Economic data in trouble

Late last month, the sell-off in emerging market currencies continued, but the fed is still not stop his exit.On January 29th, the federal reserve announced monthly purchases continue to cut $10 billion,JIS stpg410 seamless tube from $75 billion in monthly purchases fell to $65 billion.

Subsequently, the United States, Britain, and China's economic data released less than expected, particularly in the United States announced in January manufacturing purchasing managers' index was only 51.3, far less than 56.5 in December last year, 56 also far lower than economists had expected.As a result, global equities in the collective.On February 3,seamless elbow 90 for welding 3d the dow Jones industrial average fell 2.1%, its biggest one-day fall since June 2013, the s&p 500 index also to closed down 2.3% on the day.On February 4, Japan's stock market fell more than 4%, China's Hong Kong's hang seng index fell 2.89% on the day.

On February 5, while the ISM non-manufacturing index is better than expected, but Wall Street still continue to fall,ansi class 150 flange the nasdaq down 1.6% intraday, year low, the international gold above $1270 an ounce for a time.Some Wall Street analysts believe that weaker than expected economic data should only be catalyst, emerging market panic in January and the federal reserve decided to cut purchases have sell-off is prepared for the market.Blackrock group analyst pointed out that if you want to continue to rise, the stock market to rely more on fundamentals.