Market Wrap For January 23: Chinese Data, Mixed Earnings Spooking Investors
January 23, 2014 at 16:47 PM EST
Traders and investors woke up Thursday morning to troubling news out of China. Chinese January HSBC flash PMI declined to 49.6 from a 50.5 in December. The data is re-starting the Chinese slowdown debate and according to Reuters has “reinforced concerns about global growth, especially in commodity-sensitive emerging markets.” A mixed-bag of