Sunder’s List: Red

Roundup: S&P -1.39%, Dow -1.35%, Nasdaq -1.12%, Gold $1,346.10, London -0.40%, Germany -0.39%, France -0.55%. At pixel: Nikkei -1.08%, Hang Seng -2.05%

China’s factory activity weakened to a nine-month low in June. The flash HSBC PMI fell to 48.3 in June from May’s final reading of 49.2. (Yahoo, Markit)

china HSBC flash pmi

 

The taper timetable is out: Bernanke signaled the central bank could start pulling back the $85 billion-per-month bond-buying program later this year. It could be wound down by the middle of 2014 if the unemployment rate hits a projected 7%. (WSJ)

Uday Kotak on the¬†falling rupee: “efforts should be made to increase productivity rather than only relying on short-term measures.” Amen. (ET)

Is more than a decade of rampant growth in emerging markets reaching its natural limits? (WSJ)

Good luck!

 

 

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