One Bank’s Clients Complain ‘The Sheer Volume’ Of Tweets Makes It Impossible To Hold Positions

One Bank’s Clients Complain ‘The Sheer Volume’ Of Tweets Makes It Impossible To Hold Positions

The weekend brought further evidence to support the contention that the Chinese economy remains fragile in the face of mounting uncertainty. The official manufacturing PMI printed 49.5 for August, a touch below consensus, and consistent with the idea that any upticks will likely prove fleeting. New export orders moved higher but remained in contraction. The internals were generally weak and appear to support the case for more policy accommodation, especially now that the trade war has escalated
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