Days Of Our Lives

Global growth concerns cast a pall Monday following another disappointing read on the Chinese economy. Activity data for July missed across the board, and officials are concerned enough to cut rates, albeit not in a manner that suggests policymakers are prepared for any sort of "whatever it takes" moment. Analysts were unequivocal. "July's economic data were simply bad," SocGen's Wei Yao and Michelle Lam said, citing the "crushing" weight of virus containment protocols and the ongoing property