Business, Economics and Jobs

Global Economic News: Is the market slowing again?


The Korean stock index is reflected on glass on the final day of trading for 2011 at the Korea Exchange in Seoul on December 29, 2011. The South Korean export data this morning was one of multiple signals that the economy might be slowing down.


Jung Yeon-Je

In the past several hours, we've received two big negative datapoints indicating the world is slowing.

First, South Korean export data — which is one of Jim O'Neill's favorite datapoints — was very weak.

Then UK PMI just came out, and confirmed that exports were slowing to Europe, Asia, and the US.

This is on top of weak Dallas Fed and Chicago PMI numbers yesterday.

The one exception: A decent showing from the Chinese PMI, which showed orders and exports strong.

We'll known a lot more over the next 24 hours.

US ISM is coming out in a few hours, and then we get the rest of global PMIs starting tonight. The overall temperature of the world's economy will be more clear.

SEE ALSO: Charles Schwab's guide to what rich people really think about the global economy >

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