If the market does not like what happens in Doha, there will be an inflection point
In the U. S., Industrial Production fell by -0.6% vs. 0.0% consensus. Capacity Utilization fell to 74.8% vs. 75.5% consensus. It is important to remember that manufacturing is only a small part of the U. S. economy.
On the other hand, China GDP shows the slowest growth since 2009, it came at 6.7% in line with the consensus.
There are a number of bankruptcies among U. S. oil and gas firms. One prominent oil and gas company filed for bankruptcy today, another one filed for bankruptcy yesterday:
Goodrich Petroleum files for voluntary Chapter 11 restructuring
Right now investors are ignoring these developments.
Europe Negative and Asia Negative , USA flat – Small trading ranges today in USA