Scoreboard: Global sell-off

New Chinese data won’t help investors pained by emerging markets on both sides of the Atlantic.

The emerging market crisis continued to dominate the market on Friday night and global equities sold off as a result. Bonds rallied. A very modest decline in the Chinese PMI over the weekend isn’t going to help sentiment this week. The index fell to 50.5 from 51, although this index is still above 50, which indicates ongoing expansion.

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