Stocks dip on economic slowdown fears, Asia/Europe PMIs contract while ISM softens, Oil tumbles on demand outlook, Gold rally intact, Polkadot tumbles


Source: nxtmine.com nxtmine.com

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US stocks are off to a lackluster as the start of a new month was filled with a bunch of reminders of how quickly the global economy is slowing down and as the risks to the outlook continue to grow. The shock contraction in China was immediately followed up with a wrath of EU manufacturing data that fell into contraction territory for the first time in almost two years. US factories are growing at the slowest pace in a couple of years, but the slower expansion was better than what most economists expected. Despite a robust July (best month since...