Marketwatch headline: U.S. stock futures wobble as weak China data fuels more global recession worries
Published: May 16, 2022 at 5:42 a.m. ET
By Barbara Kollmeyer
https://archive.ph/Mb7Qo#selection-1823.3-1855.6
Fresh economic data from China was giving investors pause, as that country revealed continued fallout from recent COVID lockdowns.
“The slump in retail sales and industrial production was the weakest since March 2020. The latter also had the lowest print on record, with the worst decline coming from auto manufacturing (-31.8%),” said a team of Deutsche Bank strategists led by Jim Reid, in a note to clients.