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The PMI was below 50, which is a psychologically important level and puts into real focus the fact that China is contracting, with the weak data coming out, we're going to see the negative sentiment from the last few weeks continuing.

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    Quiz

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    I know not with what weapons World War III will be fought, but World War IV will be fought with sticks and stones.
    A Albert Einstein
    B Oppenheimer
    C Joseph Stalin
    D Charles Dickens