while in China they celebrate 10%, Japan is approaching W-shaped

not so, so that I insist, but they speak, that Japan is under threat of a continuation of the recession. the risk group is still enrolled in Spain / Portugal and Germany in the summer (due to the potential rise in unemployment).

on the bottom picture, painted by me Service PMI. basically, the entire service sector is lagging, but it shrank less, and hence the effect of momentum is less. Nevertheless, Japan doesn't look good at all.

  US stock market news - NYSE, NASDAQ on 21.06.2017
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