Markets are moving, but not in one clear direction. The U.S. is still holding up, but signs of a slowdown are creeping in, with services activity slipping and stocks taking a hit. The Eurozone is seeing some life in manufacturing, but deep-rooted labor and investment issues aren’t going away. Meanwhile, China is staying steady on policy, but the real estate sector remains a drag. Plenty of moving pieces—let’s break it down.
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