Crude Tumbles amid Worries over Chinese Growth Outlook
BonTradeBroad market sentiment is dampened by the Conference Board's downward revision of the Leading Economic Index (LEI) for China. After adjusting for a calculation error, LEI for China grew +0.3% in April, following a +1.2% increase in March and a +0.4% increase in February. The initial reading for April was +1.7%. According to the Board, the correction does not affect the view that growth in China is not likely to accelerate. Rather, moderation is possible.
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Crude Tumbles amid Worries over Chinese Growth Outlook
