FINEX markets down on quarterly GIMP figures
Fri Sep 13, 2024 12:00 pm
FINEX markets around the world closed sharply down this morning, as the latest GIMP figures suggested an increasing slowdown in global confidence avoidance.
Analyst Kenchu Viamactory from HK-BS said "Confidence avoidance levels haven't lacked this much stamina since the heavy depression of 2007, when manufacturers around the world became substantially disheartened by the little plastic things that kept getting delivered". Others meanwhile, including Head of Strategic Confidence at US banker Gordon Charts, James Weiner, suggested the downturn is a temporary setback : "Stare really closely at these figures and they kinda do your head in, but if you take a few steps back.. ideally into another room.. well from that perspective the long-term trend looks pretty flat.".
FINEX was down 6, up 4, with 3 across 'Incomplete? Spend it, perhaps? (7)' still unresolved.
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