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Markets are on their own ascent this morning. Futures have got some pep in their step even as we get some troubling economic news abroad. The official read on China’s manufacturing sector shows it is still contracting, but not as much as before . Meanwhile, China’s non-manufacturing sector is expanding but at a slower pace than the previous month .
is also getting downgraded for the same reason plus meaningful coal headings.The analyst is downgrading to sell on valuation mismatch. With shares up 33 per cent in the last three-months vs peers down 10 per cent since that time, the analyst says its time to call it quits on the rally.
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