The Chinese PMI is out and it is as follows 48.30 .The forecast was 49.4 and the previous was 49.5 and this AGAIN CONFIRMING THAT CHINA SLOWED DOWN. This is a seven months low.Not the type of news one needs in the morning.With the Japanese markets down due to the widest trade gap.Australian markets were up in the morning this could now change and Hangseng is already in negative .Need to wait and watch HOW THE MARKETS REACT NOW.