Debt and Bewilderment

by Ben Traynor
Daily Reckoning

The FTSE continues to edge higher. It’s now regained most of the ground lost in January.

That said, it still has a way to go to make up the column inches devoted to the sell-off.

Perhaps sentiment’s just a bit bearish. If so, there are plenty of reasons.

It’s the first of the month, which means we get the purchasing managers’ index data for manufacturing, which track conditions country by country.

February’s number was expected to be lower than January. In the event it was even lower than expected, continuing a downtrend that kicked in a couple of years back.

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