China sneezed

The Chinese stock market has not recovered to its peak. But just a little worry about inflation has sent stock markets around the world down. Even stable gold is down. And oil too. Three contracts for commodities have fallen too. AUD has come down a little.

That means on Monday, it would not be a 20 points down per SPI. It will be a 60 point fall.

However, there will data coming out of the USA next week and that will tell us whether there is real recovery there. Share market performance is tied to the USA but real economy is tied up to... China.