NEW YORK – The upswing in global equity markets that started in July is now running out of steam, which comes as no surprise: with no significant improvement in growth prospects in either the advanced or major emerging economies, the rally always seemed to lack legs. If anything, the correction might have come sooner, given disappointing macroeconomic data in recent months.
纽约—7月份开始的全球股市反弹正在失去动力，这并不令人奇怪：发达国家和主要新兴市场国家都没有发生增长前景的重大改善，因此反弹总是无根之木。如果要预测什么的话，修正走势可能马上就会到来，因为最近几个月的宏观经济数据令人失望。