piptank
Short

Short European #Stocks Euro Stoxx 50 #EUSTX50 [cancelled]

FX:EUSTX50   Euro Stoxx 50 index of European listed shares

Last Friday Caixin China PMI drops sharply http://uk.businessinsider.com/china-flash-pmi-tanks-2015-7
Asian markets began to sell off followed by Europe and US.
The Caixin-Markit China flash manufacturing PMI report, is a survey of small to medium-sized firms. The index fell to 48.2, down from 49.4 in June, which is a lot in economic terms. A figure below 50 signals contraction. That's bad for every economy and economic outlook.
So my idea is basically short main EU Stocks due to that event. That's why i place a short position Euro Stoxx 50             .
Good Entry: 3613
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