Chinas October Industrial production

Chinas Industrial production came in at 8,2% yoy, way below the consensus of 11.1%. Equities in Asia falling drastically. However, Japan also announced willingness to support the IMF with 100Bn Usd equivalent in cash. This money will be put in use to support Emerging markets, which is a positive. I believe markets are now hoping for some new globally coordinated fiscal programmes to come out of the G20 meeting this weekend. Unfortunately, I think they will be dissapointed. Going from here, I doubt the Japanese addon will solv the emerging dilemma, more money is needed, perhaps another 400Bn Usd? Anyway, European markets are handling this in a supportive manner as the equity markets open. Got to respect that. Remember; Emerging markets are still key.