Factories in China and Japan - the world's second and third largest economies - saw scant sign of demand recovering in July, with surveys across Asia offering only crumbs of comfort after weak growth readings in the United States and Europe.
The fitful global performance was clearly on the mind of William Dudley, a top policy maker at the Federal Reserve, who used a speech in Indonesia to urge caution on raising US interest rates.
Dudley, a close ally of Fed chair Janet Yellen, warned of negative shocks due to the unknown fallout from Britain's vote to leave the European Union, a strong dollar, and because it was safer to delay a move with interest rates so low.
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The fitful global performance was clearly on the mind of William Dudley, a top policy maker at the Federal Reserve, who used a speech in Indonesia to urge caution on raising US interest rates.
Dudley, a close ally of Fed chair Janet Yellen, warned of negative shocks due to the unknown fallout from Britain's vote to leave the European Union, a strong dollar, and because it was safer to delay a move with interest rates so low.
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