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The Street is now worried about the magnitude of a slowdown in Europe, the stock market will need to find a new comfort level. DJIA 13,020. Watch for one-day reversal.

Keeping in view the impact of global economic slowdown on micro, small and medium enterprises (MSMEs) the Government has taken several measures to protect them, said Minister of State (Independent Charge) for MSMEs, Dinsha Patel in a written reply to a question in the Lok Sabha on Tuesday.

Currently, the global stainless steel industry is going through difficult times, as prices of raw materials are increasing on one hand, and at the same time demand has been on a declining trend. Profitability of both manufacturers and traders of pipes and plate products have reduced significantly compared to the past two years. I have been speaking to many traders of pipes, plates and fittings about their business conditions and the most common answer I get is "Current business is even worse than what we experienced in the recession of 2008". It is not just the case with European or US manufacturers of stainless steel products, the effects of declining demand is being even faced by Chinese and Asian manufacturers. Nickel and ferro chrome prices are the driving factor for determining prices of stainless steel products. While, Nickel prices on the London Metal Exchange have been very volatile, ferro chrome prices have been recently increased by 12.5% by miners across economies. On account of an increase in ferro chrome prices, some manufacturers have already announced an increase in prices, while others are planning to increase the prices. Stockholders and buyers of products such as stainless steel sheets, plates, pipes, bars, fittings and flanges have been become highly risk averse and cautious while placing purchase orders with mills, especially in case of Asian stock holders who import these products from Chinese or Indian mills. The global speculation activity in metals has had a major impact on the buying patterns of consumers in Asian economies. Going forward, we expect the market to remain lack luster, with buyers staying on the back seat and purchasing in smaller quantities, to avoid major losses due to fluctuations in prices of Nickel and other raw materials. Although prices in the Indian market have remained stable, but selling big quantities of stainless steel plates, pipes and fittings has become difficult because of the risk averse attitude of traders

Concerns of a slowdown in the Chinese economy led to a selloff in major base metals including copper, aluminium and nickel. Even precious metals such as gold and silver were not spared. The key question is who to trust at times when gold is also on a freefall. This week global financial markets started with another round of selling, as investors turned risk averse following disappointing Chinese economic data. The Chinese Economy grew 7.7% during the first quarter of 2013, compared to the same period last year, missing economists' expectations of 8% growth. Growth also slowed compared to the last quarter of 2012, when it stood at 7.9%, raising expectations of a slowdown in the Chinese economy, which is a bearish signal for the global financial markets, especially base metals. Growth in Chinese industrial production also disappointed, with a reading of year on year growth of 8.9% in March compared to a 9.9% growth recorded in the previous month. Markets were expecting a growth of 10.0 year on year. Traders had expected China to post better results, as consumer spending had improved and Chinese government had also infused liquidity in the domestic financial system to aid growth. We expect the Chinese government to avoid a monetary tightening policy to aid growth in the coming months. Nickel prices were trading at around USD 15,500 / metric ton down around USD350 compared to the closing on Friday. The fall in nickel prices and weak Chinese economic data has come as a surprise to many stainless steel users and stockholders in emerging economies, as they had made material bookings for stainless steel seamless pipes, Stainless Steel Pipe Fittings and stainless steel strips in the last week,. They had anticipated Nickel prices of USD16000 / metric ton as bottom pric

The market is seeking a level that discounts foreseeable negatives and uncertainties (Spain, U.S. economic slowdown , Q1 earnings).Needs time for clarification.

While the Chinese economy has definitely been slowing, and the slowdown is real, investors should not become excessively bearish and overreact to negative headlines.

A brief consolidation likely as worries about Greece, Iran and rising oil prices abate,leaving a slowdown in global economies as the primary negative.

China and Hong Kong stocks tumbled after the HSBC preliminary manufacturing PMI fell sharply to 48.0, indicating slowing growth in China. Resources stocks posted steep losses.

For the CO2 laser machine industry, 2011 was a record-breaking year for revenues while 2012 with economies fluctuating in Europe and China we saw a significant slowdown.

Shying away from risking their capital in small and medium enterprises (SMEs) in the wake of the economic slowdown, Private equity (PE) investment in the SME sector dipped to USD 580 million in 2009, down about 68 percent year-on-year.

The government may extend sops for the exporters who hurt badly due to slowdown like handicrafts, carpets, engineering and electronic goods, Commerce Minister Anand Sharma hinted in the capital on Thursday.

Already exporters are not able to draw enough demand for goods from the key export markets due to the massive financial slowdown, which has hurt many big economies adversely in the last one year. In addition, the unprecedented four-day shutdown of European airspace continued to wreak havoc, as the volcano near the Eyjafjallajoekull glacier in southern Iceland went on spewing ash and many countries have either canceled, delayed or extended bans on flights.

The Indian services industry is back to its pre-slowdown level, with many of its key sectors reporting double digit growth, says a Confederation of Indian Industry (CII) survey.

In a pre-policy meeting with RBI Governor D. Subbarao, FIEO President A. Sakthivel said urgent measures are required to bolster the exports sector, which has been severally affected by the global economic slowdown and currency fluctuation.

The knitwear industry in Tirupur is on a recovery path. It has started limping back to normalcy after all the problems it faced in the wake of rupee appreciation, global slowdown and high cost of materials, besides the rise in dyeing charges.

Sectors like carpets and handicrafts, which are still fighting with the slowdown in global demand, may get sops after the commerce ministry completes its sectoral review of exports later this month, an official said.

Despite slowdown, India's growth rate has been sustainable and the overall impact on the economy has been positive.

Global financial and credit rating agencies have drawn a positive picture of Bangladesh's economy, but domestic experts see signs of stagnation and slowdown in investment.

Despite the overall decline in foreign tourist arrivals (FTAs) to India at 5.16 million in 2009 from 5.36 million in 2008 and 5.19 in 2007, primarily due to the global economic slowdown, safety concerns arising from the Mumbai terrorist attacks, the medical tourism industry in the country bucked the trend.

Despite the global slowdown, two way trade of India-Czech Republic has witnessed a significant growth of 5 percent in 2009-10 as compared to the previous fiscal, said D P Srivastava, Ambassador of India, Czech Republic in New Delhi recently.

Unlike most of his peers who are apprehensive about an economic slowdown, Hubert Lienhard believes that there are still several opportunities and huge potential for sustained growth in China.