Yes, it shows positive growth, but it's not good for rate-cut expectations. Besides, most of the growth was in sectors that do not provide "healthy" growth—medicine, services, and government.

Early today, theories are circulating that the news was leaked early to some on Wall Street, hence the selloff yesterday.  What makes that look likely today is that Wall Street is up, as is spot gold, presently up $6.30 to $2,2297.

The price of copper is down, though essentially flat, as it looks to be moving into the green.