On Tuesday leading indicators published by the Organisation for Economic Cooperation and Development (OECD) showed that based on January data, economic activity continued to point to continuing slowdowns in the US, the UK, Canada and Russia, with additional slowdowns expected in Germany and Brazil. Also Tuesday the International Monetary Fund warned that the world faces a growing “risk of economic derailment” and needs immediate action to boost demand. Earlier on Tuesday in Beijing data revealed the worst monthly collapse in Chinese exports since 2009.