Futures subdued as tech stocks extend fall; Fed minutes awaited
U.S. stock index futures were subdued on Wednesday ahead of minutes from the Federal Reserve’s December meeting, even as big technology stocks continued to fall, with Salesforce.com declining after a brokerage downgrade.
Euro zone Aug factory growth strong – as were price rises, PMI shows
Euro zone manufacturing growth remained strong in August but supply chain issues caused by the coronavirus pandemic continued to constrain supplies of the raw materials factories need, driving up prices, a survey showed on Wednesday.
China’s economy under pressure as factory activity slows in Aug, services contract
China’s businesses and the broader economy came under increasing pressure in August as factory activity expanded at a slower pace while the services sector slumped into contraction, raising the likelihood of more near-term policy support to boost growth.
Marketmind: Who’s rocking the boat now?
From Fed boss Jerome Powell on Friday to the Cleveland Fed’s Loretta Mester on Monday, the doves have been out in force, sending the dollar to two-week lows, Treasury yields below 1.3% and putting the S&P 500 (.SPX) on track for its longest monthly winning streak since 2018.
German private sector stays on growth path in August -PMI
Activity in Germany’s manufacturing and services sectors expanded in August, a survey showed on Monday, pointing to recovering employment levels, strong demand and a rosier business outlook even though the pace of growth fell slightly.
Growth in French business activity eased in August -PMI
Growth in French business activity eased in August compared to July, according to initial forecasts in a monthly survey, as problems with supplies of goods and COVID-19 health protocols impacted trade.
Wall Street pushes stocks, oil higher ahead of jobs report
U.S. stocks and oil prices rebounded sharply on Thursday as unemployment claims declined and the trade deficit widened – positive economic data in the face of rising COVID-19 cases and signals of declining Federal Reserve stimulus.
MORNING BID A new sunny day, with the same old clouds
It’s a new week, a new month and time for a fresh start – but the problems niggling at markets this morning are still the same.
India’s factory growth rebounded in July, hiring resumed after 15 months
Factory activity in India bounced back in July as demand surged both at home and abroad, prompting companies to create new jobs for the first time since the onset of the pandemic, a private sector survey showed on Monday.
China’s factory activity in July grows at slowest pace since Feb 2020
China’s factory activity expanded in July at the slowest pace in 17 months as higher raw material costs, equipment maintenance and extreme weather weighed on business activity, adding to concerns about a slowdown in the world’s second-biggest economy.
