Friday, 23 August 2019

Markets mixed, US manufacturing PMI falls below 50

Markets were mixed on Thursday.

In the US the S&P 500 slipped 0.1 percent but the Dow Jones Industrial Average rose 0.2 percent.

Elsewhere, the STOXX Europe 600 fell 0.4 percent but in Asia, the Shanghai Composite rose 0.1 percent while the Nikkei 225 rose less than 0.1 percent.

US stocks were held down by reports from IHS Markit showing that its purchasing managers index for US manufacturing fell to 49.9 in August from 50.4 in July while its services index fell to 50.9 from 53.0.

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