Tuesday, 8 October 2019

Markets mixed as German industrial orders fall

Markets were mixed on Monday.

The S&P 500 fell 0.5 percent and the Nikkei 225 fell 0.2 percent but the STOXX Europe 600 rose 0.7 percent.

European markets rose despite a report on Monday showing that German industrial orders fell 0.6 percent in August.

“The German economy is in the midst of a recession. Today’s data make that clear again,” said Thomas Gitzel, economist at VP Bank Group.

Meanwhile, the risk of a US recession remains low. Results of a survey by the National Association for Business Economics showed that the economy is expected to grow by 2.3 percent in 2019 but slow to 1.8 percent in 2020.

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