Friday, 4 October 2019

Markets mixed, “fears of recession continue to mount”

Markets were mixed on Thursday.

The S&P 500 rose 0.8 percent while the STOXX Europe 600 was flat and the Nikkei 225 plunged 2.0 percent.

A report from the Institute for Supply Management on Thursday showed that its services index fell to 52.6 in September from 56.4 in August.

Similarly, Markit's composite PMI for the euro area fell to 50.1 in September from 51.9 in August as the services PMI declined to 51.6 from 53.5.

MUFG chief economist, Chris Rupkey said that “fears of recession continue to mount”.

No comments:

Post a comment