Tuesday, 1 October 2019

Markets mostly higher amid mixed economic data

Markets were mostly higher on Monday.

The S&P 500 rose 0.5 percent and the STOXX Europe 600 rose 0.3 percent.

However, the Asian markets mostly declined, with the Shanghai Composite falling 0.9 percent.

Economic data on Monday were mixed.

In the US, the Chicago PMI fell to 47.1 in September from 50.4 in August.

In the euro area, the unemployment rate fell to 7.4 percent in August from 7.5 percent in July.

In China, the Caixin/Markit factory PMI rose to 51.4 in September from 50.4 in August while the official Chinese manufacturing PMI rose to 49.8 from 49.5.

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