Saturday, 1 August 2020

Markets mixed amid mostly negative economic data

Markets were mixed on Friday.

The S&P 500 rose 0.8 percent but the STOXX Europe 600 fell 0.9 percent.

Earlier in Asia, the Shanghai Composite rose 0.7 percent but the Nikkei 225 plunged 2.8 percent.

The National Bureau of Statistics reported that its China manufacturing PMI came in at 51.1 in July, beating expectations.

Elsewhere, though, economic data were mostly negative, with the eurozone economy contracting by 12.1 percent in the second quarter and the University of Michigan’s US consumer sentiment index falling to 72.5 in July from 73.2 in June.

No comments:

Post a comment