Friday, 2 September 2016

Markets mixed as US manufacturing contracts but Chinese manufacturing rebounds

Global markets saw another mixed performance on Thursday.

Both the S&P 500 and STOXX Europe 600 were flat while Asian markets were mixed.

Economic data on Thursday were also mixed.

In the US, the Institute for Supply Management said its index of manufacturing activity fell to 49.4 in August from 52.6 in July, indicating contraction.

However, China reported that its manufacturing PMI hit 50.4 last month, its highest level since October 2014.

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