Markets were mostly higher on Wednesday.
The S&P 500 rose 0.6 percent, the STOXX Europe 600 rose 0.5 percent and the Shanghai Composite rose 0.2 percent.
The Institute for Supply Management reported that its index of US nonmanufacturing activity rose to 58.1 in July from 57.1 in June.
However, several Federal Reserve policymakers said on Wednesday that a resurgence in COVID-19 cases is slowing the economic recovery and the pandemic will continue to weigh on the US economy.
“The issue with the resurgence in the virus is it slowed down or somewhat muted the recovery we’ve been expecting,” said Robert Kaplan, the Dallas Federal Reserve Bank president.
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