Wednesday 2 September 2020

Markets mixed amid positive global manufacturing data

Markets were mixed on Tuesday.

The S&P 500 rose 0.8 percent to a record high but the STOXX Europe 600 fell 0.4 percent.

Positive global manufacturing data helped markets, with JP Morgan's global manufacturing PMI rising to a 21-month high of 51.8 in August from 50.6 in July.

However, Lindsey Bell, chief investment strategist at Ally Invest, said the Federal Reserve’s ongoing stimulus is “a key backstop going forward”.

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