Wednesday 6 January 2021

Markets mixed, US manufacturing improves

Markets were mixed on Tuesday.

The S&P 500 rose 0.7 percent but the STOXX Europe 600 fell 0.2 percent.

Earlier in Asia, the Shanghai Composite rose 0.7 percent but the Nikkei 225 fell 0.4 percent.

Stocks in the US were boosted by a report from the Institute for Supply Management showing that its manufacturing index rose to 60.7 in December — its highest level since August 2018 — from 57.5 in November.

However, markets in Europe were weighed down by continued concerns over COVID-19 as England entered its toughest nationwide lockdown since last March on Tuesday.

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