Markets were mostly higher on Wednesday.
While the S&P 500 closed marginally higher, the STOXX Europe 600 rose 0.5 percent and the Shanghai Composite rose 0.7 percent.
Chinese market gains were possibly weighed down by news on Wednesday that the Caixin/Markit manufacturing PMI for August came in at 49.2, suggesting a contraction in manufacturing activity.
US stocks were also possibly weighed down by a report from ADP that private payrolls rose by a less-than-expected 374,000.
Still, Mike Loewengart, managing director of investment strategy at E-Trade, said that the number “means easy money policy continues”.
“This bull market is alive and well and we would view any potential weakness as an opportunity,” said LPL Financial chief market strategist Ryan Detrick.
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