Markets rose on Monday.
The S&P 500 rose 0.2 percent to a record high, the STOXX Europe 600 rose 0.7 percent and the Nikkei 225 surged 2.6 percent.
Fundstrat’s Tom Lee said that the strengthening global recovery is driving equities and with vaccinations and boosters for COVID-19, “the improvement in health care risk could materially accelerate in 2022”.
The Institute for Supply Management reported on Monday that its US manufacturing index fell to 60.8 in October from 61.1 in September.
In China, the Caixin/Markit manufacturing purchasing managers’ index rose to 50.6 in October from 50.0 in September.
However, China’s official manufacturing PMI fell to 49.2 in October from 49.6 in September.
Wang Zhe, senior economist at Caixin Insight Group, said: “Supply strains became the paramount factor affecting the economy.”
No comments:
Post a Comment