Marketmind: Purchasing managers of the world, diverge

Published by
Reuters UK

A look at the day ahead in European and global markets from Tom Westbrook A month-long risky-asset rally, in the absence of any further banks collapsing, seems to be running out of steam as economic data offers few excuses for confidence. Softening second-tier data in the U.S. on Thursday put a bid under bonds for the first time in a few weeks, while bitcoin was clobbered. Purchasing manager’s index data are the next set of economic figures due as market focus flings back on growth. British and euro zone manufacturing surveys are seen stuck in contraction territory. China posted stonking expor…

Read More