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The official manufacturing purchasing managers index was 49.2 this month, the National Bureau of Statistics said in a statement on Wednesday — slightly above December’s reading of 49 but still below the 50 mark that separates expansion from contraction. Economists had expected 49.3.
Asia markets mirror Wall Street's decline; most AI stocks, including Microsoft, Alphabet, and AMD, tumble; China's January factory activity contracts; attention shifts to Fed and BOE policy meetings.
MARKET WRAPS Watch For: CPI data for France, Germany, North Rhine Westphalia, Bavaria, Brandenburg, Baden-Wuerttemberg, Hesse, Saxony; Germany unemployment; U.K. Nationwide House Price... -January 31, 2024 at 12:16 am EST - MarketScreener
S&P 500 Backs Off Record After Tech Shares Drop Investors parsed earnings from tech giants and companies including UPS for signs of how consumers and corporate spending are holding up. ...
The seasonally adjusted S&P Global Russia Manufacturing Purchasing Managers’ Index was unchanged at 53.8 in November, as the Russian economy continues to grow well above potential thanks to the...