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
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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.
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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.