Shares start month on a high as PMIs point to economic rebound | Malay Mail

📆 9/2/2020 1:10 AM
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LONDON, Sept 1 — Stocks started September on a positive note, with global indexes close to all-time highs and Europe edging higher, pushed up by Chinese factory data that showed a rebound in demand. Factory activity in China expanded at the fastest rate in nearly a decade in August, a private PMI...

Pedestrians look at a quotation board displaying the share price numbers on the Tokyo Stock Exchange in Tokyo March 12, 2020. — AFP pic

France’s Cac 40 was up 0.4 per cent and Germany’s Dax was up 0.6 per cent. Britain’s FTSE 100 lagged, down 0.9 per cent. In Germany, Europe’s largest economy, output grew at its fastest pace since February 2018, while in France it contracted. Versus a basket of currencies the dollar was down 0.4 per cent at 91.8811 at 0810 GMT, dropping below 92 for the first time since May 2018.

Commerzbank analyst Esther Reichelt said inflation data highlights the difference between the Fed and the ECB.

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