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

  • 📰 malaymail
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 86%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Zoom shares soar as earnings rocket | Malay MailSAN FRANCISCO, Sept 1 — Zoom shares soared on Monday after the video-meeting service reported that quarterly revenue rocketed as its ranks of users more than quadrupled. The Silicon Valley-based company that has become a popular way to work, learn or socialise during the pandemic said it made a...
Source: malaymail - 🏆 1. / 86 Read more »

Zoom shares soar as earnings rocketSAN FRANCISCO: Zoom shares soared on Monday after the video-meeting service reported that quarterly revenue rocketed as its ranks of users more than q...
Source: theSundaily - 🏆 25. / 51 Read more »

Zoom shares soar as earnings skyrocketVideo-meeting app has become a popular way to work, learn or socialise during the pandemic. FMTNews Zoom App
Source: fmtoday - 🏆 5. / 72 Read more »

Ringgit ends at seven-month high as dollar continues to slip | Malay MailKUALA LUMPUR, Sept 1 — A broadly weaker US dollar and strong risk appetite have bolstered the ringgit to end at its highest level in seven months. At the close, the ringgit stood at 4.1400/1450 against the greenback versus 4.1630/1680 last Friday. AxiCorp chief global market strategist Stephen...
Source: malaymail - 🏆 1. / 86 Read more »