Stocks struggle, dollar gains as investors scrutinise data

"Like last month, the survey indicates that price pressures are easing. In manufacturing, cost pressures are falling quickly on the back of improving supply chain problems and weakening new orders," ING bank said.

"Service sector inflationary pressures are also coming down, but at a slower pace due to rising wages. For the European Central Bank, this remains the largest concern in tackling inflation right now."index of 600 European companies remained slightly weaker after the PMI data, though still on track for the fifth week of gains.

"The main narrative is that recession is coming but it's taking its time," said Kevin Thozet, investment committee member at Carmignac.during the end of the third quarter or during the fourth quarter, while consensus on the outlook in Europe is overly pessimistic in the short term, and too optimistic on the longer term, Thozet said.

Although China is recovering, it's not expected to have the "traction capacity" to pull the rest of the world along with it that it had in previous economic cycles, Thozet added.Electric vehicle maker Tesla

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

Tesla, Netflix stocks fall, Western Alliance shares surge, and other stocks on the moveNetflix's stock declines after posting weaker subscriber growth, while Tesla shares weaken after more price cuts.
Source: MarketWatch - 🏆 3. / 97 Read more »

UBS names the global stocks to buy amid sluggish growth and sky-high inflationThe Swiss investment bank took a look at market history to identify stocks that could beat the market in a period of sluggish growth and sky-high inflation. The problem is the ( TRAITOR ) that sold USA 🇺🇸 out to China 🇨🇳 and ukraine 🇺🇦 garbage 🗑 ass corrupt Joe Biden funnel money 💰 🤑 💸 throw his garbage family this Biden family needs to go to jail CNBC fake ass news is in bed with a ( TRAITOR ) to USA 🇺🇸
Source: CNBC - 🏆 12. / 72 Read more »

Stocks making the biggest moves premarket: United Airlines, Netflix, Morgan Stanley and moreThese are the stocks posting the largest moves in premarket trading.
Source: CNBC - 🏆 12. / 72 Read more »

Stocks ease, dollar perks up as focus returns to Fed and inflationGlobal stocks eased on Wednesday, while the dollar pulled further above last week's one-year lows, as investor focus honed in on what the Federal Reserve may have to do to tame inflation, rather than on the recent problems in the U.S. banking sector.
Source: Reuters - 🏆 2. / 97 Read more »