NEW YORK, Sept 1 — Global indexes mostly dipped on Thursday, capping off a lacklustre month of growth for markets around the world.
A small rally on Thursday failed to save the Nasdaq from seeing its worst month of the year, while the pan-European Euro Stoxx 50 also saw a disappointing month overall. The Fed’s preferred measure of inflation, the personal consumption expenditures price index, rose to a 3.3 per cent annual increase in July, up from 3.0 per cent in June.
Analysts said the data increased the chance of the European Central Bank deciding against a further interest rate hike next month. That in turn weighed on the euro. Officials have announced a series of pledges to help various sectors — particularly the property industry — and there is an expectation that more is on the way.