![]() And the familiar laments about supply chain disruptions continue - business supplies distributor Bunzl is the latest.įinally, watch travel stocks after EU removed the United States and five other countries from its safe travel list. Today's big news is the $4.7 billion purchase by tech investor Prosus of Indian payments platform BillDesk. On the corporate front, dealmaking never really took a break over the summer but expect the pace to pick up in coming weeks. Economists polled by Reuters predict 2.7% - that would be the highest reading since 2012.īond markets however, shrugged off Germany's outsized reading and are likely to keep their eyes firmly trained on the Fed and Friday's August U.S. The main focus in Europe is the euro zone "flash" inflation data following Germany's 3.4% reading on Monday. Still, world shares scaled new record highs, while Wall Street futures are almost half a percent higher. ![]() ![]() The impact of new rules restricting under-18s from playing video games for more than three hours a week is also weighing - Shenzen-listed tech shares are down more than 2%.Īnd a Reuters report of a regulatory probe into the property investments of Ping An Insurance (2318.HK) sent its shares 7% lower at one point. Its non-manufacturing PMI fell to a contractionary 47.5 in August (53.3 in July) and the composite PMI recorded its first sub-50 reading since February 2020. From Fed boss Jerome Powell on Friday to the Cleveland Fed's Loretta Mester on Monday, the doves have been out in force, sending the dollar to two-week lows, Treasury yields below 1.3% and putting the S&P 500 (.SPX) on track for its longest monthly winning streak since 2018.
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