Divergence between Stocks and Commodities Signaled Investors' Preference
focoachopnCommodities remained firm before US market opens. Earlier in the day, European PMI sent some mixed messages to the market. The Eurozone manufacturing PMI climbed +1.3 points to 45.3 in August, compared with market expectations of 44.2. The services PMI, however, fell to 47.5 from 47.9 in July. In Germany, the manufacturing PMI recovered to 42.1 in August from 43. However, the services PMI slipped to the contractionary territory to 48.3 in August.
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Divergence between Stocks and Commodities Signaled Investors' Preference
