Unconventional Easing Hopes Lifted Sentiment

Financial markets were affected by Eurozone’s PMI data as the US was Labor Day holiday on Monday. The bloc’s PMI slipped to 45.1 in August, down from flash estimate of 45.3 but higher than July’s 44.0. Italy’s PMI slumped to the 10-month low of 43.6. The set of data indicated that manufacturing activities of the 17-nation region stayed in contractionary territory and further stimulus is required to boost growth.

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Unconventional Easing Hopes Lifted Sentiment