Source: Hopes of coronavirus slowdown lift Wall Street – Reuters
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Wall Street ends lower after volatile session
Author: NadineMuhammad
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Wall Street ends lower after volatile session
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Weak China PMI Added Concerns over Growth Slowdown
Financial markets opened lower in Asian session Monday, on disappointing Chinese manufacturing data. The official PMI dropped -0.3 point to 49.8 in January the first time below 50 since September 2012. Looking into the details, “new orders” dropped to 50.2 from 50.4, “output” dropped to 51.7 from 52.2 while “finished goods inventory” rose to 48 from 47.8.
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Weak China PMI Added Concerns over Growth Slowdown