IHS Markit Ltd
On June 5, JPMorgan Chase, IHS Markit, and others released May’s consolidated services purchasing managers’ index data for 22 countries.
Although manufacturing accounts for just 16% of global GDP, manufacturing activity remains a key leading indicator for cues about the health of the economy.
Two PMI measures, the Caixin/Markit (INFO) PMI and the index released by the National Bureau of Statistics or NBS, showed slowing growth in China’s manufacturing sector.
While March’s PMI numbers came out on April Fool’s Day, April’s numbers came out on May Day today. Here’s what you need to know.
Credit Suisse slashed SPY’s target for the end of 2019 from 3,350 to 2,925 in December. The previous target was the most bullish outlook.