real-time news and commentary for investors
Tuesday, Oct 1
German factory activity softens
- German manufacturing PMI fell to 51.1 (flash 51.3) in September from 51.8 in August.
- Output and new orders increased at moderate rates, although there was a slight reduction in employment numbers.
- "A robust performance from investment goods producers helped sustain manufacturing growth, while the main drag was from weaker consumer goods production," says Markit.
- DAX +0.6%. (PR)
- ETFs - Stocks: FGM, EWG, GERJ, EWGS, DBGR. Bonds: BUNL, BUNT, BUND, GGOV