Investors had plenty to digest today as a slew of economic reports from around the globe dominated the media pipelines. On the homefront, private-sector job growth slowed less than expected in September, while the ISM non-manufacturing purchasing manager’s index, a measure of service-sector activity, unexpectedly rose. Service-sector activity in the Euro Zone however, contracted more in September than in the prior month. But perhaps today’s biggest headlines came from China, as a report on the country’s non-manufacturing activity indicated a slowdown this month, while consumer sentiment declined for a third straight month. Meanwhile, investors continued to remain wary ahead of the release of minutes from the Federal Reserve’s September policy meeting [see 101 ETF Lessons Every Advisor Should Learn]. Global Market Overview: Mixed Economic News Rattle Markets Despite having a rather volatile trading day, U.S. equities managed to eke out modest gains as better-than-expected economic reports helped overshadow sour data from [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Insider: Bears Are Lurking Daily ETF Roundup: Japan Makes Bold Move Daily ETF Roundup: Markets Slump As QE3 Euphoria Fades ETF Insider: Bulls Running Low On Fuel, Catalyst Needed 5 ETF Superstars of 2012
Investors had plenty to digest today as a slew of economic reports from around the globe dominated the media pipelines. On the homefront, private-sector job growth slowed less than expected in September, while the ISM non-manufacturing purchasing manager’s index, a measure of service-sector activity, unexpectedly rose. Service-sector activity in the Euro Zone however, contracted more in September than in the prior month. But perhaps today’s biggest headlines came from China, as a report on the country’s non-manufacturing activity indicated a slowdown this month, while consumer sentiment declined for a third straight month. Meanwhile, investors continued to remain wary ahead of the release of minutes from the Federal Reserve’s September policy meeting [see 101 ETF Lessons Every Advisor Should Learn]. Global Market Overview: Mixed Economic News Rattle Markets Despite having a rather volatile trading day, U.S. equities managed to eke out modest gains as better-than-expected economic reports helped overshadow sour data from [...]
Click here to read the original article on ETFdb.com.
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