Recession Whispers Now Loud Screams As Europe Stagnates

You probably didn't need further evidence to support the contention that Europe is headed for a recession, but just in case, the final read on IHS Markit's Composite PMI for September slipped to 50.1 from the flash print of 50.4. It's the lowest reading since June of 2013 and effectively means the bloc's economy has stagnated. New orders fell to 48.7, down sharply from 50.5 in August. That's the worst read in more than six years. This is yet another case where the accompanying color sounds