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‘A Weak Start To Q4’: JPMorgan Global PMI Prints Lowest Since February 2016, Employment Dives Into Contraction
The mood in markets is approaching euphoria thanks to thawing trade tensions and the prospect of central bank easing finally manifesting itself in better real economic outcomes, but the global economy started the fourth quarter on shaky footing.
That's the message from the JPMorgan IHS Markit global composite PMI which printed 50.8 for October, tied for the second-weakest level in seven years, and the worst read since February of 2016, when the world was still coping with the fallout from the y
So buy everything! /s