Wall Street

Marketmind: PMI, PMI baby

Published by
Reuters UK

By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Asian markets are looking to round off the week on a positive note on Friday, with regional stocks on course to chalk up their fourth straight weekly rise. The relative calm may not last, however, if recession risks and fears accelerate. There are good reasons to believe this is in the cards. Indications from the initial batch of November purchasing managers index (PMI) data released so far show that private sector business activity is weaker than forecast and in many countries is contracting, most nota…

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