SCOREBOARD: Manufacturing blues

Wall Street finished mixed after weaker-than-expected US manufacturing data signalled a contracting sector.

Back from the Labour Day holiday, US markets were mixed following a weaker-than-expected manufacturing ISM report. In contrast to forecasts for a rise to 50, the index fell to 49.6 from 49.8. This is the third month below 50 and is a signal for worry. I certainly don’t dismiss it.

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