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Take Five: Be careful out there! World markets themes for the week ahead
If you wanted evidence that the U.S. economy could be rolling over, the surprise miss on the Institute for Supply Management's closely watched manufacturing index was it. Wall Street and Treasury yields slumped after the ISM index turned in its largest drop since the financial crisis in 2008, and investors now bet that the Fed is more likely to cut rates this year than raise them. Services now account for roughly 80 percent of economic activity, and investors will be watching closely on Monday to see if ISM's barometer of that key sector delivers solace or more pain.
https://finance.yahoo.com/news/five-careful-world-markets-themes-012109433.html?.tsrc=rss
If you wanted evidence that the U.S. economy could be rolling over, the surprise miss on the Institute for Supply Management's closely watched manufacturing index was it. Wall Street and Treasury yields slumped after the ISM index turned in its largest drop since the financial crisis in 2008, and investors now bet that the Fed is more likely to cut rates this year than raise them. Services now account for roughly 80 percent of economic activity, and investors will be watching closely on Monday to see if ISM's barometer of that key sector delivers solace or more pain.
https://finance.yahoo.com/news/five-careful-world-markets-themes-012109433.html?.tsrc=rss
