
German economy continues to struggle as Volkswagen announced factory closures. | MarketTalk: What’s up today? | Swissquo
The new week started with caution. The US and Canada were off, and news from Europe weren’t exceptional. The data released on Monday showed that the manufacturing PMI figures for August were slightly higher than expected, but numbers in major Eurozone countries remained below 50, in the contraction zone for another month. Volkswagen announced unprecedented factory closures in Germany. But the European indices gained, along with the euro. Mood is different this morning, with the US dollar broadly in demand against major peers.
All eyes are on the US jobs data this week. Investors around the world needs the Federal...