New Overnight Developments Abroad - Daily Update
Growth Concerns and An Indian Election that Didn’t Pan Out Quite As Expected
June 4, 2024
Yesterday’s May U.S. factory PMI release from the Institute of Supply Management surprised investors with a 3-month low 48.7 overall reading and a 7-month low score of 45.4 in new demand. In conjunction with last Thursday’s downward revision of U.S. first-quarter GDP growth to a 7-quarter low of 1.3%, this latest softer-than-anticipated data point continued […] More
