MARKET OPEN: Improving manufacturing data to keep investors on front foot

Wed, 02 Sep 2020

Investors will be more upbeat as improving manufacturing data in China and the US helps ease fears of a slowdown in demand from New Zealand’s major trading partners. ISM data showed US factory activity expanded for a third straight month to a reading of 56.0 in August, the highest since November 2018. The data follows news China’s Caixin manufacturing PMI, which surveys a greater proportion of small and medium-sized firms than the official PMI, rose to 53.1 in August from July’s 52.8. It was the highest level in almost a decade. “The...

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