The index was up by 0.36% and reversed earlier losses. The Topix also gained 0.18%, and the NASDAQ climbed by 0.21%. The manufacturing PMI in Japan was down for the third consecutive month with a reading 49.0. One of the companies stated that it expected a compounded growth rate of 19% per year over the next three. In response, the stock rose nearly 15% and has risen almost 75% in this year.
Australia's manufacturing sector PMI remained at 49.4 while the services sector PMI remained at 46.7. CNBC Pro: What is the strength of the U.S. Consumer? Also, they named stocks that you should buy.
Dropped 1.8%. He said that a number of countries were able to increase their oil production. The reading for the month was -7. This was a slight improvement from -9 in July, and the Dow Jones estimated -10. Separately the Chicago Fed Survey of Economic Conditions returned a reading of +23. This was better than July’s -31. Dow Jones estimated a 0.2% drop in existing sales. --Jeff Cox