Investors Uneasy about Several Recessionary Risks

Preliminary September purchasing manager survey results out today attest to deepening economic weakness in Europe. Euroland’s composite PMI reading of 47.1 after 46.7 in August and 47.0 in July are consistent with a 0.4% quarter-on-quarter drop in GDP in 3Q. Such would represent a fourth straight listless quarter following a 0.1% dip in the final […]