08-02-2016
Weekly comment MM Prime TFI - February 8, 2016
Despite the fact that the economic data readings did not fail, the first week of February was dominated by bears – the NASDAQ decreased by 6.0%, the S&P500 fell by 3.8% and the DJI went down by 1.6%. In Europe, the stock markets ended the week in the red as well – German DAX declined by 5.2%, French CAC40 fell by 4.9% and British FTSE250 decreased by 2.9%. The latest data from Chinese economy improved the market sentiment. The industrial PMI for January, calculated by Caixin Media and Markit Economics, increased slightly to 48.4 pts. Moreover, the services PMI took off sharply to 52.4 pts.