The Chinese and U.S. manufacturing datas blew away the concerns
U.S. investors stopped their anxiety, after the better-than-expected U.S. manufacturing datas came in. The Chinese and the Australian datas also increased the improving business sentinel.
Although adverse employment datas arrived, the investors were paying attention particularly for the bigger-than-expected expansion of the Chinese manufacturing growth rate, and for the robust second quarter performance of the Australian economy. A half hour after the start of trading, the U.S. indices started to increase, and rather the expected slowdown, the U.S. manufacturing activity accelerated. The ISM index increased to 56.3 points, from the 55.5 points of July.
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