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Following the best August performance in more than three decades, US stocks continue to find support from positive data. Manufacturing activity showed a sharp acceleration in August with the ISM index expanding to 56. That was well above the market forecast of 54.5 and the highest reading since November 2018. The leading indicator was supported by new orders which increased to 67.6 last month, but the employment component of the index continued to show weakness suggesting that factories are still slow to bring back employees. If the ISM services index due to be released on... Read More
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