(RTTNews) – European stocks are likely to open lower on Wednesday as a chaotic first U.S. presidential debate between President Donald Trump and Democrat Joe Biden weighs on the mood.
Though Trump and Biden battled fiercely over issues concerning the coronavirus pandemic, the economy and taxes, the first presidential debate offered few insights into the outcome of the U.S. election.
Asian markets are trading mixed despite encouraging data from China and positive data regarding a potential coronavirus treatment from Regeneron Pharmaceuticals.
The manufacturing sector in China continued to expand in September, albeit at a slower rate, the latest survey from Caixin revealed with a manufacturing PMI score of 53.0, down from 53.1 in August.
Output growth eased but remained marked, while there was a sharper increase in total new work as export sales rebounded.
China’s purchasing managers’ index for nonmanufacturing businesses rose for a seventh month in September, with the