PRESS ROOM
Improvement in US economic data helps lift sentiment
Thursday 08th April '21
Equity markets have welcomed US economic data for March. Both manufacturing and services Purchasing Managers’ Indices (which are month on month measures of economic activity) have continued to be expansionary. Unemployment has fallen while consumer and business confidence indicators have improved (source: Trading Economics). Both the S&P 500 Index and the NASDAQ Composite Index have responded positively to the data at the start of April.