Stocks fall after weak ISM data The markets are moving lower after the ISM non-manufacturing index came in weaker than expected for January. Jeff Rosenberg, BlackRock chief market strategist for fixed income, discusses central bank policy and the markets.
GLOBAL ECONOMY-Private businesses start 2016 on weak footing *Euro zone final Jan composite PMI 53.6. *China services growth partially offsets factory weakness. LONDON, Feb 3- The private sector began 2016 on a slightly weak note around the world, and with scant signs of inflation picking up, pressure will remain on central banks to keep or even ease their already ultra-loose monetary policies, surveys showed on Wednesday.
| By: Jonathan Cable
Eurozone economy 'losing steam' amid market turmoil Financial information company Markit said its purchasing managers' index— a broad gauge of activity across both the manufacturing and services sectors— fell to a four-month low of 53.6 points in January from 54.3 the previous month. According to Markit, that means the region has started off the year growing at a modest 0.4 percent quarterly tick.
Source: The Associated Press
China can deal with global economic challenges - state planner BEIJING, Feb 3- China will be affected by the unstable global economic conditions in 2016 but will have the ability to cope with the challenges, the country's state planner said on Wednesday. Xu Shaoshi, head of the National Development and Reform Commission, was speaking to reporters at a briefing. His comments came after recent data showed China's economy was...