European stocks head for higher open as markets await Fed's latest rate hike decision
China's factory activity in January signaled a further contraction from previous readings, albeit at a slower pace, marking the sixth monthly contraction in a row.
The Caixin manufacturing Purchasing Managers' Index for January came in at 49.2 on Wednesday, a slightly higher reading than December's 49.0 but still missing Reuters' expectations of 49.5 "Both manufacturing supply and demand continued to shrink last month. Fallout from the pandemic was a drag on production and sales," Caixin reported in
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