Monday, November 2, 2020

Global Stocks Point Higher Following Positive China Factory Data

Despite China's notoriously deceitful numbers, they might be telling the truth this time…

Published: November 2, 2020

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Global Stocks Point Higher Following Positive Chinese Data 

Global stock markets traded higher this morning after positive developments in Chinese and European manufacturing. However, investors are worried that new safety measures to control COVID-19 might put a damper in this. 


Europe's industrial output report reiterated an increase seen in the Caixin manufacturing PMI, an indicator designed to give an overall view of China's manufacturing sector, evidence that demand is hanging in there. 


Despite China's notoriously deceitful numbers, there's no reason to believe they're not giving us the whole truth...


In today's video, you'll also see the biggest factors driving election week… what the stock market is telling us about the winner… what to expect from the market over the next few days… which index is leading and which ones are following… and my top three stocks to buy in light of election uncertainty. 

Get today's market action

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