This morning the S&P/ASX 200 (ASX: XJO) (Index: ^AXJO) is trading around 40 points stronger at 5,176 thanks to strong PMI data out of China.
The official PMI index rose to 51.0 last month, ahead of July figures of 50.3 and expectations of 50.6. The numbers appear to have offset the losses experienced in the US as a result of the government’s possible intervention in Syria, although those fears are starting to ease.
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Motley Fool contributor Owen Raszkiewicz does not have a financial interest in any of the mentioned companies.