U.S. Investor Risk Appetite Tempered As Apprehension On Rates, October Flash PMI To Provide Fresh Market Guidance

What happened: The S&P Global Investment Manager Index showed US equity investor risk appetite improved in October after deteriorating at the end of the third quarter, while PMI data indicated accelerating economic growth in the US and globally. Key numbers: October IMI; third quarter deterioration. Why it matters: Investors held a neutral view on broad market performance with variations by sector, and sentiment toward the global macroeconomic environment stayed subdued from September.

The S&P Global Investment Manager Index showed US equity investor risk appetite improved in October after deteriorating at the end of the third quarter, while PMI data indicated accelerating economic growth in the US and globally.

Investors held a neutral view on broad market performance with variations by sector, and sentiment toward the global macroeconomic environment stayed subdued from September.