US Purchasing Managers; India’s Economic & Financial Outlook

ISM’s purchasing managers surveys suggest that the manufacturing segment of the economy may be recovering from its rolling recession over the past two years. The stronger services sector continues to do well. Today, we break down which industries’ purchasing managers are represented by the M-PMI and which by the NM-PMI. … Also: Melissa takes us to India, where the stock market is strong and the economy is growing apace as India establishes itself as a global supply hub. But with the India MSCI valued at high levels both historically and relative to other emerging markets’ stock price indexes, bonds may be the best way investors can participate in India’s growth story.