Futures begin September on dull note as slowdown worries escalate

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Reuters

(Reuters) – Futures tied to U.S. stocks on Thursday started September on a dour note as weak factory activity surveys from Europe and Asia amplified fears of a global economic slowdown. Rising borrowing costs, high inflation, the fallout of the Ukraine war and China’s COVID curbs led to tepid manufacturing activity across Germany, Britain, Japan and China, although there were signs of easing cost pressures. In the United States, the Institute for Supply Management’s report, due at 10 a.m. ET, is expected to show manufacturing activity dropped to 52.0 last month from 52.8 in July, the lowest re…

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