U.S. factory activity slipped in July and consumer spending advanced at its slowest pace in four months in June, indicating the economy lost some momentum recently. The sluggish economic data did not change economists' expectations that the Federal Reserve will hike interest rates this year, given a tightening labor market. "We expect growth momentum to re-accelerate over the next few months, providing the Fed with the necessary confidence they need to raise rates in September," said Millan Mulraine, deputy chief economist at TD Securities in New York.
NEW YORK (Reuters) - U.S. stocks ended lower on Monday as tumbling oil prices dragged energy shares to a three-year low and factory data from China added to concerns about weakening growth in the world's second-largest economy.
The main Athens stock index ended down 16.2 percent, recovering slightly after plunging nearly 23 percent at the open. All five shares comprising the index - National Bank of Greece , Alpha Bank , Piraeus Bank , Attica Bank and Eurobank - were locked down for much of the session at the limit with no buyers. The banks have been propped up by emergency money from the European Central Bank.