What's the Biggest Threat Facing European Growth?
The euro-area economy maintained its momentum in August, with growth showing little sign of being curtailed by fallout from the U.K.’s Brexit vote. A composite Purchasing Managers Index for the 19-nation region rose for a second month to 53.3 from 53.2 in July. That’s above the 50 level that divides expansion from contraction and marks the best reading in seven months. The increase was driven by an improvement in services, while manufacturing activity slipped. Plurimi Wealth CIO and Axis Investment Management CIO Johnny Mehta discuss with Bloomberg's Francine Lacqua on "The Pulse."