Wall St set for a dull start to September on growing slowdown worries

BENGALURU: U.S. stock indexes were on Thursday set to begin 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 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.