Europe entering contraction?

IHS Markit’s final euro zone composite Purchasing Managers’ Index (PMI), seen as a good gauge of economic health, rose to 50.6 from September’s more than six-year low of 50.1 and above a preliminary estimate of 50.2.
However, the index remained near the 50 mark separating growth from contraction.

“The euro area remained close to stagnation in October, with falling order books suggesting that risks are currently tilted towards contraction in the fourth quarter,” said Chris Williamson, chief business economist at IHS Markit.

A rush to cash usually results.