Global stock indices tumbled yesterday, following data suggesting that the US manufacturing hit a decade low in September, increasing fears of a steep economic slowdown in Q3. In the UK, PM Boris Johnson is set to unveil a final Brexit Plan in his closing speech at the Conservatives annual conference, but according to leaks and headlines, the offer may be already dead on delivery.
Equities Tumble as ISM Manufacturing PMI Hits a Decade Low
The dollar traded lower against most of the other G10 currencies on Tuesday and during the Asian morning Wednesday. It gained somewhat only against NOK, AUD, SEK and GBP, while it lost the most ground versus CHF, EUR and JPY.
The strengthening of the safe-havens yen and franc suggests that risk appetite was hurt yesterday and indeed, that was the case. Major stock indices were a sea of red, with the...
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