Markets in Details: 23 September 2019

23 September, 2019

The market sentiment is taking a hit on Monday after U.S. President Trump called China a threat to the world and dismissed the possibility of a near-term trade deal on Friday at a press conference.  While crude oil held steady at 58, gold and treasuries gained during Monday’s session as investors sought haven assets.

Investors’ risk-off attitude is also attributed to the weaker than expected manufacturing reading from Germany and Europe. Germany’s manufacturing recession sank deeper and its services sector posted a marked slowdown.  The country’s composite PMI for September fell to 49.1 versus 57.1 in August, showing a contraction.

Despite the gloomy outlook for Europe and China, the U.S. economy is still moving at a steady pace. U.S. manufacturing PMI registered a 51 in September, still expanding despite the trade war. The latest reading showed the U.S. manufacturing stage a recovery helped by strong new order growth and output rate. However, export orders continue to deteriorate dropping for the fourth month.


Source  
Wall St. bullishness returns20 Nov, 2019  

Chile's $300bn a year economy that has been running at a rate above 3% YoY is now expected to shrink as early as this quarter due to widespread...

Continued China Weakness13 Nov, 2019  

China reported new bank loans dropped to the lowest level in two years as manufacturers held back due to trade uncertainties and signs of weak demand...

Trade progress expectations fuel market strength6 Nov, 2019  

US major indices close at record-breaking highs on reports of progress in talks with China and increasing confidence in economic growth...


Markets in Details: 18 September 201918 Sep, 2019  

Oil prices dropped after an update by the Saudi government that normal crude production levels could be regained within two or three weeks...

Markets in Details: 02 September 20192 Sep, 2019  

The amount of worry concerning global economic growth appears to be increasing at the start of the week. The drop in China's PMI on...

Markets in Details: 22 August 201922 Aug, 2019  

Recession fears are creeping back in on Thursday. After a mixed session for major equity indices in Asia and Europe, U.S. markets opened...


Markets in Details: 21 August 201921 Aug, 2019  

Strong earnings reports from retailers like Lowe’s and Target are pushing markets higher in the U.S., reversing the 170-plus point loss on Tuesday...

Markets in Details: 20 August 201920 Aug, 2019  

Investor sentiment reversed after a number of negative headlines hit the wires on Tuesday. U.S. Secretary of State Mike Pompeo said...

Markets in Details: 19 August 201919 Aug, 2019  

Global equities are strengthening on Monday as traders are put at ease by positive comments from several big names from the White House...