After US equities fell yesterday, President Trump blamed the manufacturing slowdown on the Federal Reserve allowing the dollar to strengthen.
World stocks dropped on Wednesday after US manufacturing activity slumped to a decade low, fanning fears of a global slowdown and greater fallout from the US-China trade war. The Institute for Supply Management recorded a 1.3-point decline in US factory activity to 47.8 last month, after IHS Markit found German manufacturing activity dropped to a seven-year low in September. Escalating protests in Hong Kong and continued Brexit uncertainty also weighed on market sentiment.
World stocks dropped on Wednesday after US manufacturing activity slumped to a decade low, fanning fears of a global slowdown and greater fallout from the US-China trade war. The Institute for Supply Management recorded a 1.3-point decline in US factory activity to 47.8 last month, after IHS Markit found German manufacturing activity dropped to a seven-year low in September. Escalating protests in Hong Kong and continued Brexit uncertainty also weighed on market sentiment.
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