Equities fall as US data disappoints
US indices tumbled on the first day of a new quarter as US data missed estimates. Protests in Hong Kong on China’s National Day turned violent. No progress is reported in any Brexit deal.
US30USD Daily Chart
The index fell the most in 5-1/2 weeks yesterday after the US ISM manufacturing PMI hit 47.8 in September, the lowest since 2009.The index closed below the 55-day moving average at 26,585 for the first time since September 4.The private is seen slipping to +140k in September after a +195k print in August. Fed’s is due to speak today.DE30EUR Daily Chart
The index snapped a four-day winning streak yesterday as a positive start was negated by the poor sentiment on Wall Street.The 100-day moving average is at 12,131 and has supported prices since September 6. The 55-day moving average is just below at 12,064The index closed lower despite upward revisions to both German and the Euro-zone’s flash PMI readings for September. Germany’s rose to 41.7 from 41.4 while the ’s edged higher to 45.7 from 45.6. There are no data releases scheduled for today.UK100GBP Daily Chart
The index fell the most since August 23 yesterday as weakness on Wall Street filtered through and the Brexit deadline gets closer without any kind of deal being proposed.The index closed below the 55-day moving average at 7,324 for the first time in a week. That moving average is at 7,320 today.The final Markit showed the first improvement in six months, rising to 48.3. Today we get to see the final PMI reading for the construction sector, which was at 45 at the first estimate.Original Post
