Markets Hit With Deluge Of Dour Headlines As Xi’s ‘Long Struggle’ Warning, ECB’s Muller Add To Malaise

Markets Hit With Deluge Of Dour Headlines As Xi’s ‘Long Struggle’ Warning, ECB’s Muller Add To Malaise

The weekslong rollercoaster ride for US equities continued on the first day of trading in September. The Dow careened more than 1% lower as trade worries, Brexit consternation and data showing the US manufacturing sector contracted last month for the first time in three years combined to undercut fragile sentiment. Although the dastardly ISM report ostensibly bolsters the case for Fed cuts, it also adds to recent doom and gloom around the domestic economy and suggests the global manufacturing
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