Market Update: Global Studies Markets Slip Ahead of the UK Parliamentary Vote
The UK Manufacturing Production fell by -0.9% in Oct, raising concerns of a slowdown in the economy. Drop in manufacturing means, less...
Arslan Butt•Monday, December 10, 2018•1 min read
The global stock markets collapsed in losses due to multiple reasons:
1) The UK Manufacturing Production fell by -0.9% in October, raising concerns of a slowdown in the economy. A drop in manufacturing means less finished goods for companies which ultimately leads to fewer sales and revenue.
2) Worries over slowing growth and fears that a rise in tensions between Washington and Beijing could sink chances of a trade deal.
3) Britain’s parliamentary vote on Brexit is also threatening the stock market investors.
- S&P 500 ( SPX ) Futures trades at 2,627.12, down by -0.34%
- Nasdaq 100 trades bearish at 6,613.28, down by -3.30%
- DJIA fell to 24,388.95 by -2.24%
- DAX trades at 10,730.69, down by -0.53%
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ABOUT THE AUTHOR
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Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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