Market Update: Global Studies Markets Slip Ahead of the UK Parliamentary Vote
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.
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