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Quick Update on Stock Markets as US Government’s Partial Shutdown Continues

Global stock markets slipped on Monday after a series of fundamentals are placing a bearish pressure on the market.

  • The S&P 500 ( SPX ) trades bearish at 2,574.12 down -0.80%.
  • Nasdaq 100 fell to trade at 6,601.40, down by -0.30%
  • DAX slipped to 10,831.55, falling nearly -0.51%

The contraction in Chinese exports led to intensifying cracks in the world’s second-biggest economy. This increased concerns of a sharper slowdown in global economic growth and corporate profits.

Most importantly, don’t forget about the US government partial shutdown. It’s now been the 24th day since the government closed partially and about 800,000 federal employees were forced to go on unpaid leave. Fewer salaries mean less spending and that’s bad for corporate sales.

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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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