Market Flash – The stock market plunges: is it a feeling of déjà vu?

Edmond de Rothschild
By October 10, 2019 10:50

Market Flash – The stock market plunges: is it a feeling of déjà vu?

Apart from a technical lift on the last day of the third quarter, markets retreated as a fresh wave of bad political and economic news arrived. Both industrial and services ISM data fell much more than consensus expectations. Manufacturing ISM hit a low not seen since 2009 with a sharp drop in new orders. Services ISM, which had been resilient, dipped in September to 52.6 with the employment component falling to 50.4, a five-year low. Europe’s final PMI figures also provided confirmation of softness in industrial sectors exposed to world trade.

Edmond de Rothschild
By October 10, 2019 10:50

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