Today – Monday 23rd September 2013
- U.S. stocks down today due to no negotiations in Congress over the debt ceiling, if there’s no deal theres a possibility of a government shutdown.
- Another reason U.S. stocks is down is because theres economic improvement and it’s increasing the chance of the Fed stopping it’s stimulus next month when they have their meeting in October.
- In overseas headlines, China’s HSBC flash manufacturing PMI showed that Chinese manufacturing activity reached a six-month high. Which is giving the Fed more of a reason to slow down it’s stimulus since the manufacturing is increasing in China, shows that theres expansion happening at home since we get a portion of our stuff from China.
Categories: Capital Markets