The Latest News:
- Global stocks are largely lower amid concerns on the U.S. interest rate outlook, weak Chinese growth and Scotland independence vote, Fox Business reports.
- Two San Francisco Fed economists stated that the public believes the Fed will maintain the near-zero rate policy for longer than Fed board members.
- With the Fed Open Market Committee announcement due next week, the markets may be overlooking potential risks that the central bank could hike rates sooner-than-anticipated.
- In China, manufacturing activity declined in August while imports unexpectedly shrank 2.4%, reflecting a slowdown in domestic demand.
- “Global equities have retreated with the wall of worry across major economies sending investors into a cautious mode. There are a number of key issues plaguing sentiment at the moment, including a more hawkish Fed, a struggling China economy, the Scottish referendum and potential hiccups for the ECB’s stimulus plans,” strategist Stan Shamu of IG Markets said in a report.
- Meanwhile, markets were riled on the possibility that Scotland may sever ties with the United Kingdom in an independence vote next week.
JPMorgan Diversified Return Global Equity ETF
For past stories in this series, visit our ETF Spotlight category.
Max Chen contributed to this article.