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

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Max Chen contributed to this article.