The Dow Jones Index started a new trading month on a very bearish note as the Index fell -2.84% for the day, shedding about 469 points over the course of the session. The decline in the index comes amid renewed risk-aversion and dented sentiment as traders were cautious on the back of slower manufacturing growth from China and overall weakness in manufacturing PMIs stretching from the United States to the United Kingdom. The Japanese Yen experienced substantial gains, reflecting the softness in equity prices and growing concerns that a risk-off environment is around the corner. Despite the safe-haven flows, the Swiss Franc was trading relatively flat for the day. The S&P500 gave up -2.85% while the German DAX lost -3.10% for the day as the negativity circled the globe.
Global Manufacturing Slows
Analisi Giornaliera - 02/09/2015