Reply To: Traders Market Weekly: Markets Rupture with Soaring yields and Fund Outflows

#44706
Truman
Participant

Major European indices trade lower across the board.

British Prime Minister Truss spoke in defense of her economic plan, saying she is willing to take “controversial” decisions to boost growth, while Chancellor Kwarteng pushed back against calls for his resignation.
More European Central Bank policymakers have spoken in favor of a 75-bps rate hike. The Italian government lowered its growth forecast for 2023 to 0.6% from 2.4%.
Eurozone’s September Business and Consumer Survey 93.7 (expected 95.0; last 97.3)
Italy’s August PPI 2.8% m/m (last 5.0%); 40.1% yr/yr (last 36.9%)
Spain’s September CPI -0.6% m/m (last 0.3%); 9.0% yr/yr (expected 10.0%; last 10.5%)