Reply To: Traders Market Weekly: Inflation Obsession in Worsening Liquidity

#44966
Truman
Participant

Credit Suisse executives have downplayed the speculation and have highlighted “the strong capital base and liquidity position of the bank,” according to CNBC.
UK Finance Minister Kwarteng said the plan to cut taxes for high earners is going to be abandoned. That news provided some support for the pound (GBP/USD +0.3% to 1.1187) and the UK government bond market, which is also contending with S&P revising its outlook to negative on rising fiscal risks.
On the economic front, final September manufacturing PMI readings saw downward revisions from the preliminary estimates for the eurozone, Germany, the UK, and France.
Eurozone’s September Final Manufacturing PMI 48.4 (expected 48.5; preliminary 48.5)
Germany’s September Final Manufacturing PMI 47.8 (expected 48.3; preliminary 48.3)
UK’s September Final Manufacturing PMI 48.4 (expected 48.5; preliminary 48.5)
France’s September Final Manufacturing PMI 47.4 (expected 47.8; preliminary 47.8)
Italy’s September Final Manufacturing PMI 48.3 (expected 47.5; prior 48.0)
Spain’s September Final Manufacturing PMI 49.0 (expected 49.2; prior 49.9)