Reply To: Traders Market Weekly: Bull or Bear Trap Ahead of the Fed?


Boris Johnson withdrew his name from consideration for leader of the U.K.’s Conservative party, making Rishi Sunak a favorite to win the job. Moody’s lowered the U.K.’s outlook to “negative” from “stable.” The Bank of England plans to hold eight $750 mln bond sales between November 1 and December 31. Workers at the port of Liverpool began a strike that is expected to last two weeks. Germany and the U.K. reported weaker than expected flash Manufacturing PMI readings for October while Services readings from France and the U.K. also missed expectations.
Eurozone’s October flash Manufacturing PMI 46.6 (expected 47.8; last 48.4) and flash Services PMI 48.2, as expected (last 48.8)
Germany’s October flash Manufacturing PMI 45.7 (expected 47.0; last 47.8) and flash Services PMI 44.9 (expected 44.7; last 45.0)
U.K.’s October flash Manufacturing PMI 45.8 (expected 48.0; last 48.4) and flash Services PMI 47.5 (expected 49.6; last 50.0)
France’s October flash Manufacturing PMI 47.4 (expected 47.1; last 47.7) and flash Services PMI 51.3 (expected 51.5; last 52.9)