Global stock market today saw major benchmark indices and key stocks decline sharply influenced by fresh geo-political woes. Aside from the usual Brexit and Sino-U.S. trade war woes, decline in Argentina Peso influenced by election results and stock market rout
Amid rising geopolitical tensions from multiple fronts, Asian and European equities are seeing mixed price action with dovish bias. Brexit woes ahead of deadline continue to add bearish bias to investor sentiment. Macro data updates eyed for short term directional bias.
Global equity market is seeing two tone price action ahead of American market hours as headlines and investor sentiment based price action dominated price rally. Forex market continues to see range bound action owing to lack of directional bias ahead of FOMC Update.
Gains were capped in the broad market despite increased risk appetite as investors are cautious ahead of next week’s major political events but bulls pushed for sharp upside move supported by weak USD owing to partial US government shutdown.