Market insights for Monday 30th September
Japan’s Nikkei 225 tumbled more than 4% on Monday and the Yen weakened against the dollar as traders reacted to the results of the ruling Liberal Democratic Party election last Friday.
China’s official purchasing managers’ index reading for September came in at 49.8, better than the 49.5 expected. However, this marked a fifth straight month of contraction for the manufacturing sector in China.
Markets in China will only be trading on Monday, before closing for the rest of the week due to the Golden Week holiday.
Market insights for Monday 30th September
More US stocks are participating in the S&P 500’s latest march to record highs, easing concerns over a rally that has been concentrated in a handful of giant technology names for much of 2024.
And Bitcoin has seen one its best months but investors will be anxious of the annual drops on the horizon.
UK and European markets are expected to react to the Israeli invasion of Lebanon and Palestine and gold prices are expected to surge over the next few weeks.
