In a market wrap, analysts at ANZ Bank New Zealand explained that the equity markets were locked in a sharp sell-off, with concern around how far yields will rise, warnings from the IMF about financial stability risks, and continued trade tensions all driving uncertainty. Key Quotes: “Technology and luxury goods stocks led US declines with confirmation that Sears, once an icon of retail, is to file for Chapter 11 bankruptcy protection adding to negative sentiment.” “At the time of writing, the S&P 500 was down 1.4% and the NASDAQ was down 2.2%. Key European indices closed 1.3%-2.2% lower.” “Easy financial conditions and the risks they pose have again attracted attention.” “There was a clear bid for current account surplus countries with both the JPY and EUR finding support.” “Sterling benefitted from growing expectations that a Brexit deal may emerge next week in time for the October EU Summit.” “WTI fell 2.3% and gold was unchanged.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/CAD Technical Analysis: Breakout above 1.3000 figure can be a game-changer as bulls retake the helm FX Street 4 years In a market wrap, analysts at ANZ Bank New Zealand explained that the equity markets were locked in a sharp sell-off, with concern around how far yields will rise, warnings from the IMF about financial stability risks, and continued trade tensions all driving uncertainty. Key Quotes: "Technology and luxury goods stocks led US declines with confirmation that Sears, once an icon of retail, is to file for Chapter 11 bankruptcy protection adding to negative sentiment." "At the time of writing, the S&P 500 was down 1.4% and the NASDAQ was down 2.2%. Key European indices closed 1.3%-2.2% lower." "Easy… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
