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5 Jan 2016
Masses of Global uncertainty to start 2016 - ANZ
FXStreet (Guatemala) - Analysts at ANZ explained that the holidays haven’t done much for optimism as equity markets declined across Asia, Europe and the US.
Key Quotes:
"News wires are reporting on the possibility of growth concerns extending from Asia to North America having triggered the sell-off, after lower-than-expected Chinese PMI data was followed by lacklustre US manufacturing PMI and growing tensions in the Middle East.
The Fed’s Mester, a voting member this year, last night dismissed concerns over the decline in the stock market saying that the US economy’s expansion is “on solid ground”. Important US data, particularly the monthly jobs report, the non-manufacturing ISM and the December FOMC meeting minutes are to be released this week.
These data, combined with the increased geopolitical uncertainty in the Middle East, serve as reminders of the uncertainty surrounding the global economic and financial outlook.
Key Quotes:
"News wires are reporting on the possibility of growth concerns extending from Asia to North America having triggered the sell-off, after lower-than-expected Chinese PMI data was followed by lacklustre US manufacturing PMI and growing tensions in the Middle East.
The Fed’s Mester, a voting member this year, last night dismissed concerns over the decline in the stock market saying that the US economy’s expansion is “on solid ground”. Important US data, particularly the monthly jobs report, the non-manufacturing ISM and the December FOMC meeting minutes are to be released this week.
These data, combined with the increased geopolitical uncertainty in the Middle East, serve as reminders of the uncertainty surrounding the global economic and financial outlook.