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On the first day of the fourth quarter, the S&P 500 and Dow indexes recorded their sharpest slide in more than a month, wiping off their third-quarter gains. “What is hard to argue with is that the global manufacturing sector is now very much in a recession,” Deutsche Bank strategist Jim Reid wrote in a note. The Federal Reserve, which cut interest rates for the second time this year in September, indicated that it would rely on economic data to determine future rate cuts. …read more […]

US Economy Stalling, But Economists Say That’s Fine According to the latest divinations by the nation’s mainstream economists, the economy may look like it’s stalling, but it’s really OK because the so-called “stall speed” of the economy has supposedly declined. Meaning, the US economy can continue to creep along very slowly without tipping into recession. […]The post Market Morning: Economy Stalling, Libra Letdown, J&J Settles, Impeachment Heats Up appeared first on Market Exclusive. …read more […]

Top news and what to watch in the markets on Wednesday, October 2, 2019. …read more […]

(Bloomberg) — It’s not shaping up to be a very comfortable start to October. Although we’re only two days into the month, emerging-market assets of most shades were on the back foot again, and for once it was difficult to blame the trade war. This time, analysts pointed to poor manufacturing readings and weaker data across the developing world in general as reasons for the listlessness. There were plenty of idiosyncratic stories to dull the palate too, notably in South Korea, Turkey, Poland, Peru and Brazil.Biggest LoserSouth Korea’s won was the biggest loser in the foreign-exchange market after Pyongyang tested …read more […]

(Bloomberg) — Denmark’s new left-wing government pledged tough laws to control housing costs and singled out Blackstone Group Inc. for “unsustainable” rental practices.Kaare Dybvad, the Danish housing minister, said Blackstone is “challenging” local legislation “where there are holes.” By taking advantage of those holes, the concern is that properties are being bought up and then rented out at prices that Danes are finding increasingly difficult to afford.Speaking in an interview in Copenhagen on Tuesday, Dybvad said that “it’s clear we need to do something about this.”“We’re not going to legislate around an individual firm, but the way this has been …read more […]