With politicians in both Italy and the US trying to score political points rather than sorting out their economic problems, we are seeing some market weakness.
Michael Hewson discusses the possibility of a disruption in economic data as well as the latest moves in a range of financial markets:
- FTSE 100 – worst performing major index over the last month as political strife spooks markets
- S&P 500 – pulling back but remains above rising trend line as government shutdown may prevent the Fed from tapering this year
- Italy 40 – gapping lower ahead of a key confidence vote but has held above trend line support
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Video content by Michael Hewson of CMC Markets.
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