Asian markets are trading lower this morning after record closing highs on both the S+P500 and NASDAQ failed to ignite markets further. The main reason being that Chinese Manufacturing data missed targets suggesting that the world’s Econ’s largest economy still is showing signs of economic slowdown.
The Hang Seng is currently down 144 points at 5.30am, let’s keep a gauge on this to see how sentiment changes ahead of the European open.
The two day FED meeting starts today with the FOMC statement and rate decision tomorrow. Talks resume in Beijing over the trade agreement and whilst both sides are suggesting a positive outcome in the next two weeks, markets appear less convinced.
I remain long GBP/USD