📊Sentiment Report | European Session – Mixed Sentiment 🟡
Markets reacted to weak Chinese PMI data with a slight pullback in equities.
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📰Latest Headlines:
🔸 China’s services PMI came in weaker than expected; construction permits in Australia were also soft.
🔸 Trump said he will announce new tariffs on pharmaceuticals next week.
🔸 U.S. Treasury Secretary Mnuchin stated that the first trade agreement should include G10 nations.
🔸 He also noted that Canada-Mexico trade talks are progressing well.
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📊Market Reactions:
📉Stocks:
▪️ Global equities declined slightly in response to weak China PMI data.
▪️ Markets are currently lacking a clear driver, and traders await upcoming data before committing to larger moves.
💱Forex:
▪️ The Australian dollar weakened due to weak construction data.
▪️ NZD gained some strength in contrast.
🟡Gold & Oil:
▪️ Gold edged higher, reaching the $3,360 zone.
▪️ Oil prices also rose slightly following OPEC-related headlines.