Economic data pressures global markets
▪️ American and European economic data played a direct role in pressuring global stock indices, amid investors' monitoring of corporate earnings results, alongside assessing inflation data in the United Kingdom.
▪️ On 'Wall Street', the main indices opened lower as investors awaited the results of an important discussion regarding the tax reduction bill proposed by U.S. President Donald Trump, which raised concerns about the increasing debt of the United States. The Dow Jones Industrial Average fell by 1.88%, the S&P 500 dropped by 1.65%, and the Nasdaq Composite declined by 1.57%.
