Market moving daily news roundup – events & news likely to move markets 2nd September 2019
Company performance, economic and political events but especially market sentiment will always influence market movement, good or bad.
Economic calendar – scheduled news and events 2nd September 2019
Wall Street closed for holiday
Australia – manufacturing PMI data due
China – manufacturing data due
Italy – manufacturing data due: 08:45 BST
France – manufacturing data due: 08:50 BST
Greece – manufacturing data due: 09:00 BST
Germany – manufacturing data due at: 08:55 BST
EU – manufacturing data due: 09:00 BST
UK – manufacturing data due: 09:30 BST
Main news points
New U.S. – China trade tariffs came in to force 1st September 2019. China holds most tariffs until December. Asia markets mixed. Japan’s Nikkei closed down at: 20620. Uncertainty persists in Hong Kong. A report suggests China’s factory activity unexpectedly expanded in August.
Argentina imposes currency controls to support economy as crisis deepens. A Brexit ‘Get ready’ advertising campaign launches today. Sterling continues to slide. FTSE 100 up 60 points at: 11:05 2nd September 2019. Is this a fragile start to a new month – more volatility to come?
UK manufacturing output falls
UK manufacturing output fell at the fastest rate in seven years last month. Brexit uncertainty and the continuing threat of a global economic slowdown are to blame. Is Boris Johnson planning a ‘snap’ election? M&S shares fall today as fears of the company being dropped from the FTSE 100 rise.
Sterling continues its decline today pushed further down by rising concerns that an early election could be called. Quite often is the case that as Sterling falls the FTSE 100 rises – today is no exception. The FTSE 100 closed up at: 7282.
No early election says Johnson
Boris Johnson said in a statement today that Brexit deal chances are rising and that he does not want a general election. He also urged members of parliament not to vote for legislation to block a ‘no-deal’ Brexit.
Stock market indices update, 2nd September 2019
Closing positions of: FTSE 100, DAX, DOW, S&P 500, NASDAQ, NIKKEI & GOLD
Main points update
FTSE 100 – closed at: 7282
DAX – closed at: 11954
DOW – closed for Labour Day
S&P 500 – closed for Labour Day
NASDAQ – closed for Labour Day
NIKKEI – closed at: 20620
GOLD – closed at around: $1,538
Key: Green highlight markets move up. Red highlight markets move down. All values rounded.