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Morning Bid: Bonfire of the vanities
['Thomson Reuters']
Coldwater | WTVB | wtvbam.com
In what’s becoming a regular ritual, Asian markets were the first to digest overnight announcements from the White House on new U.S. import duties, this time on bathroom vanities, lumber, cabinets, and other goods.
And there has yet to be a breakthrough in talks between Trump and congressional Democrats to forestall a government shutdown the same day.
Data out of China and Japan hinted at the toll that trade uncertainty is wrecking on the region’s biggest economies.
China’s manufacturing activity shrank for a sixth month in September, official data showed, while a separate report showed Japan’s factory output fell more than expected in August.
Pan-region Euro Stoxx 50 futures were down 0.07%, German DAX futures slid 0.06%, and FTSE futures edged 0.08% lower.