Market Comment | Gloomy Eurozone outlook weighed on European equities

Summary

Disappointing economic data in the eurozone, along with lower expectations of China-U.S. agreement dragged equity markets. Meanwhile, bond markets await for tomorrow’s Fed monetary decision.

Key points

• Key points:
• GBP extended its depreciaiton trend due to mounting fears over no-deal Brexit on October 31.
• Eurozone economic sentiment decreased, while France 2Q19 GDP fell short of expectations.
• European equity markets declined sharply.

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