Bullishness Erased by Weak Eco Data

Optimism brought about by US' debt ceiling limit deal proved to be short-lived as disappointing PMI data across the globe raised concerns over global economic slowdown. After rising earlier in the day, Wall Street ended the day in red with DJIA and S&P 500 losing -0.09% and -0.43% respectively. In the commodity sector, oil prices traded with high volatility, rising initially but reversing gains sharply after the US ISM manufacturing index missed expectations.

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Bullishness Erased by Weak Eco Data