Market sentiment soured as Chinese economic indicator showed further weaknesses in the economic growth outlook. Meanwhile, comments from Fed’s Dudley and Williams that a rate hike by this year remains on track added more pressure on the stock markets. Wall Street’s declined with DJIA and S&P500 indices losing -1.92 and 2.57% respectively.
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Financial Markets Slumped as Chinese Data Signaled Further Deterioration in 3Q
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