Market sentiment began with week with a softer tone, as manufacturing PMI in both the US and Eurozone surprised to the downside. Wall Street ended the day lower with DJIA and S&P 500 indices slipping -0.05% and -0.21% respectively. Europe’s Stoxx 600 index dropped -0.39%. US dollar dropped with the DXY index losing -0.1%. The weakness was mainly against Asian currencies such as Japanese yen and Korean won. The greenback remained firm against commodity currencies, gaining 0.08% to 0.5%.
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Market on Risk-Off Tone as Data Show Slowing Manufacturing Activities
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