Soft Wall Street weighs on world markets
Weak US economic data weighed on Wall Street Tuesday, in turn triggering profit-taking in European markets which were also worried about weaker oil prices.
As fears about the economic impact of Britain’s EU exit begin to ease, a rallying pound also helped push London’s benchmark FTSE 100 lower.
After opening higher off a public holiday, US shares turned negative as fresh data indicated the US economy’s huge service sector unexpectedly slowed in August.
Although the ISM’s
Read more »