Stocks fall after sterling ‘flash crash’
interest rate hike by year end. REUTERS/Lucas Jackson
The Bank canada goose clearance of England was investigating the cause of the sudden price move, but the currency had already been on track for one of its worst weeks in seven years as some national leaders called for Britain canada goose coats to make a exit from buy canada goose jacket cheap the European Union.
Sterling was last down 1.4 percent against Canada Goose Jackets the dollar at about $1.2436.
think canada goose outlet store locations it a warning shot from the markets to the UK about what type of Canada Goose Online potential volatility in sterling we may see down the line, said Shahab Jalinoos, global head of FX strategy at Credit Suisse in New York. jobs report, the dollar slipped 0.3 canada goose outlet toronto factory percent against a basket of currencies Canada Goose sale after rising to two month highs. The greenback weakened 0.9 percent against the yen. employment growth unexpectedly slowed for a third month in September and the jobless rate rose. Nonfarm payrolls rose 156,000, less than August 167,000 gain, the Labor Department said.
After the report, traders were Canada Goose Parka virtually discounting chances that canada goose store the Federal Reserve would raise rates at its next meeting in November, according to the CME FedWatch website. But they saw a roughly 70 percent chance for a rate canada goose black friday sale hike in December, slightly higher than bets from a day earlier. central bank to canada goose raise rates.
Markets have been dominated by central bank policy, including a shift from the Bank of Japan last cheap Canada Goose month, resurgence in talk of the European Central Bank possibly tapering its bond buying program, and the outlook for a Fed Canada Goose online rate hike.
A worker shelters from the rain as he passes the London Stock Exchange in the City of London at lunchtime October 1, 2008. equity indexes closed down after the jobs report canadian goose jacket but came off canada goose deals of session lows.
The Dow Jones industrial average fell 28.01 points, or 0.15 percent, to 18,240.49, the S 500 lost 7.03 points, or 0.33 percent, to 2,153.74 and the Nasdaq Composite dropped 14.45 points, or 0.27 percent, to 5,292.41.
a fear in investors that the Fed may be looking at raising rates again into a slowing economy, a replay of last December, said Bucky Hellwig, senior vice president at BB Wealth Management in Birmingham, Alabama. easier to step to the sidelines and wait to canada goose replica see what happens, if that transpires or not.
Materials and industrials were the worst performing S sectors, pulled down by disappointing financial updates from chemical company PPG Industries and diversified manufacturer Honeywell.
MSCI gauge of stocks canada goose coats on sale across the globe fell 0.3 percent.
The pan European STOXX index shed 0.9 percent. Shares of vouchers company Edenred tumbled canada goose clearance sale after a brokerage downgrade on the stock.
But Britain FTSE 100 index rose 0.6 percent, buy https://www.canadagoose-coats.ca canada goose jacket propped up by the 2018 canada goose outlet fresh slump in sterling.
Oil futures fell as players Canada Goose Coats On Sale took profit following Canada Goose Outlet a strong rally this week spurred by hopes of OPEC output cuts.
Additional reporting by Richard Leong, Chuck Mikolajczak, Barani Krishnan and Karen Brettell in New York and canada goose outlet toronto factory Vikram Subhedar in London; Editing by Bernadette Baum and James Dalgleish.