FTSE 100 gives up 1.05% at 27,041 as investors digest the Fed decision and Pound jumps at 1.2957. During the Asian trading session China’s manufacturing PMI contracted for a sixth consecutive month as it dropped to 49.3 in October from 49.8 in September to 49.3 in October, and below forecasts of 49.8. The non-manufacturing PMI came in at 52.8, below expectations of 53.7. European Monetary Union Unemployment Rate came in at 7.5%, topping expectations of 7.4% in September. European Monetary Union GDP s.a. (quarter over quarter) came in at 0.2%, also topping forecasts of 0.1% for 3Q. The European Monetary Union Consumer Price Index – Core (year over year) came in at 1.1%, above expectations of 1% in October.
Peugeot slumps while Fiat Chrysler jumps higher after the two carmakers agreed to a merger that will result in the fourth-largest automaker in the world.
UK heads to general election in December that increases the uncertainty for the short term but might clarify the political situation for 2020.