China lacklustre PMI figures and Italian Deficit Budget Proposal upset markets sentiments

Recent Brexit negotiation between UK and EU were said on the verge of collapse with both sides standing firm on tough issues, so what was at stake standing between them and would UK being global financial hub be easily replaced should Brexit arrive? Dr Po Man Chan, an independent economic analyst and strategist would analyse the situation.

China's manufacturing industry growth receding according to latest PMI Figures. AAP Source: AAP

But first, Global markets fared individually yesterday as Hang Seng suffered a drastic turn of fortune coming back from national day public holiday and Italian Government  outlining a 2.4% budget deficit plan shook European markets sentiments. But Intel in US and Jerome Powell’s speech on US economy continued to lift Dow Jones to new high.