Global stocks tumbled as weaker-than-expected factory data from China, and cheerless US-China trade talks had investors worried while waiting for today's Fed rate decision. There were also indications that trade talks might be delayed until after 2020 elections.
“China is doing very badly, the worst year in 27 – was supposed to start buying our agricultural product now – no signs that they are doing so,” the US President Donald Trump tweeted yesterday. “That is the problem with China, they just don't come through. Our Economy has become MUCH larger than the Chinese Economy is the last 3 years.”
The Nikkei index lost 0.86% on the last trading day of the month settling at 21,521.53 points.
The STOXX Europe 600, which stayed relatively flat during the month, slipped 0.03% in Frankfurt, while UK’s FTSE 100 tumbled 0.32% despite the pound recently hit a 28-month low of 1.2155 against the US dollar.