Wednesday, 25 September 2019

Markets mixed amid political concerns in the US and Europe

Markets were mixed on Tuesday.

The S&P 500 fell 0.8 percent, the STOXX Europe 600 was flat and the Shanghai Composite rose 0.3 percent.

US stocks fell amid worries that President Donald Trump will face an impeachment inquiry over his alleged political pressure on Ukraine's leader Volodymyr Zelensky to investigate Democratic presidential hopeful Joe Biden’s family.

US stocks were also weighed down by disappointing consumer confidence data. The Conference Board's consumer confidence index fell to 125.1 in September from 135.1 in August.

In Europe, uncertainty over Brexit lingered as the UK Supreme Court ruled that the British prime minister’s suspension of parliament was unlawful.

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