Global wrap: EU and UK are “a long way apart on two issues - ANZ
|In a market wrap, analysts at ANZ Bank New Zealand Limited explained that UK PM May’s comment that the EU and UK are “a long way apart on two issues” saw the FTSE 100 rise 1.7% with a view that BoE would need to remain accommodative.
"The US Flash manufacturing PMI came in a tad stronger than expected, with strong details (new orders, new export orders, output and backlog of orders up, and some evidence of inventory build in intermediate goods ahead of tariffs). It suggests manufacturing growth will remain elevated over the coming months. On the other hand the services PMI was unexpectedly weaker. Meanwhile European Flash PMIs were generally a little softer in September, while remaining well above 50, signalling expansion."
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