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Below are Views On Global Market by Heena Naik, Research Analyst - Currency, Angel One Ltd

Global Update

- New orders for US-made goods accelerated in August’21, pointing to sustained strength in manufacturing even as economic growth appeared to have slowed in the third quarter because of shortages of raw materials and labor.

- U.S. Senate prepared to vote on a bill passed in the House of Representatives that would extend the U.S. debt limit to December 2022, eliminating one deadlock in Congress that has unsettled investors.

- Japan's services sector activity shrank for a 20th straight month in September’21 as the coronavirus pandemic continued to weigh on sentiment, though the pace of decline eased from the sharp contraction seen in August.

- Chinese banks will be closed in observance of National Day.

- Top U.S. trade negotiator Katherine Tai pledged to unwind some tariffs imposed by former President Donald Trump on goods from China while pressing Beijing to keep its promises.

- Evergrande, the troubled property giant, requested a trading halt over the announcement of a major transaction. The news suggested the company will sell a majority stake in its property management business for more than US$5 billion, a sign that the company is still working on covering its US$305 billion debt.

- Another, Chinese property developer ‘Fantasia’ failed to repay $205 mln debt, adding to fears about financial health of China's real estate sector.

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