Weaker than expected ISM manufacturing data out of the US, with a reading 49.7 (vs 52 expected). Equities weaker initially on the headline with the DOW now trading 60 points lower, European bourses still in positive territory. US treasuries rally with the 10 year yield a shade under 1.6%. In FX the Euro trades sub 1.26 further consolidating gains from Friday.

 

Posted by Philip Ball | Sales and Trading