After 9 months characterised by USD weakness, emerging market strength and an outperformance of mega-caps over small caps, last week saw a “role reversal”. In the US, Donald Trump’s tax reform proposal was positively received whilst Janet Yellen confirmed that the market should expect a hike in December. In Europe, politics took centre stage with unrest in Spain and fallout from the German general election.
This week we have monthly PMI numbers.
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