By Hideyuki Sano
TOKYO (Reuters) – Global stocks fell to a low for the month on Wednesday after US manufacturing activity plummeted to more than a decade ago for the US economy.
<p class = "canvas-atom canvas-text Mb (1,0em) Mb (0) – sm Mt (0,8em) – sm" type = "text" content = "MSCIs worldwide stock measurement <.MIWD00000PUS> the 49 markets, has fallen 0.06% to a low last seen in early September after losing 0.83% in the previous session. "Data-reactid =" 25 "> The MSCI Stock Index <.MIWD00000PUS> covering 49 markets fell 0.06% to a lows last seen in early September after losing 0.83% in the previous session.
European equities are expected to fall, with European stock futures
<p class = "canvas-atom canvas-text Mb (1,0em) Mb (0) – sm Mt (0,8em) – sm" type = "text" content = "In Asia, the MSCI stock index fell (excluding Japan) for the Asia-Pacific <.MIAPJ0000PUS> by 0.6%, with Australian equities <.AXJO> declining 1.3% and South Korean equities declining 1.5% Japanese Nikkei <.N225> The Chinese markets are closed for a one-week holiday. "data-reactid =" 27 "> In Asia, the Asia-Pacific MSCI stock index excluding Japan for the Asia-Pacific <.MIAPJ0000PUS> fell 0.6%, with Australian equities <.AXJO> fell 1.3% and South Korean equities fell 1.5%. Japan's Nikkei <.N225> fell 0.4%. China's markets are closed for week-long holidays.
<p class = "canvas-atom canvas-text Mb (1,0em) Mb (0) – sm Mt (0,8em) – sm" type = "text" content = "Hong Kong's Hang Seng Index <.HSI> fell 0.3% on the previous day's trading day, and the index fell 1.2% in early trading on Tuesday, when Hong Kong police shot dead a youthful demonstrator who was the first to leave the index in nearly four months of turmoil hit by live ammunition in the city governed by China. "data-reactid =" 28 "> Hong Kong's Hang Seng Index <.HSI> fell 0.3% after a March day foliage the day before. The index even fell 1.2% in early trading. On Tuesday, Hong Kong police shot and killed a teenage demonstrator, who was struck by live ammunition for the first time in nearly four months of unrest in China-ruled city.
Data on retail sales in Hong Kong in September are expected later on Wednesday.
] "There is nothing but a dreadful number imaginable here," said Rob Carnell, ING's chief economist in the Asia-Pacific region, adding that he is following events in Hong Kong "with a growing sense of despair."
Asia, North Korea carried out at least one more projectile launch on Wednesday, the day after it was announced that talks will be held on a working level with the United States over the weekend.
<p class = "canvas-atom canvas-text Mb (1.0) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "On Wall Street, the S & P lost 500 <.SPX> 1.23%, reaching a four-week low. "Data-reactid =" 32 "> On Wall Street, the S & P 500  lost 1.23% to hit a four-week low.
The sale was triggered after the Institute for Supply Management's (ISM) factory activity index reached a lows The most closely watched US manufacturing data dropped by 1.3 points to 47.8 points the lowest level since June 2009.
A value below 50 indicates a decline in the manufacturing sector. The markets had expected that the index would rise above 50 again.
(Graphic: US Manufacturing – https://fingfx.thomsonreuters.com/gfx/mkt/12/6830/6761/191002i.png)[19659012<ThedatakamontheproductiondataofEurozoneshowedthestrongestfallbackfastscentenary
"In terms of production prospects, those are for next Weekly scheduled trade talks between the US and China all in. If that works well, we might well have a V "Hirokazu Kabeya, chief strategist at Daiwa Securities, has shaped the recovery of ISM data over the coming months.
"That means we can not just bet on a further downturn in the US economy right now, and I do not think we need to change our view that the US economy remains relatively solid," he added.
<p class = "Canvas Atomic Canvas Text Mb (1.0em) Mb (0) – sm Mt (0.8em)) – sm" type = "text" content = "The bad data has the Fed Funds Rate Futures Price Raised Drastically, With the November Contract
US President Donald Trump once again fought the Federal Reserve on Tuesday, saying the central bank had kept interest rates "too high" and a strong dollar was hurting the US factories.
However, it's another question as to whether the Fed will do so. Lower rates as hastily as Trump and the financial markets want it.
"We do not think the Fed will cut interest rates this month, the Fed is likely to cut interest rates in December, considering the strength of the economy, at which time new tariffs will be introduced for China," Toshifumi said Umezawa, strategist at Pictet Asset Management.
"Given the disagreements between Fed policy makers, it will be difficult to reach a conclusion by next month," he added.
It was not until Tuesday when Charles Fed, president of the US Federal Reserve Bank in Chicago, said that the US Federal Reserve could maintain key interest rates for the time being and that there is scope to raise policy rates slightly over the next few years as the economy continues to grow.
The US dollar slid against a basket of currencies from Tuesday's biennium when the ISM survey shook the notion that the US economy will withstand the trade war.
<p class = "canvas-atom canvas-text Mb (1,0em) Mb (0) – -sm Mt (0.8em) – sm" type = "text" content = "The yen rose from Tuesday's low of 108.47 to 107.85 yen per dollar
<p class = "canvas-atom canvas-text Mb (1,0em) Mb (0) – -sm Mt (0.8em) – sm" type = "text" content = "The Euro was trading at 1.0933 USD
< p class = "Canvas Atom Canvas Text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Gold rose to 1.479,80 USD per ounce
Weak US data pushed oil prices close to one-month low, even though a surprise decline in US crude oil inventories helped them fall back in Asia.
<p class = "Canvas Atom Canvas Text Mb (1.0em) Mb (0) – sm Mt (0.8em) –sm" type = "text" content = "Brent Crude
(coverage by Hideyuki Sano, additional coverage by Noah Sin in Hong Kong, edited by Richard Borsuk and Richard Pullin)