The Saudi stock market is in turmoil. Investors are losing their confidence and pulling money out of the country. The disappearance of journalist Jamal Khashoggi, which has brought Saudi Arabia under the spotlight, proved to be a major market event. President Trump vowed “severe punishment” if the journalist was killed. Initially, the country’s Crown Prince, Mohammed bin Salman, denied knowledge about this death.
Overall Negative
Federal Reserve issues FOMC statement – September 26, 2018
Information received since the Federal Open Market Committee met in August indicates that the labor market has continued to strengthen and that economic activity has been rising at a strong rate. Job gains have been strong, on average, in recent months, and the unemployment rate has stayed low. Household spending and business fixed investment have grown strongly.