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Reuters

Reuters

Morning Bid: Stocks stunned by ASML curveball, pound plunges

Reuters
Summary
Nutrition label

75% Informative

China 's mainland index and Hong Kong's Hang Seng ended in the red again on Wednesday - both more than 10% off post-stimulus highs.

China 's struggling economy, U.S. investment curbs on its technology sector and a brewing tariff trade war tie all these stories together.

ASML 's big miss knocked Wall St back from record highs on Tuesday , adding to a swoon in energy stocks.

Key developments that should provide more direction to U.S. markets later on Wednesday :

US corporate earnings: Morgan Stanley , US Bancorp , Citizens Financial , Discover Financial , Equifax , Synchrony , Prologis , Abbott Laboratories , CSX , PPG , Kinder Morgan, Steel Dynamics , Crown Castle

US September import/export prices

European Central Bank President Christine Lagarde speaks (Editing by Bernadette Baum ).

VR Score

87

Informative language

94

Neutral language

19

Article tone

formal

Language

English

Language complexity

55

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

Affiliate links

no affiliate links