Market focus is largely attuned to global central banks, amid expectations the ECB and the Federal Reserve could soon cut interest rates.
The global economy is expected to expand by 3.2% in 2019, the fund said Tuesday. That's 0.1% lower than its previous forecast, as the Washington-based institute cited ongoing concerns about the U.S.-China trade war,In the U.K., Boris Johnson will begin the process of forming his government later in the session, as he enters Downing Street to officially succeed Theresa May as prime minister.
The new Conservative Party leader has insisted the U.K. must leave the EU by the October 31 deadline "On the data front, investors are likely to closely monitor the latest flash readings of Markit services PMI for France and the broader euro area Wednesday morning. The U.K.'s Confederation of British Industry is also expected to report its business optimism index for the third quarter at around 11:00 a.m. London time.
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