Will Growth of US Equities Continue?
It is expected a positive start of trading on the US stock markets. The S&P and Dow both ended Wednesday slightly higher to post a third record close for the week on the back of stronger than expected service sector reviews, as well as slightly better employment data from ADP.
The pound is weakening against the US dollar, as fears about Brexit continue to weigh on Britain's currency. In addition, the decline in the pound contributed to weak data on car sales in the UK. According to published data of the association of automakers SMMT, the number of new registered cars in the UK fell sharply in September. The fall occurred for the first time in six years. The number of registered cars decreased by 9.3%.