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Global Markets Paying Little Heed to Softer PMIs, Says Scotiabank
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Global Markets Paying Little Heed to Softer PMIs, Says Scotiabank
Sep 23, 2025 5:16 AM

07:59 AM EDT, 09/23/2025 (MT Newswires) -- Global markets early Tuesday are generally paying little heed to softer PMIs that are signalling a deterioration in global growth, said Scotiabank.

There is a slight bid to United States Treasuries and United Kingdom gilts, but little change across eurozone government bonds, noted the bank.

Currencies are mixed with the post-Riksbank policy cut, resulting in the krona (NOK) outperforming, stated Scotiabank.

Equities are mixed with U.S. futures flat, but most other European benchmarks are a touch higher and with Tokyo closed for a holiday, added the bank.

Central bank speak will also factor into markets, with Federal Reserve Chair Jerome Powell and Bank of Canada Governor Tiff Macklem on tap to talk later Tuesday, pointed out Scotiabank.

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