Sentiment Waned on Fed's Tightening Hopes, World Growth Outlook Downgrade

Risk appetite remained soft as hopes for a Fed funds rate hike in December intensified. Meanwhile, OCED became the latest institution to downgrade the global growth forecasts. US dataflow was spare but the labor market condition index fueled further for tightening speculations. Wall Street dropped with DJIA and S&P 500 indices losing -1% and -0.98% respectively.

from Oil N' Gold Focus http://www.oilngold.com/ong-focus/insights/sentiment-waned-on-feds-tightening-hopes-world-growth-outlook-downgrade-2015111031709/