Global Markets-Drop Ahead of US Debt Ceiling Vote; China Data Rattles Nerves

31 May 2023

Global shares fell on Wednesday ahead of a crucial vote in Washington on the U.S. debt ceiling, while commodities and the Chinese yuan came under pressure after data highlighted faltering growth in the world’s second-largest economy. Data showed China’s manufacturing activity fell more than expected in May, while services growth — which has been one of the few bright spots…

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