(Reuters) -
Traders work on the floor at the New York Stock Exchange in New York, U.S., September 12, 2019. REUTERS/Brendan McDermidThings may be coming to a head in British and U.S. politics. Details emerging over President Donald Trump’s interaction with Ukraine’s leader could add more grist to impeachment proceedings against him. The last time a president was impeached - Bill Clinton in 1998 - it took 2-1/2 months between proceedings being brought and the eventual House vote to impeach him.
U.S. shares, bond yields and sterling have all fallen in the past week; the deepening political angst will keep investors on their toes.UPDATE 13-Whistleblower report complains of White House cover-up on Trump-Ukraine scandalGraphic: World Economic Uncertainty Index hits record highWorld Economic Uncertainty Index hits record high,The final quarter of 2019 begins on Tuesday after months of roller coaster moves on world markets.
There have been some warning signals. Non-farm service-providing payrolls grew by 84,000 in August - a slower pace of growth than the 133,000 added in July. And the services employment reading of IHS Markit’s September PMI index slipped below 50 - the mark that separates growth from contraction - for the first time in nearly a decade.
President Xi Jinping is to make a speech, likely featuring the “Chinese Dream” of military strength, national renewal and growing respect for his country on the world stage.
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