Weak US manufacturing data and a new warning about the federal debt ceiling shook financial markets, underlining the enduring risks to the world’s largest economy in 2014.
The S&P 500 dropped by as much as 1.8 per cent after a sharp fall in the manufacturing ISM index from 56.5 in December to 51.3 in January, a level consistent with only modest growth in output.
Markets also had a reminder about dangers from fiscal policy as Jack Lew, the US Treasury secretary, issued an urgent call for Congress to raise the debt ceiling by the end of the month.
您已閱讀18%（549字），剩余82%（2507字）包含更多重要信息，訂閱以繼續探索完整內容，并享受更多專屬服務。