Scoreboard: Downgrade dive

European markets and Wall Street dived on a downgrade in the global growth forecast, while major currencies continued to strengthen against the greenback.

In US economic data, the JOLTS index of job openings rose from 4.67 million to a 13-year high of 4.835 million in August. The IBD economic optimism index was unchanged at 45.2 in October, while chain store sales in the latest week were up 5.4 per cent on a year ago, up from the 4.3 per cent annual gain in the previous week.

The International Monetary Fund has trimmed global growth forecasts, tipping 3.3 per cent growth in 2014 (down 0.1 percentage points) and 3.8 per cent growth in 2015 (down 0.2pp).

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