While Chinese shares did not quite know how to react to Beijing's weekend stimulus update, Wall Street extended its breakneck rally to give Tokyo something...
While Chinese shares did not quite know how to react to Beijing's weekend stimulus update, Wall Street extended its breakneck rally to give Tokyo something to key off when it reopens on Tuesday from a three-day weekend.
Later this week, earnings from American Express, Netflix, United Airlines and Procter & Gamble will show any resilience in consumer spending, which dominates U.S. economic activity, before the release of retail sales data on Oct. 17, the main indicator for U.S. investors this week. The U.S. rate futures market has priced in an 87% chance the Fed will ease by 25 bps at the November meeting, and a 13% chance it will pause and keep the fed funds rate at the target range between 4.75% and 5%, where it has stood since last month's outsized 50-basis-points cut.
MSCI's broadest index of Asia-Pacific shares outside Japan was 0.02% lower late on Monday, with trading in Asia thinned by Japan's holiday and a weaker Hang Seng Index close offset by rallies in the CSI300 blue-chip index and Shanghai Composite Index. Shares of Nvidia closed at record highs, putting the heavyweight AI chipmaker on the brink of dethroning Apple as the world's most valuable company.
Sean ‘Diddy’ Combs’ Legal Troubles, Explained: From ‘Freak-Offs’ to Sex Trafficking Charges to 120 Upcoming Lawsuits
Goldman Sachs Asian Markets Columbus Day Holiday
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Morning Bid: Middle East tensions drive oil pricesOil prices are headed for their largest weekly rise in over a year on Friday, spurred by escalating Middle East tensions that have cast a pall over global...
Read more »
Morning Bid: Hanging on the FedIt's finally decision time for the U.S. Federal Reserve and the market is split on whether it will cut its key interest rate by 25 or 50 basis points, though...
Read more »
Morning Bid: China stocks get a reality check; Europe shuddersGravity brought China's soaring stock market back to earth with a thud on Wednesday. Disappointment about the lack - so far - of follow-through on stimulus ...
Read more »
Morning Bid: Monster payrolls see 10-year Treasury yields top 4%With any thought of U.S. recession off the agenda after a monster September jobs report, doubts about the extent of further Federal Reserve easing have...
Read more »
Morning Bid: Roaring Chinese stocks set for best week in a decadeWill this week be Chinese President Xi Jinping's equivalent of Mario Draghi's famous 'whatever it takes' moment? Only time will tell if China's volley of...
Read more »
Morning Bid: US 'no landing' scenario lifts marketsFrom worries about a U.S. economic 'hard landing', the debate has shifted to the potential for a so-called 'no landing', where the labour market continues to...
Read more »