(Bloomberg) -- Asian stocks edged lower as fresh doubts emerged on whether the Federal Reserve has finished tightening policy, with gains in US shares...
-- Asian stocks edged lower as fresh doubts emerged on whether the Federal Reserve has finished tightening policy, with gains in US shares limited by a rise in bond yields.Private Credit Giants Are Butting Heads Over a Hot New Asset Class
Wall Street’s Monday malaise came after it notched its best week of 2023 amid dovish Fed bets, oversold technical levels and positioning. Traders are now predicting the central bank will lean against the recent easing in financial conditions by saying it will keep its options open on policy. “We’re in a trading range probably for the next month or so until we get clear indications on what inflation’s going to really do, core inflation, and what the Fed’s going to do,” Max Wasserman, founder and senior portfolio manager at Miramar Capital, told Bloomberg Television. “We’ll find out either way though. We’re through the majority, if not all, the Fed tightening.”
Elsewhere, oil held a modest advance after Saudi Arabia and Russia’s announcements that they would prolong supply cuts through the end of the year were balanced by a worsening demand outlook.Tesla Inc. will produce a new model that will cost €25,000 at its factory near Berlin, Reuters reported, as competition intensifies to produce more affordable electric vehicles for the European market.
Rated lowest margin fees by StockBrokers.com. Borrow against your securities at low cost. Rates subject to change. Your capital is at risk.Former White House chief of staff Mark Meadows is being sued by his publisher for contradicting his book's claim about the the 2020 election. All Seasons Press alleges that sworn testimony by Meadows undermined “The Chief's Chief,” in which he wrote that the election was stolen from former President Donald Trump.
November is typically the best month for stocks. A quirk among mutual funds may explain the weird phenomenon and point to big gains into year's end
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