With U.S. Treasury markets closed on Monday, Wall Street stocks are set to cruise on higher into the unfolding corporate earnings season - but may first have...
FILE PHOTO: A street sign for Wall Street is seen outside the New York Stock Exchange in Manhattan, New York CityWith U.S. Treasury markets closed on Monday, Wall Street stocks are set to cruise on higher into the unfolding corporate earnings season - but may first have to take early direction from China 's weekend stimulus update.
A little short on the sort of details investors had been betting on, Finance Minister Lan Foan reiterated Beijing's broad plans to revive the ailing economy, with promises made on increases to government debt and support for consumers and the property sector. What's more, China's exports missed too - growing at the slowest pace in five months in September and suggesting manufacturers are no longer rushing out orders ahead of tariffs from trade partners. But at a paltry 0.3%, annual imports growth slowed too and were a third of expectations.
Speculation over how Israel will respond to recent Iranian rocket attacks continues to simmer, however, with attention on Monday focussing on a U.S. decision to send both U.S. troops and anti-missile systems to Israel The euro ebbed slightly into the ECB decision, with another quarter point cut in the official deposit rate to 3.25% now more or less fully priced.
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