Finance
The China trade started showing signs of fading Tuesday after the country’s economic planning body stopped short of announcing any new major stimulus plans. Zheng Shanjie, chairman of China’s National Development and Reform Commission, shared several actions Tuesday aimed at bolstering the world’s second-largest economy. But he did not announce any major new plans for ensuring…
Futures for soybeans and soyoil slumped as a lack of fresh Chinese stimulus measures sparked selling across markets. A hotly anticipated briefing by China’s top economic planner following the Golden Week holiday ended without new pledges to boost government spending. That sent a gauge of Chinese stocks tumbling in Hong Kong, with oil and other…
The Consumer Price Index (CPI) report, the Federal Reserve’s preferred inflation gauge, is scheduled for release on Thursday, October 10. Current expectations suggest a cooling trend in inflation: The month-over-month CPI is projected to be 0.1%, down from August’s 0.2%. The year-over-year reading is anticipated to drop to 2.3% from August’s 2.5%. Core CPI, which…
China’s top economic planner has solidified Beijing’s commitment to bolstering the economy, by reiterating confidence in achieving the full-year growth target, while the lack of a new big-bang stimulus that the markets had expected does not change the supportive policy direction, according to analysts. Pundits added that more measures may be in store as authorities…
My top 10 things to watch Tuesday, Oct. 8 1. Wall Street was headed for a higher open Tuesday after the S & P 500 had its worst session in a month. U.S. oil prices declined, pausing their recent rally on Mideast tensions. The 10-year Treasury yield pushed higher yet again, staying above 4% 2….
US stock futures climbed before the bell on Tuesday as investors welcomed a pullback in surging oil prices, putting focus back on the ongoing debate over the economy and interest rates. Futures on the S&P 500 (ES=F) stepped up 0.4%, while Nasdaq 100 (NQ=F) rose 0.5% as tech megacaps began to recoup some of the…
U.S. Treasury yields were slightly lower early Tuesday, reversing course after the 10-year hit it highest level in more than two months during the previous session. The 10-year Treasury yield was nudged down less than 1 basis point to 4.02%, while the yield on the 2-year Treasury moved 3.5 basis points lower to 3.969%. Yields…
Florida’s already strained insurance market is still reeling from the destruction of Hurricane Helene, and is now due to face further pressure with Hurricane Milton barreling toward the state. Mark Friedlander, the director of corporate communications at the Insurance Information Institute (Triple-I), told Newsweek that Hurricane Milton is set to be even more burdensome for…
Investing.com – European stock markets retreated Tuesday, tracking overnight weakness on Wall Street as investors reassessed the path of US interest rates as well as the Middle East conflict and regional economic weakness. At 03:05 ET (07:05 GMT), the in Germany traded 0.7% lower, the in France fell 1.2% and the in the U.K. dropped…
Getty Images Shares had jumped by more than 10% as trading restarted after the Golden Week holiday A stock market rally in China has fizzled out as a highly-anticipated announcement on plans to boost the country’s ailing economy disappointed investors. Shares had jumped by over 10% as trading restarted after the Golden Week holiday but…