US Government Shutdown Enters Eighth Day As trade tensions simmered, Capitol Hill remained in the spotlight. The US Senate fell short of the 60 votes needed to pass a stopgap funding bill on Wednesday, October 8. A prolonged shutdown would likely negatively impact the US economy and raise stagflation risks. According to Kalshi, a betting…
Wall Street’s attention in the week ahead will largely be fixed on a scheduled address from the Federal Reserve Chair, Jerome Powell, alongside the onset of the third quarter earnings season. Economic data, typically a key driver, will take a backseat due to ongoing delays caused by the US government shutdown. Mr Powell is due…
42m agoWed 1 Oct 2025 at 2:22am Market snapshot at midday ASX 200: -0.4% to 8,812 points Australian dollar: -0.2% to 66.0 US cents Nikkei: -1.1% to 44,430 points S&P 500: +0.4% to 6,688 points Nasdaq: +0.3% to 22,660 points FTSE: +0.5% to 9,350 points EuroStoxx: +0.5% to 558 points Spot gold: +0.2% to $US3,866/ounce…
Wall Street is set for a busy week with a plethora of economic data releases scheduled. The primary focus for market participants will centre on the September non-farm payrolls report and the August job openings numbers. Beyond these key employment figures, traders will be closely monitoring releases covering S&P final manufacturing and services PMIs, consumer…
Commenting on the opening of Wall Street, Mark Haefele of UBS Global Wealth Management told Bloomberg that “there are reasons to be mindful” given the current high valuations compared to long-term averages. “After such a strong recent run, a period of consolidation should not come as a surprise, in our view,” he said. In the…
US stock markets hit a wall after an extraordinary run-up adding $15 trillion in value, reaching record levels. This rally was driven largely by expectations surrounding the Federal Reserve’s anticipated rapid interest rate cuts, which have pushed major indexes like the S&P 500, Nasdaq 100, Dow Jones Industrial Average and Russell 2000 to new highs….
Hong Kong stocks wavered on Thursday, tracking Wall Street’s muted finish, after the Federal Reserve signalled a conservative approach on the pace of future easing. The Hang Seng Index slipped 0.2 per cent to 26,860.61 as of noon trading break, after jumping as much as 0.6 per cent to top 27,000 points. The Hang Seng…
President Trump’s move to fire Federal Reserve governor Lisa Cook could roil financial markets, raise uncertainty for investors and heighten concerns that the White House is trying to wrest control of the historically independent central bank, according to Wall Street analysts. Mr. Trump announced her removal in a letter posted Monday night on Truth Social, citing allegations…
U.S. markets were steady Tuesday morning after President Trump said he had removed Lisa Cook from the Federal Reserve’s Board of Governors, an unprecedented move that analysts say could rattle investors. As of 9:45 a.m. EST, the S&P 500 was down 2 points, or 0.1%. Meanwhile, the Dow Jones industrial Average gained 2 points. The…
Intel (INTC) stock gained as much as 3% early Monday morning after President Trump said he loved seeing the price of the chipmaker’s stock go up. Trump’s comments came after Intel and his administration announced last week a deal for the government to take a 9.9% stake in the chipmaker. In a post on Truth…