An early burst of positive sentiment - or relief - after the U.S. Congress agreed a last-minute deal to prevent a partial federal government shutdown could give Asian markets a boost at the open on Monday. But Chinese purchasing managers index data over the weekend, which pointed to mixed levels of services and manufacturing activity last month, may put a dampener on that.
- A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist.
Investors will be looking to start the fourth quarter on a positive note after a pretty awful third quarter. Stocks, bonds and non-dollar currencies around the world mostly fell, to varying degrees, as investors adjusted to the idea that U.S. interest rates will not come down as quickly as they had hoped.
The next step is for growth to re-accelerate after coming in well below forecasts all year. Economic surprises are still negative, but have recovered from the lows of the summer, levels that were historically consistent with periods of extreme economic and financial stress - 2008, 2015 and 2020. Meanwhile, the Reserve Bank of Australia, Reserve Bank of New Zealand and Reserve Bank of India are all expected to keep their key interest rates on hold at 4.10%, 5.5% and 6.5%, respectively. All eyes are on policymakers' guidance.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US Congress tees up votes in last-minute scramble to avert shutdownBy Andy Sullivan and David Morgan WASHINGTON (Reuters) - Lawmakers return to the U.S. Congress on Saturday with no clear path to resolving a squabble ...
Read more »
US Congress tees up votes in last-minute scramble to avert shutdownBy Andy Sullivan and David Morgan WASHINGTON (Reuters) - Lawmakers return to the U.S. Congress on Saturday with no clear path to resolving a squabble ...
Read more »
Threat of government shutdown ends as Congress passes temporary funding planThe threat of a federal government shutdown ended late Saturday, hours before a midnight deadline, as Congress approved a temporary funding bill to keep agencies open and sent the measure to President Joe Biden to sign.
Read more »
China Stock Investors Say Worst Yet to Come in Property Crisis(Bloomberg) -- China’s property sector has yet to see the worst of the crisis that has cast a pall over the nation’s economy and helped drive an exodus of global funds from the world’s second-largest stock market.Most Read from BloombergPakistan Rupee Set to Become Top Performing Currency Globally Europe’s Richest Royal Family Builds $300 Billion Finance EmpireTop Chinese Scientist Claims India Moon Landing Nowhere Near South PoleStock Optimism Fizzles as Quarterly Losses Pile Up: Markets WrapDi
Read more »
China Stock Investors Say Worst Yet to Come in Property CrisisChina’s property sector has yet to see the worst of the crisis that has cast a pall over the nation’s economy and helped drive an exodus of global funds from the world’s second-largest stock market.
Read more »
China September factory activity expands for first time in six monthsChina's factory activity expanded for the first time in six months in September, an official factory survey showed on Saturday, adding to a run of indicators suggesting the world's second-largest economy has begun to stabilise. The official purchasing managers' index (PMI) rose to 50.2 in September from 49.7, according to the National Bureau of Statistics, edging above the 50-point level demarcating contraction from expansion.
Read more »