-- The yen dropped to its lowest level this year after the Bank of Japan disappointed investors with only minor tweaks to its policy settings. Stocks in Asia look set for a mixed open after gains on Wall Street weren’t enough to offset a third monthly slide in the S&P 500.Futures for equity benchmarks in Japan and Australia rose, while those for Hong Kong slipped. The S&P 500 rebounded in the final day of October but still notched its worst monthly run since the onset of the pandemic.
“The Fed is still wary of letting their guard down too early after missing their inflation target badly in the last few years,” said Bill Adams, chief economist for Comerica Bank. They are likely to signal on Wednesday “that they are prepared to raise interest rates again if inflation strays from its current downward trajectory.
In other markets, oil plunged to the lowest in two months on Tuesday amid signs that the Israel-Hamas conflict will remain contained. Gold extended its drop below $2,000 an ounce but still rose 7.3% in October — its best month since March — as the war stimulated demand for haven assets.US construction spending, ISM Manufacturing, job openings, light vehicle sales, WednesdayFederal Reserve interest rate decision.
Shakedown or smart business? Quebec restaurants balk at hefty penalty for using competitor's payment machines "Unless there are significant declines in interest rates, we believe that credit losses will inevitably rise, perhaps significantly in 2025 and beyond."TSX energy stocks such as Suncor Energy should be part of your equity portfolio if you are bullish on oil prices in 2023. The post Oil Prices Are Rising: Here Are the Stocks That Will Benefit the Most appeared first on The Motley Fool Canada.Brookfield Corp. and two other TSX stocks to consider buying on the way down.