An Asian share index pushed higher, with Alibaba Group Holding leading the advance in China tech. The e-commerce giant plans toa primary listing in Hong Kong, paving the way for investors in China to directly buy its shares.
S&P 500 and Nasdaq 100 futures were in the red but off the day’s lows. Sentiment had taken a knock from a late-dayin retailer Walmart on a disappointing profit outlook. Its projection could fan worries about corporate prospects as the US flirts with a recession amid tightening monetary settings. The 10-year US Treasury yield was little changed, oscillating around 2.78%. Traders are braced for a wave of debt sales and a widely expected 75 basis points Fed rate rise on Wednesday, part of a campaign to tackle inflation.
A dollar gauge is near the lowest level since early July. Commodities rallied, taking oil past $98 a barrel. But Bitcoin tumbled to the brink of $21,000. Markets are bracing not just for the Fed and any policy signals from Chair Jerome Powell, but also corporate reports from the likes of Apple and Alphabet. Other risks include ongoing
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Global stocks retreat ahead of Fed meetingThe pullback in stock prices follows a rebound in recent weeks, as investors bought back into markets that have fallen sharply in 2022 Being the head of the home isn't easy, you are expected to provide for the home, I lost my job during the pandemic and relied on the little money I had,things were hard until I met Allison_Grillo and started Bitcoin trading, I earned R150,000 in 3 weeks thanks Allison_Grillo. I was scammed through Bitcoin couple of months ago, I started hating Bitcoin until I was introduced to Allison_Grillo, and I gave Bitcoin trading another try, I successfully withdrew $35,000 after two weeks of trading, am so grateful Allison_Grillo thank you.
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Asian stocks retreat from three-week highs over recession fearsMarkets are looking for policy clues from the Federal open market committee meeting, which begins on Tuesday
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