A look at the day ahead in U.S. and global markets by Mike Dolan With one eye on a key U.S. inflation update for August later on Friday, world markets limped to the end of a poor third quarter andNS child killer Penny Boudreau and the path to eventual release | SaltWireWith one eye on a key U.S. inflation update for August later on Friday, world markets limped to the end of a poor third quarter and clawed back some of their worst losses.
It's hard to identify any particular reason for the mini-bounce, but the circular nature of the week's oil, bond, dollar and stock market moves seemed to reverse at bit. At 4.53% on Friday, the 10-year benchmark was some 15 basis points off Thursday's peak and two-year yields fell back to their lowest since Sept. 18.
Some optimism from Beijing about a possible year-end summit between President Xi Jinping and U.S. President Joe Biden helped. U.S. and China are discussing a possible trip to Washington by Xi's top economic-policy aide, Vice Premier He Lifeng, the Wall Street Journal reported, and this could pave the way for Xi's trip to the U.S. in November.
Although Fed chief Jerome Powell turned down the chance to address the policy outlook at an event late on Thursday - something many observers reckon may be telling in itself - the noises from his colleagues continued to be equivocal about the chances of another rate rise this year.
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