US markets weakness in consumer discretionary, banks, and technology sectors. Critically, the index is hovering near its 200-day moving average as it moves lower. The bond market remains a significant source of stock market angst, with 10-year Treasury yields briefly crossing the 5% mark for the first time since 2007.
Additionally, the Federal Reserve is scheduled to hold its FOMC meeting on November 3, where it will provide insights into its monetary policy decisions and economic outlook. China markets The recent data releases have helped alleviate concerns regarding the Chinese economy, particularly fears of a hard landing. China's key economic indicators, including real GDP , retail sales , and the survey-based unemployment rate , exceeded expectations.
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Source: MarketWatch - 🏆 3. / 97 Read more »