Asia-Pacific Markets Trade Mixed After U.S. Stocks Slip

September's ISM services index and the private payrolls report by ADP both beat estimates overnight. Investors will be looking ahead to the Bureau of Labor Statistics' nonfarm payrolls report at the end of the week.October could be the start of a bull market rally, Detrick says

"We think this could be the start of a pretty decent-sized end of year rally," Detrick said during CNBC's"Closing Bell: Overtime." He also noted that even though markets ended the day lower, stocks posted a major rally in the afternoon that regained a lot of lost ground. That's a positive, according to Detrick.Atlanta Federal Reserve President Raphael Bostic talked tough on inflation in a speech Wednesday, saying the central bank still has a lot of work to do before it can declare victory.

Bostic added that it likely"will take some time" to get inflation back to the Fed's 2% target as"we are still decidedly in the inflationary woods, not out of them."

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