Today's Digital Newspaper MARKET FOCUS — Equities today: Asian and European markets were mostly lower in overnight trading. U.S. Dow opened around 30 points lower. In Asia, Japan -1.3%. Hong Kong -1.7%. China flat. India flat. In Europe, at midday, London flat. Paris -0.6%. Frankfurt -0.3%.
The RBA board reiterated its commitment to closely monitoring various factors, including the global economy, domestic demand trends, inflation outlook, and the labor market.— U.S. debt interest bill surpasses $1 trillion a year. The United States may face increased selling pressure on its Treasuries in the coming year, driven by the growing burden of debt repayment. Bloomberg analysis reveals that estimated annualized interest payments on the U.S.
— U.S. wheat exports have reached a 20-year low due to several factors, including the shrinking Mississippi River and competition from abundant global grain supplies, Bloomberg reports. The drought has significantly reduced the water levels in the Mississippi River, historically a key route for shipping about two-thirds of U.S. grain exports to the U.S. Gulf.
House Republican leaders will discuss the legislation's design options in a closed-door meeting today. They aim to avoid the internal dissent that led to the downfall of then-Speaker Kevin McCarthy after he allowed a vote on the previous stopgap spending bill ahead of the October 1 shutdown deadline.
But Senate conservatives may resist the idea of a maxi-bus due to its overall size, exceeding $1 trillion. These conservatives have advocated for individual consideration of spending bills and are opposed to massive omnibus packages. Some have proposed stopgap measures to fund the government until January or mid-April.
Details: In October 2023, China saw an unexpected increase of 3.0% in year-on-year imports, totaling $218.3 billion. Market expectations had anticipated a 4.8% decrease, and marked a significant improvement from the 6.2% drop observed in September. This change can be attributed to Beijing's efforts to stimulate domestic demand and signs of stockpiling.
— China’s meat imports decline in October. China imported 552,000 MT of meat during October, down 43,000 MT from September. Its meat imports during the first 10 months of this year totaled 6.26 MMT, up 3.8% from the same period last year. — Tumbling pork prices may push China back into deflation when it releases consumer-price data on Thursday, the Financial Times says. Live hog futures on China's Dalian Commodity Exchange have declined by approximately 15% since the beginning of October, reflecting a sharp decrease in expectations for nationwide pork prices. Wholesale pork prices in China have dropped by over 40% compared to the previous year.
Of note: The value of China’s direct holdings of U.S. Treasuries has slumped to the lowest level since 2009. And, Chinese investors offloaded the most U.S. bonds and stocks in four years in August.
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »