News Formal

Premarket: Stocks trade sideways awaiting China stimulus moves

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 26 sec. here
  • 16 min. at publisher
  • 📊 Quality Score:
  • News: 63%
  • Publisher: 92%

Newsletter News

Marketupdate,Tsx,Stocks

Investors hope to receive clarity on Saturday

Global stocks traded sideways on Friday as a stunning rally in Chinese shares paused and investors held back from placing more bets ahead of a much-anticipated update on fiscal stimulus from Beijing this weekend.

That first round of U.S. easing opened the door for China to bring in monetary support measures without creating extra pressure on the weakened renminbi. Data showed core U.S. consumer prices rose by a higher-than-expected 0.3% in September from August, signaling the U.S. central bank might have applied a larger-than-necessary dose of relief to an economy that is not ailing yet.

“However, with inflation proving stickier than expected, interest rates might face temporary upward pressure.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in MY

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.

Premarket: Traders await U.S. inflation test, China revives stocks rallyU.S. futures sit lower ahead of key economic release
Source: globebusiness - 🏆 31. / 66 Read more »

Premarket: Global stocks bask in China stimulus glowYen swings higher on Ishiba win
Source: globebusiness - 🏆 31. / 66 Read more »

China Investors’ ‘FOMO’ Sets Up Stocks for Best Week Since 2008(Bloomberg) -- Chinese stocks’ rally stretched further on Friday, poised to mark their best week since the global financial crisis, on optimism over the...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

China stocks sink as investors dump shares after recent rallies, while other Asian markets gainHONG KONG (AP) — Stocks in China slumped on Wednesday, with Shanghai’s benchmark down 6.6% and Hong Kong’s losing 1.5% as investors dumped shares to lock in ...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Weak consumer data weighs on investors, China stocks rise on stimulus: Yahoo FinanceUS stock markets (^DJI, ^IXIC, ^GSPC) experienced a slight dip Tuesday afternoon as weaker-than-expected consumer confidence data rattled investors. The...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »