An early advance in MSCI’s Asia gauge fizzed as gains evaporated in Japan and Hong Kong while China fluctuated. S&P 500 futures pushed higher but off the peak ahead of the resumption of Wall Street trading after a holiday. Treasuries dipped across the curve, taking the 10-year yield to 3.21%.The offshore yuan pared gains after strengthening in the wake of China’sof a cut in the amount of foreign-exchange deposits banks must set aside as reserves.
“The PBOC and the government completely understand that all this stimulus has to come not only on the monetary policy side, but on the fiscal side,” Stefanie Holtze-Jen, Asia Pacific chief investment officer at Deutsche Bank’s private bank, said on Bloomberg Television. “Q3 is the quarter that you really want to get it all in to support the weakening economy,” she said, adding that this raises hope that Chinese stocks may turn for the better in the fourth quarter.
The next leg in a wave of monetary tightening is due in Australia, where economists expect the central bank to lift the policy rate by a further 50 basis points. Tightening financial conditions globally have been weighing on stocks and bonds in recent weeks. Bouts of investor calm have tended to fizzle.
“A lot of clients are asking, have we seen the bottom yet and are we going into a global recession?” Grace Tam, BNP Paribas Wealth Management Hong Kong chief investment adviser, said on Bloomberg Television. “We do think the risk of a global recession, especially next year, is actually quite high” and that the energy crisis “is not fully priced” into markets, she said.plans to fix annual electricity and gas bills for a typical UK household at or below the current level of £1,971 .
The euro retreated to a two-decade low, while the dollar strengthened. The pound was steady after the UK’s Conservative Party named Truss as
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Asian stocks inch up on expected China stimulusMSCI’s gauge of Asia-Pacific stocks outside Japan slightly up Being the head of the home isn't easy, you are expected to provide for the home, I lost my job during the pandemic and relied on the little money I had,things were hard until I met JamesAlderson0 and started Bitcoin trading, I earned R800,000 in 3 weeks thanks JamesAlderson0
Source: BDliveSA - 🏆 12. / 63 Read more »
Source: dailymaverick - 🏆 3. / 84 Read more »
Source: dailymaverick - 🏆 3. / 84 Read more »
Source: dailymaverick - 🏆 3. / 84 Read more »