A trader works on the floor of the New York Stock Exchange during opening bell in New York City on August 21, 2023. European and US stocks rebounded on Monday but Asian markets ended mixed after a Chinese rate cut failed to reassure investors worried about the outlook for the world's number two economy.HONG KONG, China —
"Most economic indicators, aside from a notable miss in the ISM manufacturing index, did not signal a recession. Instead, the data seemed to align with a 'just right' scenario, akin to Goldilocks," he added, referring to data that was neither too strong nor too weak. Expectations that the Fed would not lift rates any further also kept downward pressure on the dollar, with the yen holding last week's rally, having come within a whisker of a three-decade low.
Mobile giant Globe Telecom Inc. earned 27 percent less in the nine months to September, mainly due to a continuous rise in...