Asia Stocks to Follow US Higher on Rate Optimism: Markets Wrap

-- Asian shares are poised to open broadly higher, following the lead from Wall Street after dovish comments on rates from Federal Reserve officials. Oil and gold climbed on the fallout from Hamas’ attack on Israel.Futures in Japan, Hong Kong and Australia were higher Tuesday, after the S&P 500 erased losses as Fed Vice Chair Philip Jefferson said officials are in a position to “proceed carefully” following the recent rise in Treasury yields.

Oil climbed after Hamas’ attack on Israel raised fears of a wider conflict that could constrain energy supplies, while gold had its biggest one-day gain since May on haven buying in the wake of the fighting. The dollar edged lower. Treasury futures climbed, with the cash market closed for Columbus Day.

The next risk to US stocks could come from fiscal policy constraints at a time when the Fed is still fighting high inflation, according to Morgan Stanley’s Michael Wilson. The strategist — among the most prominent bearish voices on Wall Street — said while the US government narrowly avoided a shutdown last week, “the lack of a resilient long-term structure that supports fiscal discipline” could have an impact on financial markets.

I was all set for my trip, or so I thought. That's when my friend told me to always keep a bread clip when traveling. The reason is quite clever.Anna Moneymaker/GettySpecial Counsel Jack Smith chastised former President Donald Trump for his request to postpone the trial in his classified documents case until after the 2024 election, arguing that Trump has no grounds to delay a trial that’s already more than half a year away.

Ex-president’s actions reportedly ignited fears by Israel that Russia could have passed the information to Iran, which has long been a supporter of the Palestinian causeInvestors can now get high yields from these Canadian dividend stocks. The post Canadian Investors: 2 Oversold TSX Stocks to Buy Now appeared first on The Motley Fool Canada.

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