US Stocks Rise, New Zealand Warns of Financial Stress

📆 10/31/2023 3:31 PM
📰 abcnews

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Finance News

US Stocks,ASX 200 Futures,New Zealand

US stocks mostly rose and the ASX 200 futures indicates the market will rise about 0.5 per cent on Wednesday. New Zealand's central bank warns of growing financial stress among households struggling with high debt repayments.

US stocks mostly rose and the ASX 200 futures indicates the market will rise about 0.5 per cent on Wednesday.

"Pockets of stress are likely to grow in the medium term as highly indebted households continue to be tested by higher debt servicing burdens," the Reserve Bank of New Zealand said in its semi-annual Financial Stability Report. Investors are waiting to see what the US Federal Reserve says after a two-day policy meeting ends on Wednesday, with the possibility that the central bank will hold rates higher for longer.

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