Asian Stocks Extend Global Rally As Data Boost Rate Cut Hopes [Barron's]
NATL AUSTRALIA BK S/ADR (NABZY)
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Source: Barrons
A report that US President Donald Trump's top economic aide was the frontrunner to be the central bank's next boss added to the risk-on mood as investors rediscovered their mojo after a recent stutter. Advertisement - Scroll to Continue Bets that officials will lower borrowing costs at their December meeting have surged this week after a number of key members of the policy board said they backed a third successive cut as fears about the labour market overshadowed still-high inflation. And a fresh batch of reports on the world's top economy -- some delayed by the government shutdown -- provided fresh ammunition to those calling for more easing. Payroll firm ADP said the four weeks to November 8 saw private employers shed an average 13,500 jobs per week, while official figures showed retail sales rose slower in September than August and less than expected. Meanwhile, the Conference Board's consumer confidence index dropped to its lowest level in seven months, with shoppers ex
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News
- Asian Markets Rise As US Rate Cut Bets Temper Japan Bond Unease [Barron's]Barrons
- Australia's consumer inflation accelerates to 3.8% in October, beating estimates [CNBC]CNBC
- Dollar poised for weekly loss as markets sail into data fog [CNBC]CNBC
- Asian markets up on hopes over shutdown deal, rate cut [Yahoo! Finance]Yahoo! Finance
- Markets boosted by hopes for deal to end US shutdown [Yahoo! Finance]Yahoo! Finance