Page 29 - Us Fed News Today

A daily rundown of the economic reports and corporate earnings that will be grabbing the market’s attention in the week ahead

What are the triggers to track? What Fed does next month, the US consumer inflation figures around mid-November, and the degree of volatility in oil prices, numbers of some of the large companies over the next few days of the earning season (with about 30 companies yet to report their financials) are among the factors that would sway the market in the weeks to come.

Chinas top parliament approved a 1 trillion yuan ($137 billion) bond issue, state media reported adding the funds would be spent rebuilding disaster zones and improving infrastructure.

Dussehra is considered to be an auspicious time to buy gold. The Middle East conflict and the US interest rate direction have been driving the prices of gold in recent times. However, gold ETF holdings worldwide are at a 3-year low. This suggests that investors aren’t buying gold enough.

MSCIs broadest index of Asia-Pacific shares outside Japan was 0.28% lower at 473.37, having touched 472.73 - the lowest since November 2022. The index is down 3% for the month and set for its third consecutive month in the red. Japans Nikkei fell nearly 1%.

The US dollar strengthened, and US Treasury yields rebounded on expectations of strong US economic data this week

Inside the Market’s roundup of some of today’s key analyst actions

The global financial system looks stable, because central banks have shifted more and more debt onto their books.

A daily rundown of the economic reports and corporate earnings that will be grabbing the market’s attention in the week ahead

In the domestic market, attention is on the $5 billion RBI swap due on October 23. Some believe RBI may purchase dollars, potentially addressing a dollar liquidity concern.