Marketmind: Rate cut cat-and-mouse game
A shortened U.S. markets week starts on the back foot as Friday's slightly peculiar interest rate cut ebullience cools a touch again while U.S. banking giants resume the corporate earnings season. Taiwan's ruling Democratic Progressive Party won the presidential election, but lost its majority in parliament. Donald Trump secured a resounding win in the first 2024 Republican presidential contest in Iowa on Monday, largely as expected and asserting control over the party as he seeks an election rematch with President Joe Biden.