• Home
  • Politics
  • Health
  • World
  • Business
  • Finance
  • Tech
  • More
    • Sports
    • Entertainment
    • Lifestyle
What's Hot

Trump Announces First Post-Tariff Trade Deal

May 8, 2025

100 Funny Father’s Day Quotes for Hilariously Relatable Humor (and Plenty of Love Too)

May 8, 2025

Top 10 Benefits Of Acupuncture

May 8, 2025
Facebook Twitter Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
Friday, May 9
Patriot Now NewsPatriot Now News
  • Home
  • Politics

    Security video shows brazen sexual assault of California woman by homeless man

    October 24, 2023

    Woman makes disturbing discovery after her boyfriend chases away home intruder who stabbed him

    October 24, 2023

    Poll finds Americans overwhelmingly support Israel’s war on Hamas, but younger Americans defend Hamas

    October 24, 2023

    Off-duty pilot charged with 83 counts of attempted murder after allegedly trying to shut off engines midflight on Alaska Airlines

    October 23, 2023

    Leaked audio of Shelia Jackson Lee abusively cursing staffer

    October 22, 2023
  • Health

    Disparities In Cataract Care Are A Sorry Sight

    October 16, 2023

    Vaccine Stocks—Including Pfizer, Moderna, BioNTech And Novavax—Slide Amid Plummeting Demand

    October 16, 2023

    Long-term steroid use should be a last resort

    October 16, 2023

    Rite Aid Files For Bankruptcy With More ‘Underperforming Stores’ To Close

    October 16, 2023

    Who’s Still Dying From Complications Related To Covid-19?

    October 16, 2023
  • World

    New York Democrat Dan Goldman Accuses ‘Conservatives in the South’ of Holding Rallies with ‘Swastikas’

    October 13, 2023

    IDF Ret. Major General Describes Rushing to Save Son, Granddaughter During Hamas Invasion

    October 13, 2023

    Black Lives Matter Group Deletes Tweet Showing Support for Hamas 

    October 13, 2023

    AOC Denounces NYC Rally Cheering Hamas Terrorism: ‘Unacceptable’

    October 13, 2023

    L.A. Prosecutors Call Out Soros-Backed Gascón for Silence on Israel

    October 13, 2023
  • Business

    Trump Announces First Post-Tariff Trade Deal

    May 8, 2025

    Electric Vehicle Sales Nosedive As GOP Takes Buzzsaw To Biden’s Mandate

    May 7, 2025

    Tyson Foods Announces It Will Bend The Knee To Trump Admin’s New Rules

    May 7, 2025

    Federal Reserve Holds Interest Rates Steady Despite Pressure From Trump

    May 7, 2025

    ‘Wait Them Out’: John Kennedy Tells Larry Kudlow One Lie He Suspects China’s Telling US

    May 7, 2025
  • Finance

    Ending China’s De Minimis Exception Brings 3 Benefits for Americans

    April 17, 2025

    The Trump Tariff Shock Should Push Indonesia to Reform Its Economy

    April 17, 2025

    Tariff Talks an Opportunity to Reinvigorate the Japan-US Alliance

    April 17, 2025

    How China’s Companies Are Responding to the US Trade War

    April 16, 2025

    The US Flip-flop Over H20 Chip Restrictions 

    April 16, 2025
  • Tech

    Cruz Confronts Zuckerberg on Pointless Warning for Child Porn Searches

    February 2, 2024

    FTX Abandons Plans to Relaunch Crypto Exchange, Commits to Full Repayment of Customers and Creditors

    February 2, 2024

    Elon Musk Proposes Tesla Reincorporates in Texas After Delaware Judge Voids Pay Package

    February 2, 2024

    Tesla’s Elon Musk Tops Disney’s Bob Iger as Most Overrated Chief Executive

    February 2, 2024

    Mark Zuckerberg’s Wealth Grew $84 Billion in 2023 as Pedophiles Target Children on Facebook, Instagram

    February 2, 2024
  • More
    • Sports
    • Entertainment
    • Lifestyle
Patriot Now NewsPatriot Now News
Home»Finance»U.S. shutdown relief vs mixed China PMIs
Finance

U.S. shutdown relief vs mixed China PMIs

October 1, 2023No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
U.S. shutdown relief vs mixed China PMIs
Share
Facebook Twitter LinkedIn Pinterest Email

By Jamie McGeever

(Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist.

An early burst of positive sentiment – or relief – after the U.S. Congress agreed a last-minute deal to prevent a partial federal government shutdown could give Asian markets a boost at the open on Monday.

But Chinese purchasing managers index data over the weekend, which pointed to mixed levels of services and manufacturing activity last month, may put a dampener on that. Other PMI data from across the region will also be released this week.

Investors will be looking to start the fourth quarter on a positive note after a pretty awful third quarter. Stocks, bonds and non-dollar currencies around the world mostly fell, to varying degrees, as investors adjusted to the idea that U.S. interest rates will not come down as quickly as they had hoped.

China’s markets will be closed for much of the week for the Golden Week holiday, and investors will surely welcome the break – the property sector is imploding, money is flowing out of Chinese assets, the currency is under heavy pressure and the economy is struggling.

The International Monetary Fund is a little more optimistic though, saying last week that recent policy support from Beijing is having a positive effect and stabilizing the economy.

The next step is for growth to re-accelerate after coming in well below forecasts all year. Economic surprises are still negative, but have recovered from the lows of the summer, levels that were historically consistent with periods of extreme economic and financial stress – 2008, 2015 and 2020.

See also  Xi Jinping Holds Climate Summit as John Kerry Visits China – Without Meeting with Him

Monday’s batch of PMI reports include the latest snapshots from Australia, Japan and Indonesia, while Japan’s closely watched ‘tankan’ survey of business sentiment and activity will also be released.

The first trading week of the fourth quarter gets underway with Asian and Pacific market-moving events likely to include central bank policy decisions from Australia, India and New Zealand, and a flood of inflation data from across the region.

The inflation data includes the latest readings of consumer prices from Indonesia, South Korea, the Philippines, Thailand and Taiwan, all for the month of September.

Meanwhile, the Reserve Bank of Australia, Reserve Bank of New Zealand and Reserve Bank of India are all expected to keep their key interest rates on hold at 4.10%, 5.5% and 6.5%, respectively. All eyes are on policymakers’ guidance.

Investors reckon the RBA might have one last hike in it this year. But many other central banks have probably ended their rate-hiking cycles, so the question now is how long the ‘higher for longer’ pause lasts and when the easing cycles begin.

Here are key developments that could provide more direction to markets on Monday:

– Australia, Japan, Indonesia manufacturing PMIs (September)

– Japan tankan survey (Q3)

– Bank of Japan summary of opinions from Sept 21-22 policy meeting

(By Jamie McGeever; Editing by Richard Chang)

China mixed PMIs Relief Shutdown U.S
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Trump’s Tariffs Trigger Turmoil In China As Country’s Economic Tailspin Intensifies Per New Data

May 6, 2025

American Manufacturers Overwhelmed With Orders After Trump’s Tariff Crackdown On China

May 5, 2025

83 Funny Graduation Quotes for Hilarious Humor and Stress Relief About Your Future

May 5, 2025

Trump Closes Tariff Loophole That Let China Flood America With Knockoff Goods, Drugs

May 2, 2025
Add A Comment

Leave A Reply Cancel Reply

Top Posts

The Nuggets Are in the Playoffs Again. Hold the Champagne.

April 17, 2023

‘Sound of Freedom’ Soars to $83 Million as ‘Dead Reckoning’ Slips

July 17, 2023

Sri Lankan Leader Appeals for Patience Amid Economic Crisis

February 13, 2023

Sadiq Khan Deploys Spy Vans as Public Destroy Anti-Car ULEZ Cameras

September 6, 2023
Don't Miss

Trump Announces First Post-Tariff Trade Deal

Business May 8, 2025

President Donald Trump announced Thursday the U.S. has reached a trade agreement with the U.K.,…

100 Funny Father’s Day Quotes for Hilariously Relatable Humor (and Plenty of Love Too)

May 8, 2025

Top 10 Benefits Of Acupuncture

May 8, 2025

Electric Vehicle Sales Nosedive As GOP Takes Buzzsaw To Biden’s Mandate

May 7, 2025
About
About

This is your World, Tech, Health, Entertainment and Sports website. We provide the latest breaking news straight from the News industry.

We're social. Connect with us:

Facebook Twitter Instagram Pinterest
Categories
  • Business (4,110)
  • Entertainment (4,220)
  • Finance (3,202)
  • Health (1,938)
  • Lifestyle (1,626)
  • Politics (3,084)
  • Sports (4,036)
  • Tech (2,006)
  • Uncategorized (4)
  • World (3,944)
Our Picks

WGA and AMPTP Meet Again Thursd

August 18, 2023

1 Dead After Cyclist Collision In Ironman Race

June 5, 2023

China’s Yuan Revolution Reaches Brazil and Argentina

September 27, 2023
Popular Posts

Trump Announces First Post-Tariff Trade Deal

May 8, 2025

100 Funny Father’s Day Quotes for Hilariously Relatable Humor (and Plenty of Love Too)

May 8, 2025

Top 10 Benefits Of Acupuncture

May 8, 2025
© 2025 Patriotnownews.com - All rights reserved.
  • Contact
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.