Markets
Beige Book reinforces prospects of further Fed rate cut
With official jobs data unavailable due to the US government shutdown since October 1, markets turned to the Federal Reserve’s Beige Book for a pulse on the economy. It merely confirmed what previous official data showed—tepid business and economic activity that had earlier spurred the Fed to cut interest rates in hopes of jumpstarting a muted labor market.
Gold hits USD4,300 on trade jitters, possible Fed rate cut
Gold soared to a fresh record above USD4,300 an ounce Thursday, rallying for a fourth straight session as investors piled into safe havens amid deepening US-China tensions and growing bets on Federal Reserve rate cuts.
Fed chairman suggests further US rate cut
Federal Reserve Chair Jerome Powell on Monday signaled the likelihood of further monetary policy easing, saying recent data suggest little change in inflation and employment conditions since the central bank’s last rate cut in September.
Asiabest sought 10-day trading suspension
Asiabest International Inc. has requested a 10-day voluntary trading suspension to finalize valuation reports and submit a comprehensive disclosure package on a recent deal.
US stocks rebound as Trump dials down trade rhetoric
US stocks recovered some ground on Monday after President Donald Trump softened his stance toward China, following last week’s threat of higher tariffs starting next month.
