Asian Markets Mixed, U.S. Eyes Rate Cut

Asian stock markets showed mixed results this week, with Hong Kong and Shanghai gaining, while Tokyo and South Korea remained flat. U.S. futures dipped slightly, and oil prices fell. Alibabas shares surged by over two percent ahead of its earnings report. U.S. markets anticipate a Federal Reserve interest rate cut in December, boosting optimism and AI stocks like Alphabet and Nvidia. However, wholesale inflation data for September poses a risk, with a higher-than-expected reading potentially discouraging a rate cut. Despite this, traders bet on an eighty-five percent probability of a December rate cut.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.