Chinese shares fluctuated in a volatile session after a Finance Ministry briefing at the weekend underwhelmed investors and a drop in factory prices reinforced concerns about the economy. Onshore equities swung between gains and losses while Hong Kong shares dropped along with US stock futures. China’s yuan weakened against the greenback, as did the Australian and New Zealand dollars. Oil declined after China’s briefing lacked new incentives to boost consumption in the biggest importer. While China’s Finance Minister Lan Fo’an vowed more support for the real estate sector at the keenly anticipated weekend briefing, he did not produce a headline monetary stimulus figure, disappointing some investors. The focus is now turning to the next major policy briefing in the coming weeks — from the Communist Party-controlled parliament that oversees the budget — for details of more support. Before the weekend briefing, money managers had been waiting for more fiscal measures to help sustain the rally sparked by the stimulus blitz that authorities unleashed in late September. Investors and analysts surveyed by Bloomberg had expected China to deploy as much as 2 trillion yuan ($283 billion) in fresh fiscal stimulus on Saturday, including potential subsidies, consumption vouchers and financial support for families with children. The CSI 300 Index, a benchmark of onshore equities, capped its biggest weekly loss since late July on Friday, while the Aussie and kiwi - proxies for China sentiment among developed market currencies - fell for two weeks running. In the commodities space, Brent dropped below $78 a barrel while iron ore futures in Singapore reversed an early decline. The US dollar advanced after rising for a second week as traders pared expectations on the pace of Federal Reserve rate cuts. The Monetary Authority of Singapore kept its monetary settings unchanged for a sixth consecutive review. This week, Chinese growth and retail sales data are due while inflation readings in New Zealand, Canada and the UK are expected. Thailand, Philippines and Indonesia central banks will give policy decisions ahead of the European Central Bank later this week. The ECB will probably advance the global push for monetary easing with an interest-rate cut that policymakers had all but ruled out just a month ago.
Nikkei Closed Hang Seng -0.18% CSI +1.68% Shanghai +1.71% Shenzen +2.38%
Eur$ 1.0924 CNH 7.0836 CNY 7.0753 JPY 149.27 GBP 1.3059 CHF 0.8583 RUB 95.8044 TRY 34.2810 WTI$ 74.67 -1.18% Gold 2,659 +0.10% BTC 64,270 +2.44% ETH 2,359 +3.23%
S&P -0.06% Nasdaq -0.11% EuroStoxx +0.06% FTSE -0.10% Dax +0.18% SMI +0.16%
Macro :
- Fitch Cuts France's Outlook to Negative on Affirmed Rating -->French Bond Futures Soften After Fitch Gives Negative Outlook
- German Economy in Recession With No More Growth Seen in 2024
- China Says Major Disagreements Remain With EU Over EV Tariffs
- Goldman Sachs Upgrades China Growth Forecasts on Latest Stimulus
- Germany’s Social Democrats Weigh EV Subsidies in 2025 Strategy
- Chinese Equities Brace for Monday’s Negative Feedback Loop
- Hurricane Milton Was Intensified by Climate Change, Study Says
- Hurricane Milton Was Intensified by Climate Change, Study Says
- Hedge Funds Buy US Stocks by Most Since 2021, Goldman Says
- Kenyan Chepngetich Sets Women’s World Record at Chicago Marathon
- UK Warned to Prepare for Floods After Unusually Wet September
- Bitcoin Jumps as Traders Weigh China Fiscal Stimulus, Trump Odds
Keep an eye on :
Keep an eye on :
- AC FP : BTG asset manager buys Accor chain in Brazil for R$1.7 billion
- AKERBP NO : Aker BP 3Q Avg Production Meets Estimates
- ALV GY : *SINGAPORE WON'T ALLOW ALLIANZ-INCOME DEAL IN 'CURRENT FORM'
- AAPL US : Apple Prepares to Take the Smart Home Market Seriously: Power On
- BEI GY : L’Oreal’s Growth May Be Stuck Near-Term, Prefer Beiersdorf: Citi
- BA US : Boeing Sees $5b of Charges; to Cut Workforce by About 10%
- BA US : issues downside Q3 revenue guidance; making important strategic decisions to restore the company
- BOSN SW : Bossard 3Q Sales Misses Estimates
- CABK SM : CriteriaCaixa is on track to reach an agreement to sell Saba to Belgian company Interparking
- CVS US : CVS to Exit Core Infusions Services Business: Reuters
- DAZN : Saudi Arabia’s PIF Has No Plans to Invest in Blavatnik’s Dazn
- DNO NO : DNO 3Q Kurdistan Net Output 17,607 Boepd, North Sea 11,236 Boepd
- ENEL IM : Lula, Tarcísio and Nunes join forces and push for the end of Enel's concession after blackout in SP Sun, 13 Oct
- ENEL IM : Aneel calls meeting with Enel and companies that serve São Paulo after blackout leaves 1.2 million without power
- ENEL IM : TCNN Brazil: Silveira defends the expiration of Enel's concession in SP and calls the company to the emergency room
- FRA GY : Fraport Sept. Frankfurt Airport Passengers +1.2%
- FROG US : Software Tools Maker JFrog Said to Draw Takeover Interest
- GALP PL : Galp 3Q Refining Margin Misses Estimates
- HARL LN : Spain’s Navantia Close to Harland & Wolff Deal, Telegraph Says
- IPH FP : Innate Pharma Names Jonathan Dickinson as CEO From Nov. 1
- ISP IM : Intesa Fires ‘Disloyal’ Employee for Accessing Clients’ Data
- MUL LN : Frasers Group Sweetens Offer for Mulberry to 150 Pence/Share
- LDO IM : Leonardo, Rheinmetall to Announce Military JV Oct. 15, Sole Says
- OR FP : L’Oreal’s Growth May Be Stuck Near-Term, Prefer Beiersdorf: Citi
- LMT US : US Approves Possible $1.2B Military Sale to UAE
- LHA GY : Lufthansa CEO Says Fees Hurting German Airports, Bild Reports
- MC FP : LVMH: Kim Jones Is Stepping Down as Artistic Director of Womenswear and Couture at Fendi
- MC FP : LVMH: Kim Jones Is Stepping Down as Artistic Director of Womenswear and Couture at Fendi
- MUL LN : Mulberry Majority Owner Has ‘No Interest’ in Revised Frasers Bid
- ALCOX FP : Nicox and Soleus Sign $16.5M Royalty and Equity Financing
- NOVN SW : PE firms queue up for Novartis' Indian arm
- PFE US : Pfizer Wins US FDA Approval for Hympavzi in Hemophilia A or B
- RHM GY : Leonardo, Rheinmetall to Announce Military JV Oct. 15, Sole Says
- RIO LN : Rio Takes Step to M&A Redemption With $6.7 Billion Lithium Bet
- SCYR SM : Sacyr wins the Second Itata Route Concession in Chile with an investment of 516 million
- SAN FP : Lenders Prep Around €9.65 Billion for Sanofi Health Unit Buyout
- SIE GY : Siemens Pakistan Shares Rise 10% on Plan to Sell Energy Business
- SKAB SS : Skanska Signs Pact With Ingka Worth About SEK380m
- TLGO SM : Poland Seeks Spain’s Backing in Bid for Talgo: Business Insider
- TSLA US : SpaceX Wins Earlier-Than-Expected Approval to Fly Fifth Starship
- TIFS LN : ABC Technologies Raises Offer for TI Fluid to 200 Pence/Share
- TIFS LN : TI Fluid’s Latest Offer from ABC Still Looks Low: Jefferies
- 2330 TT : TSMC Plans More Chip Plants in Europe, Taiwan Official Says
- UPG BB : Unifiedpost to Sell Assets to Repay Francisco Partners Loan
- VEON US : Veon to Move Group HQ to Dubai From Amsterdam
- VOW GY : Germany’s Social Democrats Weigh EV Subsidies in 2025 Strategy