US Stock Futures Rise as US-Iran Ceasefire Hopes Boost Market Sentiment 
China Factory PMI Seen Returning to Growth in June as AI Export Demand Supports Economy 
Oil Prices Rebound as Strait of Hormuz Tensions Return After Ship Attack Near Oman 
Asian Currencies Trade Mixed as Yen Hovers Near 40-Year Low, Dollar Holds Firm on Fed Outlook 
Iran Attack in Strait of Hormuz Pushes Oil Prices Higher 
Wall Street Ends Lower as AI Stocks Drag Markets, Fed Rate Outlook Shifts 
Gold Price Ends Lower for Fourth Week Despite Rebound as Fed Rate Hike Bets Strengthen 
S&P Affirms Brazil’s BB Credit Rating with Stable Outlook Amid Fiscal Challenges 
China Sets 1.25% Overnight Reverse Repo Rate Below Market Expectations 
US Dollar Slips After PCE Inflation Data Eases Fed Rate Hike Expectations 
Asian Stocks Sink as Apple Price Hikes Spark AI Valuation Fears, South Korea and Japan Lead Selloff 
South Korea’s KOSPI Plunges as Apple Price Hikes and OpenAI IPO Delay Shake AI Chip Stocks 
Gold Prices Fall Below $4,000 as Strong Dollar, Fed Rate Hike Bets Weigh on Bullion 
US Dollar Slips After PCE Inflation Data as Fed Rate Hike Expectations Stay Elevated 
Japan Targets 1%+ Real Economic Growth With ¥370 Trillion Investment Plan 
Economic pessimism has set in – but there are reasons for Australians to be hopeful 
The Chinese economy grew by 4.6% year-on-year in the third quarter of 2024, marginally surpassing market predictions of 4.5%, but down from 4.7% in Q2 2024. This represents the slowest annual growth rate since early 2023, highlighting persistent challenges such as a continuing decline in the property sector, sluggish domestic demand, and trade tensions with Western nations.GDP Growth Reaches 4.8% Year-to-Date, Falling Short of Beijing's 5% Annual Goal
In September 2024, China's industrial production increased by 5.4% compared to last year, improving from the 4.5% growth seen in August. This result was better than what analysts expected, which was a 4.5% increase, bringing some optimism to officials who are trying to revive a struggling economy.
Retail sales grew 3.2% from a year ago, better than the 2.5% growth estimated by analysts in an LSEG poll, the National Bureau of Statistics said. Sales rose at a faster clip than last month’s 2.1% growth.
