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US markets recover despite early losses United States (US) stocks rebounded from early losses on Friday to close mostly higher, buoyed by hopes that lawmakers are making progress toward ending the government shutdown. For the week, however, the Nasdaq 100 fell 3.09% – its worst weekly performance since April – as artificial intelligence (AI) names remained

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Gold price (XAU/USD) rises to around $4,050 during the Asian trading hours on Monday. The precious metal edges higher amid uncertainty over the US economic outlook. Traders ramped up bets on a US rate cut following weak US private jobs data and a downbeat University of Michigan (UoM) Consumer Sentiment Index survey. Lower interest rates could reduce

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China’s Consumer Price Index (CPI) rose 0.2% in October from a year ago after arriving at a fall of 0.3% in September, the National Bureau of Statistics of China reported on Sunday. The market consensus was for 0% in the reported period. Chinese CPI inflation increased 0.2% MoM in October versus 0.1% prior.  China’s Producer Price Index (PPI) dropped 2.1% YoY

S&P 500 performed exactly as called – flush and then rebound – fine enough one to create FOMO in some on Monday. Source link

Mon: BoJ Summary of Opinions (Oct); Norwegian CPI (Oct), EZ Sentix (Nov), Chinese M2 & New Yuan Loans (Oct) Tue: US Veterans’ Day; New Zealand Inflation Forecasts (Q4), UK Unemployment Rate/Wages (Sep), EZ & German ZEW (Nov), US NFIB (Oct), ADP’s new weekly “preliminary” jobs estimate Wed: BoC Minutes (Oct), EIA STEO, OPEC MOMR Thu:

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