China’s Market In Turmoil As Moody’s Warning Erases Reopening Gains
Moody's shifted China's credit rating outlook to negative, citing financial support towards RLGs and SOEs, weak economic growth, and a dip in Chinese stocks.
China Debt Outlook: Moody’s Cuts To Negative As Property Crash Continues To Weigh
China faces slowdown as spending increases to address the crash in the real estate sector.
Asia Markets End Lower, Europe Trades Mixed, Gold Stays Above $2K, While Crude Below $75 – Global Markets Today While US Was Sleeping
On Monday, December 4th, the U.S. stock markets concluded in the negative territory, as investors maintained a cautious stance in anticipation of upcoming employment data.
In economic data, October witnessed a 3.6% month-over-month decline in U.S. factory orders, a stark contrast to the revised 2.3% increase in September and diverging from market forecasts of a 2.8% fall.
Pinduoduo Overtakes Alibaba In Market Cap For First Time; Jack Ma Declares ‘The Era Of AI E-Commerce Has Just Begun’
On Nov. 30, for the first time, PDD Holdings (NASDAQ:PDD), also known as Pinduoduo, surpassed Alibaba Holdings’ (NYSE:BABA) market capitalization.
Asia Markets Mostly Lower, Europe On The Rise, Gold Steady Above $2K Levels – Global Markets Today While US Was Sleeping
On Thursday, Nov. 30, U.S. stock markets closed mixed, with the Dow Jones Industrial Average gaining more than 500 points.
In economic data, The U.S. October personal consumption expenditure price index remained stable, following September’s 0.4% increase. Annual core PCE inflation decreased to 3.5% from 3.7%.
Asia Markets Close Higher, Europe Rises, And Crude Oil Gains – Global Markets Today While US Was Sleeping
On Wednesday, November 29th, U.S. stock markets closed mixed amid easing recession worries and uncertainty over the Fed's policy duration, with investors awaiting the PCE inflation report.
In economic data, U.S. Q3 economic growth outperformed at 5.2%, surpassing expectations, while the October trade deficit widened to $89.8 billion from $86.8 billion in the prior month.
Asia Markets Mostly In Red, Europe Up, Gold Crosses $2K – Global Markets Today While US Was Sleeping
On Tuesday, November 28th, the U.S. stock markets closed higher, driven by mixed signals from Federal Reserve officials and buoyant consumer data.
Warren Buffett-Backed Chinese Tesla Challenger Pays Homage To ‘Great Mentor’ Charlie Munger: ‘Symbol Of Vision And Wisdom’
As Charlie Munger, who was instrumental in Buffett investing in BYD, passes away, the Chinese EV maker paid rich tributes to the legendry investor.
Asian Markets Mixed, Europeans In The Red; Gold Stays Above $2K, Crude Oil Remains Over $75 – Global Markets Today While US Was Sleeping
On Monday, November 27th, U.S. stock markets closed in the red as investors paused following Thanksgiving to focus on upcoming inflation data, consumer confidence, and spending.
In economic data, U.S. new home sales in October fell 5.6% to an annual rate of 679,000, below estimates of 723,000. This decline contributed to a cautious market mood.
Asian And European Markets Dip; Gold Trades Above $2K, Crude Oil Approaches $75 – Global Markets Today While US Was Sleeping
On Friday, November 24th, U.S. stock markets closed mixed with minimal changes in a holiday-shortened trading session.
In economic data, the U.S. services PMI by S&P Global increased to 50.8 in November from 50.6, the highest in four months and above forecasts of 50.4, and the manufacturing PMI dropped to 49.4 from 50, falling short of the expected 49.8.