Nikada
Japan (NKY:IND) +0.01%.
China (SHCOMP) -0.80%. China’s Q3 GDP growth slows to 4.9%, beats estimates
China Sep. Industrial Production 4.5% y/y (exp 4.3%) & Retail sales 5.5% y/y (exp 4.9%).
China’s surveyed urban unemployment rate declined to 5.0% in September 2023 from 5.2% in August.
However, woes from the property sector remain a drag on the economy as a number of China’s largest developers face a potential default and the U.S. imposed curbs on sales of chips made by the company to China.
Hong Kong (HSI) -0.20%.
India (SENSEX) -0.68%.
Australia (AS51) +0.30%.
In the U.S. on Tuesday, all three major indexes ended mixed/near unchanged amid a jump in US Treasury yields as strong retail sales print fueled fresh fears of another tightening from the Fed before year-end.
U.S. stock futures edged lower on Wednesday after the major averages ended mixed in the last session: Dow -0.08%; S&P 500 -0.16%; Nasdaq -0.25%.
Traders look ahead to Federal Reserve Chair Jerome Powell’s speech later in the week to guide the monetary policy outlook.
Meanwhile, tensions escalated in the Middle East after a blast at a Gaza City hospital killed about 500 Palestinians on Tuesday, with Israel denying that it carried out the attack.
Currencies: (JPY:USD), (CNY:USD), (AUD:USD), (INR:USD), (HKD:USD), (NZD:USD).
