CAUTIOUS OPTIMISM PREVAILS AMID CHINA WOES, PARTIAL US MARKET HOLIDAY
CAUTIOUS OPTIMISM PREVAILS AMID CHINA WOES, PARTIAL US MARKET HOLIDAY
Following a strong rally on Wall Street last week, global markets are cautiously optimistic to begin the new week.
Investors show concern over China’s 10 trillion yuan ($1.4 trillion) fiscal stimulus package, seen as insufficient to address economic challenges.
China’s Consumer Price Index (CPI) rose only 0.3% year-on-year in October, missing expectations of 0.4%, signaling weak inflationary pressure.
The combination of weak inflation data and disappointment over China’s fiscal response dampens investor confidence in the global economic recovery.
US markets are closed for Veterans Day, leading to thinner trading volumes and reduced market activity.
