China’s inflation came in at 0.3% in October, lower than the 0.4% seen in September
Asia-Pacific markets were set to fall Monday after China's October inflation numbers came in lower than expected, prompting concerns over the recovery in the world's second-largest economy.The country's inflation rate declined to 0.3%, missing expectations of 0.4% and also lower than the 0.4% seen in September. October figures showed inflation fell for a second straight month.
One European stock tanked on the news that Donald Trump had won the 2024 presidential election. However, analysts at investment banks suggest that investors have overreacted to fears of a downturn for the sector. CNBC Pro: Nomura names Japanese stocks that trade like bitcoin — and analysts give one over 80% upsideCNBC Pro looks at 10 stocks from the investment bank's screen that stand out for having substantial upside potential, according to FactSet's consensus price targets.Shares of the crypto exchange operator were higher by 5% in afternoon trading and on pace for a weekly gain of about 47%, which would make it its best week since January 2023, when it gained 50%.
The stock had sold off 23% in the previous session, erasing Wednesday's pop trigger by Trump's election win. Week to date, Trump Media shares are flat.The University of Michigan's consumer sentiment gauge came in at 73 in November, rising to the highest level since April. The reading was also better than the consensus expectation of 71 and up from 70.5 in October.Decision 2024
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