Morning Bid: China clouds global 'Goldilocks' outlook
Investors in Asia kick off the new trading month on the front foot, optimistic about a U.S. 'soft landing' and dovish Fed outlook, which should help boost risk appetite and the appeal of emerging market assets.
As ever though, the danger at times like this is complacency - episodes like the Aug. 5 volatility shock are always lurking, and next time the impact may not be so fleeting. And there's also China. In fact, the composite PMI slipped to 50.1, the lowest since December 2022 when China's economy re-opened, signaling almost no growth at all.
Overall liquidity and market activity will be lighter than usual with U.S. markets closed on Monday for Labor Day, but the backdrop generally remains constructive.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Morning Bid: Optimism rises, but China inflation loomsMorning Bid: Optimism rises, but China inflation looms
Read more »
Morning Bid: Rate-cut relief doused by geopoliticsMorning Bid: Rate-cut relief doused by geopolitics
Read more »
Morning Bid: US rate cuts loom as BoJ warns of hikesMorning Bid: US rate cuts loom as BoJ warns of hikes
Read more »
Morning Bid: The softest of soft landingsMorning Bid: The softest of soft landings
Read more »
Morning Bid: US soft landing hopes lift EM assetsMorning Bid: US soft landing hopes lift EM assets
Read more »
Morning Bid: Growth fears fade as quickly as they comeMorning Bid: Growth fears fade as quickly as they come
Read more »