SYDNEY (Reuters) -Australian home prices increased at the fastest pace in a year in September, driven by rate cuts and record-low listings, property consultant Cotality said on Wednesday. National home prices increased 0.8% to a record median value of A$857,280 ($565,462) in September, marking the strongest monthly gain since October last year, according to figures from Cotality, formerly CoreLogic. For the quarter, prices were up 2.2%, compared with a 1.5% lift in the second quarter. The monthly gain w ...

Market Overview - U.S. stock futures declined on Tuesday following gains on Monday, with major indices showing lower futures as a potential government shutdown looms [1][2] - The Dow Jones, S&P 500, Nasdaq 100, and Russell 2000 futures fell by 0.20%, 0.16%, 0.14%, and 0.19% respectively [3] Economic Indicators - The 10-year Treasury bond yielded 4.13%, while the two-year bond was at 3.60%, indicating market expectations for interest rate cuts [2] - U.S. pending home sales surged by 4% in August, marking the largest increase in five months, contrasting with a 0.4% decline in the previous month [6] Sector Performance - Information technology, financial, and consumer discretionary sectors saw the most significant gains on Monday, while energy and communication services sectors closed lower [4] - Nvidia Corp. shares rose by approximately 2%, with other AI-related stocks like AMD and Micron also experiencing gains [5] Company Highlights - Robinhood Markets Inc. surged 12% after announcing over four billion event contracts traded on its platform since launch [5] - Lamb Weston Holdings Inc. is expected to report earnings of 55 cents per share on revenue of $1.62 billion [18] - Paychex Inc. is projected to report earnings of $1.21 per share on revenue of $1.54 billion [18] Analyst Insights - Economist Jeremy Siegel noted that recent inflation data supports the Federal Reserve's potential for further rate cuts, projecting two 25 basis point cuts by year-end [10][13] - Siegel emphasized that the economy is healthy but not overheating, with full-year growth estimates around 2.4%-2.5% [12][13] - Goldman Sachs identified potential risks including a growth shock, rate shock, and a significant dollar devaluation that could impact market stability [15]

Group 1 - Representative Marjorie Taylor Greene made a significant investment in a U.S. Treasury Bill valued between $100,001 and $250,000, indicating a strategic shift towards safe-haven assets [2][4] - Greene's previous financial disclosure showed she had sold a Treasury Bill valued between $15,001 and $50,000 in August, highlighting a change in her investment strategy [2][4] - The purchase of Treasury Bills is often seen as a move to lock in higher yields before anticipated rate cuts by the Federal Reserve, which could lead to a decline in yields and an increase in bond prices [3][4] Group 2 - Alongside the Treasury Bill, Greene also made smaller investments ranging from $1,001 to $15,000 in ten different companies and funds, including major tech firms like Alphabet Inc. and Adobe Inc. [4][5] - The investments in tech stocks and a Bitcoin ETF reflect Greene's ongoing interest in these sectors, with previous reports indicating her familiarity with these assets [6] - Greene's investment in Alphabet was notably well-timed, occurring just five days before a favorable court ruling that positively impacted the stock price [6]

Is there a real market impact uh from a potential government shutdown. As uh Beth Hammock just mentioned, they generally last a few days. Is there a genuine market impact that investors should be mindful of.You know, I think it's going to have a lot of other impacts certainly on the data as she mentioned, but you know, in terms of overall market impact, there have been about seven depending on what you count, shutdowns in the last 40 years, and the market impacts typically been muted. So, I think if we saw ...

for a look at the economy following last week's PCE report. To join us right now is Carlile, head of global research, Jason Thomas. Good morning to you, sir.I think we're all trying to figure out where we really are. So, where are we. >> Well, I I think when you think when you look at the PCE report, I think the first point to make is that the Fed has not hit its inflation target in now 54 months.That's quite a long time. There are about three million uh children who are enrolled in elementary school in the ...

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Market Overview - The S&P 500 has reached 28 all-time highs in 2025, with September recording the highest number of new all-time highs since 2017 [3] - The median year-end forecast for the S&P 500 in 2025 was initially set at 6500 but was adjusted downwards after a market decline, now reflecting a modest 2% gain from a previous 13% target [4] - Analysts have revised their earnings growth expectations for the S&P 500 to 9.4% for the year, up from 7.1% shortly after Labor Day [4] Investor Sentiment - The BofA Global Fund Manager Survey indicates a bullish sentiment among 196 surveyed money managers, with the sentiment measure rising to 5.4, the highest since February 2025 [5] - Growth expectations among these managers saw their largest increase since October 2024 [5] Interest Rate Expectations - A significant 59% of surveyed managers anticipate either 2 or 3 rate cuts within the next 12 months, while only 6% expect an increase in short-term rates [6] - The percentage of managers expecting higher inflation has risen to 49%, up from just 9% in September 2024 [6] Market Performance - The Dow Jones Utility Average was the best performer for the week, gaining 2.3%, while the SPDR Gold Share increased by 2.2%, marking a year-to-date gain of 43.2% [8] - The S&P 500 experienced a slight decline of 0.3% for the week, with 1092 advancing issues and 1724 declining on the NYSE [9] Technical Analysis - The S&P 500 has surpassed its four-week highs in August, with a yearly resistance level at 6469 now acting as support [10] - The advance/decline line for the S&P 500 has been declining but remains above its weighted moving average, indicating a positive trend despite recent market fluctuations [11] Cash Levels and Market Dynamics - The FMS cash level was unchanged at 3.9% in the latest report, with higher levels in the 4.5-5% range deemed necessary to support further market rallies [13] - The bull-bear percentage differential shows a slight increase, with 41.7% bulls and 39.2% bears, indicating a bullish sentiment among investors [15]

Summary of Key Points from the Conference Call Industry Overview - **Industry**: Asia Pacific Economics - **Key Focus**: Discussions with US investors regarding the economic outlook for Asia, particularly China, India, and Japan Core Insights 1. **Business Cycle Outlook for Asia**: - Investors are generally optimistic about growth, particularly equity investors compared to fixed income investors who anticipate a modest slowdown. - There is a strong IT capital expenditure in the US, which is expected to support Asia's exports [6][5][5] 2. **China's Macro vs. Market Divergence**: - Investors recognize the weakness in China's macroeconomic landscape but expect markets to diverge from macro trends. - The anti-involution policy is seen as insufficient to address deflationary pressures [22][22][5] 3. **India's Domestic Demand Recovery**: - Investor sentiment is bearish on India due to recent deceleration in corporate revenue and profit growth. - However, a recovery is anticipated from Q4 2025 driven by fiscal and monetary easing measures [26][27][28] 4. **Japan's Policy Rate Path**: - Most investors expect the Bank of Japan (BoJ) to hike rates sooner rather than later, contrary to the base case which does not foresee rate hikes even in 2026. - The current inflation dynamics are largely influenced by supply factors rather than demand [29][30][32] Additional Important Insights 1. **Impact of Tariffs**: - The weighted average tariff on imports from Asia has risen to 25%, significantly impacting growth expectations. - The US-Korea trade deal remains unresolved, with auto tariffs still at 27.5% [7][5][5] 2. **Korea's Trade Cycle**: - Recent data indicates a slowdown in Korea's exports, with daily exports contracting by 10.6% after adjusting for working days, highlighting broad-based weakness [8][8][8] 3. **Rate Cuts in Asia**: - More rate cuts are expected across Asian economies, particularly in India, Korea, Indonesia, and Taiwan, as growth and inflation pressures persist [16][19][19] 4. **China's Deflationary Pressures**: - For a sustainable exit from deflation, significant shifts in the growth model are necessary, including reducing excess capacity and boosting domestic consumption [23][24][24] 5. **Investor Focus on Micro Themes**: - Investors are increasingly interested in micro themes such as emerging frontiers and sectors benefiting from anti-involution policies, rather than macroeconomic recovery [25][25][25] 6. **US-India Trade Relations**: - Ongoing trade tensions pose risks to India's growth outlook, particularly concerning services exports which constitute a significant portion of GDP [28][28][28] 7. **Japan's Corporate Profit Outlook**: - The slowdown in global trade is expected to adversely affect corporate profits, especially in the manufacturing sector [34][34][34] This summary encapsulates the key discussions and insights from the conference call, providing a comprehensive overview of the current economic landscape in Asia and the sentiments of investors regarding future growth and risks.

Core Insights - The article discusses the impact of tariffs and tight credit conditions on hiring plans across various sectors [1] - It highlights that certain channels for interest rate relief are currently obstructed, complicating the financial landscape for businesses [1] Group 1: Economic Impact - Tariffs are creating additional costs for companies, which may lead to reduced hiring and investment plans [1] - Tight credit conditions are making it difficult for businesses to secure financing, further hindering their ability to expand and hire [1] Group 2: Financial Environment - The article notes that some avenues for rate relief, such as potential cuts in interest rates, are not accessible at this time, limiting options for businesses seeking financial support [1] - The overall economic environment is characterized by uncertainty, which may affect long-term planning and growth strategies for companies [1]

Core Viewpoint - Markets tend to experience a rally in anticipation of interest rate cuts, but often see a decline once those cuts are actually implemented [1] Group 1 - Anticipation of rate cuts leads to market rallies [1] - Implementation of rate cuts can result in market declines [1]