Hong Kong property sales in September saw an increase in the number of deals and value on the back of easing interest rates and a resurgent stock market, according to property agents. Deals covering new and lived-in homes, office spaces, shops, car parking slots as well as industrial units were estimated to have risen 6.2 per cent month on month to 6,862 units in September, with the total value up 14 per cent to HK$54.35 billion (US$6.98 billion), according to Centaline, one of the city's largest property ...

Spencer Platt / Getty Images Private jobs reports have indicated that the job market may be a little shaky. Key Takeaways The job market showed signs of weakness, according to a pair of reports from private companies, with one indicating that hiring is on track to be its lowest for any year since the Great Recession. The data from ADP and Challenger, Gray & Christmas typically plays second fiddle to official government data, but that's not being produced during the government shutdown that began on Wed ...

Bitcoin topped a price of $120,000 per coin on Thursday for the first time since mid-August as the U.S. government shutdown entered its second day—and as investors piled back into exchange-traded funds with the hope that the Federal Reserve would soon cut interest rates. The price of Bitcoin recently touched a price of $120,286 after rising 2% over a 24-hour period, according to CoinGecko data. Over the past week, the leading cryptocurrency has shot up by nearly 8%, rising again after a recent lull as inves ...

Joining us right now is Gabriella Santos. She is chief market strategist for the Americas at JP Morgan Asset Management. And uh Gabriella, why don't we just start with yesterday's new highs despite the government shutdown. We know that government shutdowns often don't uh affect the markets.In fact, you tend to see the markets trade up. Um but what what is happening. Is this a case where we're looking at this thinking this will be resolved quickly.Thinking it doesn't matter. what you're seeing from spending ...

The CNN Money Fear and Greed index showed further improvement in the overall market sentiment, while the index remained in the “Neutral” zone on Wednesday.U.S. stocks settled higher on Wednesday, with the S&P 500 closing at a record high level during the session.The resilience came on the heels of two major economic headwinds: the start of a federal government shutdown and the weakest private payrolls report in more than two years.The ADP Employment Report for September showed a drop of 32,000 private-secto ...

Key Takeaways The Fed lowers rates by 25 bps, signaling two more cuts by the end of this year.Morgan Stanley expects stronger IB fees from revived M&A, equity offerings and debt issuance.Trading income should rise as rate shifts drive volatility across FICC and equities markets.The Federal Reserve implemented a 25-basis-point interest rate cut earlier this month, after a nine-month pause. It also signaled two more cuts by the end of this year. Against such a backdrop, let’s try to decipher how Morgan Stanle ...

The major U.S. index futures are currently pointing to a higher open on Monday, with stocks likely to extend the upward move seen over the course of last Friday's session.The may benefit from resumed strength among artificial intelligence stocks, which helped lead a pullback in the middle of last week.Shares of AI darling and market leader Nvidia (NVDA) are jumping by 1.0 percent in pre-market trading, while shares of Oracle (ORCL) are climbing by 0.9 percent after moving sharply lower over the past severa ...

U.S. stock futures rose on Monday following Friday’s advances. Futures of major benchmark indices were higher.As the futures advanced, gold prices also hit a new all-time high on Monday morning, with the investors overlooking the possibility of a Donald Trump-led government shutdown. While the market appears calm, a key risk that looms with the near-certainty of the shutdown is a potential blackout of crucial economic data that could leave investors and policymakers flying blind. Meanwhile, the 10-year Trea ...

Key Points The market is willing to take on more risk with lower interest rates. Quantum computing is one area that some investors are exploring. There are multiple approaches to this still-novel field of technology. 10 stocks we like better than IonQ › As interest rates fall, it becomes harder for investors to produce an acceptable return. Instead of risk-free assets like bonds, they must turn to riskier investments to produce better returns. This increases the potential attractiveness of high-r ...

Labor Market Insights - The upcoming employment report is expected to provide clarity on the labor market, particularly regarding unemployment concerns that influenced the Federal Reserve's recent interest rate cut [3][4]. - The economy added 22,000 jobs in August, indicating a weaker performance compared to previous months, with a slight increase in unemployment [3][4]. Key Economic Data and Earnings Reports - A variety of labor market data will be released this week, including consumer confidence, home prices, factory orders, and construction spending [2]. - Earnings reports from major companies such as Nike, Carnival, and ConAgra Brands are anticipated, with Nike's report particularly focused on its turnaround efforts [5][6]. Company-Specific Developments - Nike is expected to reveal the effectiveness of its turnaround strategy in its quarterly earnings report, following smaller-than-expected declines in profits and sales [5]. - Tesla's upcoming delivery figures may surprise analysts positively, as there is an expectation of increased consumer activity due to expiring EV tax credits [5]. - Carnival's earnings report will be scrutinized to assess its ability to maintain recent success, while ConAgra Brands is expected to report on its sales performance after a previous decline [6].