Les dépêches mercredi matin; ce jour, Fed, on n’attend rien

  • Republicans in the US House of Representatives have delayed an announcement of a tax cut plan, as they have been unable to agree on details.
  • The US Federal Reserve is expected to do nothing at the conclusion of today’s meeting. A rate increase is expected in December, and the process of destroying billions of dollars of US money supply is already underway.
  • Markets remain uncertain about who the next Fed chair will be.
  • The US ISM opinion poll on manufacturing sentiment is due.
  • The UK BRC shop price index showed ongoing (marginal) deflation in goods prices.

[Bloomberg] Japan Leads Asia Stock Rally as Dollar Advances: Markets Wrap

[Bloomberg] Asia shares hit 10-year high on strong economy, oil gains

[CNBC] The House GOP will delay releasing its tax bill until Thursday

[CNBC] Caixin China manufacturing PMI is 51.0 for October, meeting expectations

[Bloomberg] This Four-Bedroom Home in Hong Kong Just Sold for $149 Million

[WSJ] Chinese Property Shopping Spree Fades as Beijing Hits the Brakes


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