Global Market Quick Take: Asia – October 2, 2023

From home.saxo

US stocks were flat to lower to end the week and the quarter, as the initial strength following the softer PCE was reversed amid rebalancing flows. Major indices posted their worst quarterly performances in a year with higher-for-longer message reverberating through the markets, also Treasury yields steadied on Friday. Risk sentiment could get a boost with US shutdown averted for now, and focus remains on auto strikes and consumption trends into Q4. Equities: US equity futures rose higher on Monday at the Asia open with a US government shutdown averted for now after a weekend deal. Softer PCE tone was offset by ... (full story)