Asia-Pacific markets are set for a positive start to the week as Chinese markets come back from a week long Golden Week holiday.
Investors will be watching inflation readings and trade data out from China and India later this week, as well as a monetary policy decision from Singapore's central bank.This comes after the index notched a five-day losing streak and fell below the 7,000 mark for the first time since March on Friday.
Benchmark oil prices were higher on Sunday as stock futures fell, seemingly responding to the outbreak of war between Israel and Palestine.The outbreak of war between Israel and Palestine on Saturday will likely add yet another factor to traders already navigating a difficult market.The Palestinian militant group Hamas took Israel largely by surprise on Saturday morning, seemingly avoiding raising any suspicions of Israel's intelligence network.
30-day fed funds futures pricing data on the Chicago Mercantile Exchange suggest a more than 45% probability that the Federal Reserve will raise its benchmark lending rate by a quarter-point, or perhaps as much as half a point, by the end of its December policy meeting.Utilities stocks sink as Treasuries become more attractive to investorsUtilities are seen as bond proxies because of their high dividend yields.
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