China announces underwhelming stimulus, US dollar rises, stocks remain positive.

From Investing.com: 2024-10-14 06:06:00

Chinese officials have announced more measures to support the property sector and businesses, promising further stimulus plans. However, details on the size and specifics of the package were missing, leaving investors unimpressed. Despite this, equity markets remained positive, with China’s major indices closing up by about 2%.

The US dollar is looking to extend its gains after strong data boosted expectations of a Fed rate cut. The week ahead will focus on Thursday’s retail sales numbers for September.

The upcoming ECB meeting is expected to see a 25 bps rate cut, while the UK awaits key data releases for further clues on BoE policy. Oil prices slipped as lack of escalation in the Middle East conflict weighed on prices.



Read more at Investing.com: US Dollar Edges Up, Stocks Muted as China Stimulus Underwhelms