Marketmind: China Chill Ahead of Holiday Retail Readout

A look at the day ahead in U.S. and global markets from Mike Dolan Downbeat Wall St markets wondering if they’ve jumped the gun on interest rate cut speculation switched attention to China’s spluttering economic engine and eyed a holiday retail readout. World markets seemed to have returned this week to the ‘glass half empty’ view of 2024 that they started the year with – irked by edgy inflation updates, obstinate central bankers, a mixed start to the earnings season and worrying pockets of economic weakness. Still murky geopolitical developments in the Red Sea and elsewhere and what that may mean for shipping and goods prices, the onset of U.S. election year and congressional budgetary wrangling have also helped sap…

Source: U.S. News & World Report
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