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Market Watch
Markets continue climbing, but with wary eye on economic and geopolitical developments
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The current market expectation for a 25-basis-point Fed interest rate cut at the Nov 7 rate-setting Federal Open Markets Commitee meeting is running at 90 per cent.
PHOTO: REUTERS
SINGAPORE - After a strong performance during the first nine months of the year, investors appear to be taking a wait-and-see attitude amid increasingly uncertain geopolitical events and as details of China’s fiscal stimulus start to crystallise. Many are also watching how the US’ third-quarter corporate earnings season pans out.
That said, markets have generally held up well, with Wall Street’s three marquee indexes clawing their way to new record highs.
