Asian equities look poised for a weak open as investors contend with the prospect of global interest rates staying at their highest levels in decades.
Prime Minister Rishi Sunak’s efforts to use the Conservative Party conference to unite his party ahead of a general election next year suffered an early setback when senior Tories called for immediate tax cuts.
The government is staying open for now. But Bloomberg Economics sees risks ahead, from strikes to higher rates and oil prices.
The Australian arm of PricewaterhouseCoopers has pledged to boost its corporate governance controls in response to firm-commissioned reviews faulting its culture for a leak of government tax plans.
Policymakers from Washington to Frankfurt head into the final quarter of 2023 with tentative grounds for optimism that their fight against inflation is making progress.
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