Asia Stocks Set for Mixed Open as US Rally Falters: Markets Wrap
Stocks in Asia are set for a mixed open following a sluggish US session, with investors split on whether the market can sustain this month’s rally given economic crosscurrents.
Stocks in Asia are set for a mixed open following a sluggish US session, with investors split on whether the market can sustain this month’s rally given economic crosscurrents.
Cryptocurrency exchange FTX has amassed billions of dollars more than it needs to cover what customers lost in its November 2022 collapse, setting them up to receive full recoveries under the company’s bankruptcy.
Australia will spend A$566 million ($373 million) over the coming decade to map out resource deposits with a focus on reserves of critical minerals, which are vital for high-tech manufacturing and the green-energy transition.
Former Treasury Secretary Steven Mnuchin said a strong dollar is an advantage in helping the US to finance large fiscal deficits for now, but called on the winner of November’s presidential election to lead a new initiative to rein in the federal debt burden.
Copper briefly traded through $10,000 a ton as investors raised bets on Federal Reserve rate cuts, and Goldman Sachs Group Inc. warned of intensifying supply stress.
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