Asian stocks steady as AI, Mideast jitters recede; dollar firm on Fed bets
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Asian markets and US equity futures made a steady start on Monday after a wild week.
- ✓Kyle Rodda said, "The markets are far from being out of the woods yet." Investors now watch for a December rate hike after a strong jobs report showed employers added 165,000 jobs last month.
Story at a Glance
- Category
- Indian Markets
- Reported By
- Reuters
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
HONG KONG, Nov 9 (Reuters) - Asian markets and US equity futures made a steady start on Monday, wobbling into positive territory after a wild week where doubts about demand for computer chips sent tech-heavy markets in Asia into some of their steepest falls in years.
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US stock futures, the S&P 500 e-minis , were a touch higher. On Friday, Wall Street equities rallied to end a chaotic week after heavy AI-related selling, helping to calm some nerves.
Global stocks had already been on shaky ground in recent weeks with the AI trade crumbling in the face of rising interest rates, until the US midterm results unleashed deeper worries about increased regulation of AI and data centres.
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