Posted 10/16/2023, 2:08:00 AM
Stocks Steady as US Seeks to Deescalate Israel-Hamas Conflict; Tensions Remain Over China Semiconductors and Geopolitics
- Markets steadied Monday in Asia as US and allies try to prevent escalation of Israel-Hamas conflict. Stocks slipped in China despite central bank making big liquidity injection.
- US tightening restrictions on China's access to advanced semiconductors amid geopolitical tensions.
- Markets parsing economic data and central bank comments for policy outlook clues. Disinflation underway, says Philly Fed president.
- Big Tech sold off Friday. JPMorgan CEO warns of dangerous geopolitical risks from widening Israel-Hamas conflict.
- Key events this week China growth data; US retail sales, production; Fed chair Powell speaks; RBA governor speaks; Morgan Stanley, Tesla earnings.