global economy

It is going to be a rough ride

I might have missed out on some of the exciting returns, but I am still not suffering from Fomo trades

Equities in Hong Kong, China and South Korea retreated while shares in Australia edged higher. Japan’s Nikkei 225 climbed as tech shares rebounded on solid earnings from Tesla and SK Hynix.

Whether it is the coming presidential election, how America’s economy performs, what its central bank will do, how the USD will move or how much oil it could produce — all these matters greatly to us.

The survey also revealed that CEO confidence in the global economy has fallen to 72% this year.

Investors should recognise that the privatisation of an undervalued company occasionally is part and parcel of capital markets.

Read more in this week's Briefs in the latest issue of The Edge Singapore.

Two US Treasury secretaries who navigated the GFC said next administration will inherit a vibrant economy with "dark" challenges.

In other news this week: US yield curve steepens as Fed rate cuts loom; S&P 500 snaps longest streak.

Blinken leaves Wednesday on his trip, which will also include stops in Singapore, Laos, Mongolia and Vietnam.