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Market Update: Nasdaq, S&P 500, and Dow Jones on the Rise
On Monday, the Nasdaq Composite Index and the S&P 500 saw gains of 0.87% and 0.77%, respectively, while the Dow advanced by 0.47%. These positive movements reflect the current market trends and investor sentiment.
China Trade Data and the Call for More Stimulus
Recent trade data from China has highlighted a decline in demand, with exports increasing by a slower 2.4% year-on-year in September. This is down from the 8.7% rise seen in August. The lackluster imports align with inflation figures, indicating growing deflationary pressures over the weekend.
China’s Ministry of Finance (MoF) press conference over the weekend introduced new fiscal policy measures, sparking discussions about the need for additional stimulus to boost household spending. Despite this, negative sentiment towards the stimulus measures has overshadowed the risk-on sentiment from the US session.
Expert Insights on China’s Stimulus Measures
Natixis Asia Economist Alicia Garcia Herrero provided her perspective on China’s stimulus measures, stating, “It is clear that stimulus will come, but the size and direct impact on households remain uncertain.” This uncertainty adds an interesting layer to the market dynamics, as investors observe China’s next moves.
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