Asia-Pacific stocks look set for a muted open even after China’s manufacturing PMI for bounces back to expansion territory.
Asia-Pacific stocks look set for a muted open after manufacturing data out of China bounced back to expansion territory.China's markets are closed for the weeklong Golden Week holiday. South Korean and Hong Kong's markets are also closed for holidays.
This development should be welcome news for the market and offer a boost coming off a tough week, according to Jamie Cox, managing partner at Harris Financial.A key inflation reading showed price increases slowing in August.Both readings were lower than July, when the core readings were 0.2% and 4.3%. The PCE is the Federal Reserve's preferred inflation dataset.prices hit a high not seen in multiple months in the final trading day of what's shaping up to be the best month since January.
The metal traded as high as $2,334 per metric tonne. That's the most expensive since May 9, when it reached $2,338.50. Aluminum is up about 4% week to date. If that holds, it would mark its fifth winning week out of the last six. Those gains have pushed the metal up about 5.7% on the month, with just Friday's session left. That performance marks the best since January, when aluminum gained around 11.2%.Bill Ackman’s 'SPARC' gets OK from the SEC and he’s ready for a deal
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