A look at the day ahead in European and global markets from Anshuman Daga
than markets expected, the red-hot labour market means the Fed's aggressive monetary policy is here to stay.New York Fed President John Williams reiterated on Friday that more rate increases are needed to bring downFutures pricing now indicates a nearly 90% chance of a 75 basis point rate hike next month and more than 150 bps of tightening by May.
Asian tech shares saw sharp falls along with chipmakers, following the latest U.S. crackdown on China's chipmaking industry to slow Beijing's technological and military advances."What else can the Fed do to slow down demand and bring inflation closer to target; how does it reduce job creation?" Rick Rieder, head of BlackRock's global allocation investment team, asked in a note.
This week will be dominated by the International Monetary Fund and World Bank's annual meeting where the who's who of finance and central banking descend on Washington.
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Morning Bid: China back for dollar thwackAsian trade could be more volatile than usual as China reopens after the Golden Week holiday.
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U.S. job growth strong in September as labor market forges aheadU.S. employers hired more workers than expected in September, while the unemployment rate dropped to 3.5%, pointing to a tight labor market which keeps the Federal Reserve on its aggressive monetary policy tightening campaign for a while.
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