April 28, 2024

La Ronge Northerner

Complete Canadian News World

The S&P 500 ended an eight-day winning streak as Treasury yields rose

The S&P 500 ended an eight-day winning streak as Treasury yields rose

US-China relations: US Treasury Secretary Janet Yellen and Chinese Vice Premier He Lifeng meet in San Francisco for a second day on Friday, ahead of an expected summit between Joe Biden and Xi Jinping at the Asia-Pacific Economic Cooperation Forum, which begins on Saturday and runs until November 17.

Economic indicators: China’s central bank is expected to publish new November renminbi loan numbers, a measure of credit demand, on Friday.

Earnings: Japanese multinational tire maker Bridgestone will publish third-quarter results on Friday.

Markets: Japanese stocks fell and Hong Kong futures fell on Friday morning. US stocks ended an eight-session winning streak on Thursday after Federal Reserve Chairman Jay Powell warned against being “misleaded” by good price data, saying the task of bringing inflation back to the US central bank’s 2 percent target still had a “long way to go.” . He goes”.

Singles’ Day in China: The country’s largest annual shopping festival concludes on Saturday, with e-commerce sites including Alibaba and JD.com slashing prices to attract consumers.

Diwali: Hindus in India and throughout Asia and the world celebrate the annual “Festival of Lights” on Sunday.

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