SINGAPORE: A more hawkish-than-expected Jerome Powell sent US stocks spiralling lower Wednesday and analysts expect more of the same for Asia yesterday.
This month of economic chaos will be a warning to any future British leaders about the risk of being reckless with the country’s finances, said UK traders after Prime Minister Liz Truss resigned.
On Tuesday, traders will be watching as some big names – including Pepsi, Citigroup, Wells Fargo and Delta Airlines – are set to announce 3Q earnings later in the week.