\u201cThe tech and AI theme continues to drive regional markets, with China tech giants leading gains again,\u201d said Marvin Chen, an analyst at Bloomberg Intelligence. \u201cInvestors may be seeing better growth potential as Alibaba\u2019s accelerated investment plans show that China AI development is still in relatively early stages compared to the US.\u201d<\/p>\n
Meanwhile, the dollar slipped against all Group-of-10 peers. Federal Reserve Bank of San Francisco President Mary Daly said further interest-rate cuts are\u00a0likely needed, but the US central bank should approach those with caution.<\/p>\n
\u201cSome measured language from Fed officials this week, chiefly Chairperson Jerome Powell, has sucked the momentum out of the equity market rally, which is well overdue for a little pull back,\u201d wrote Kyle Rodda, a senior market analyst at Capital.com in Melbourne.<\/p>\n
In European news, Spanish Prime Minister Pedro Sanchez said he\u2019ll run for\u00a0re-election\u00a0in 2027, despite polls that show his Socialist party would have a difficult time winning a majority in parliament.\u00a0<\/p>\n
Also, the UK\u2019s\u00a0gilt market\u00a0jitters are starting to impact demand at government auctions as fiscal concerns grow ahead of the budget in November.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"\u201cThe tech and AI theme continues to drive regional markets, with China tech giants leading gains again,\u201d said…\n","protected":false},"author":2,"featured_media":159188,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[84,467,56,54,55],"class_list":["post-159187","post","type-post","status-publish","format-standard","has-post-thumbnail","category-markets","tag-business","tag-markets","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/159187","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=159187"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/159187\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/159188"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=159187"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=159187"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=159187"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}