A look at the day ahead in U.S. and global markets from Mike Dolan
The final day of another punchy quarter for U.S. stocks has proven a more volatile affair overseas: China’s stellar stock recovery has added another whopping 8% pre-holiday, while Tokyo’s swoon on the new Japanese prime minister jarred in the other direction.
For Wall Street, Federal Reserve Chair Jerome Powell tees up in Nashville later to give his latest steer on the unfolding Fed easing cycle, with soothing August inflation numbers as a welcome backdrop. The rest of the week looks set to be dominated by soundings on the labor market, the upcoming earnings season and the start of the election-edged final quarter.
China, however, continues to hold global investors in thrall after last week’s sweeping series of monetary stimuli and real estate and stock market props. The hyperactive policy scramble kept going over the weekend, with China’s central bank on Sunday telling…
