Investors wait for U.S. ISM data to provide clues to interest rate cuts
2025-10-03 08:07:58
Investors are waiting for the September ISM non-manufacturing PMI data to be released at 22:00 Beijing time as the U.S. government shutdown continues and market trading is light. XTB analyst Kathleen Brooks said the weaker-than-expected data could raise expectations for further interest rate cuts by the Federal Reserve and lead to lower U.S. Treasury yields. However, the strong data could provide some support to U.S. Treasury yields and the dollar, and weigh on stocks. (Jin Ten)
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