Financial Market Preview - Wednesday 23-Oct
FactSet U.S. Daily Market Preview - A podcast by FactSet
Categories:
S&P futures are pointing to a flat open today. Asian markets finished Wednesday trading mixed, with Japan down for a second consecutive day. European markets opened flat and are edging lower in early trades. For today's highlight, recent reports from China suggest a think tank proposal advocating for increased fiscal support through special government bond issuance to enhance social welfare, alongside a proposed CNY2T stock market stabilization fund. This fund would focus on purchasing blue-chip stocks and ETFs. Markets are watching the upcoming NPC Standing Committee meeting for potential details and a headline stimulus figure.Companies Mentioned: Spirit Airlines, Qualcomm, McDonald's, Eli Lilly