Stocks were headed for their biggest weekly rise in a year on Friday, while bonds rallied and the dollar was on the back foot as investors cheered a pause in U.S. interest rate hikes.
US Treasury Secretary Janet Yellen on Thursday said the Biden administration was committed to expanding trade and investment with Indo-Pacific countries, emphasizing the region's strategic importance ahead of a major summit of Pacific Rim leaders this month in San Francisco.
The ongoing intensification of Israeli military operations in Gaza is posing a significant threat to the global economic recovery, potentially suppressing growth and causing spikes in energy and food prices. This situation comes at a time when countries worldwide are still recovering from the economic fallout of the COVID-19 pandemic and Russia's invasion of Ukraine.
Malaysia is scouting for foreign investors in high-value industries such as electric vehicles, semiconductors and carbon capture, its trade and investment minister said on Thursday.
Euro zone manufacturing activity took a further step back last month in a broad-based downturn, according to a survey which showed new orders contracted at one of the steepest rates since the data was first collected in 1997.
Japan's economy likely shrank in the July-September period, the first contraction in four quarters, according to a Reuters poll, heightening challenges for the central bank's exit from ultra-loose monetary policy.