Wall Street and Global Business News Insights
In the latest business update, Peter Switzer, founder of the Switzer Report, discussed the impact of rising Middle East tensions on global markets. While Wall Street remains cautious, the U.S. economy is showing strong signs, with corporate earnings holding steady and job numbers indicating no recession. Higher-than-expected inflation was reported but only slightly above predictions.
Additionally, China’s economic activity is in focus this week as experts expect potential fiscal spending increases, which could positively impact Australia’s economy and stock market. The upcoming Chinese data on fiscal spending is critical, as it will influence global economic movements over the next few months.
Source Skynews