【The US】
🔸 US deficit for fiscal 2024 estimated at US$1.8 trillion, largest after Covid. The Congressional Budget Office (CBO) estimated on Tuesday a US federal deficit of US$1.8 trillion for fiscal 2024, the highest in the post-Covid era, as debt interest costs jumped sharply and outlays rose for Social Security, Medicare and health insurance tax credits. The estim...

【The US】
🔸 US trade deficit narrows sharply in August. The US trade deficit narrowed sharply in August as exports increased and imports fell, suggesting that trade could be a small drag on economic growth in the third quarter. The trade gap contracted 10.8 per cent to US$70.4 billion from a revised US$78.9 billion in July, the Commerce Department’s Bureau ...

【China】
🔸 Chinese Stocks Surge on Return from Holidays as Euphoria Extends. Chinese stocks listed onshore jumped as trading resumed following a week-long holiday, with encouraging home sales and consumption data giving fresh impetus to a rally sparked by Beijing’s stimulus blitz. The benchmark CSI 300 Index and SSEC Index climbed almost 11% in early trading before paring its advance. The measure h...

【The US】
🔸 ADP: Private Sector Jobs Bounce Back in September, Beating Forecasts. Private employers added a better-than-expected 143,000 jobs in September in a bounce back from sluggish summer hiring, payroll firm ADP said on Wednesday. The gains were broad-based with only the information technology showing a slight decrease. Increases occu...