Global equities ended mixed as optimism over the US government reopening was offset by renewed hawkish comments from Federal Reserve officials. The S&P 500 barely moved, while the Nasdaq slipped 0.2 percent amid renewed worries about artificial intelligence valuations.
Asian markets were equally uneven. China’s CSI 300 fell 1.1 percent due to weak factory output, while Japan and Hong Kong managed modest gains. European stocks rallied as stronger corporate earnings outweighed policy concerns.
Investors are now recalibrating expectations for US interest rates, with the probability of a December rate cut falling below 50 percent. The uncertainty has pushed US Treasury yields higher, affecting emerging-market currencies including the peso.
Global oil prices remained soft at 64 dollars per barrel, while gold and copper advanced on safe-haven demand.
Analysts said the tug-of-war between inflation and growth fears will continue to dominate sentiment into year-end.