CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Today's top stories: India is not joining the Regional Comprehensive Economic Partnership (RCEP), while China's August inflation rate hit a multi-month high. Meanwhile, Intel may be considering a merger with VMware, and FedEx's earnings miss raises concerns about the US economy.
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribeisn't joining the Regional Comprehensive Economic Partnership
The U.S. Federal Reserve's first rate cut in four years will change the playing field for markets. Under those new conditions, where should investors deploy their cash? CNBC Pro asked seasoned investors from wealth management firms how they'dshares plunged 15.2% after it reported first-quarter earnings that missed expectations. It's not just bad news for the company and its investors.
"On average, it takes 10 quarters after rate liftoff for a downturn to commence. This is the 10th quarter. And given the size of the rate hikes, and the Fed's balance sheet drawdown, joblessness could reach 6%," wrote Lazar.
Fedratecut RCEP India Chinainflation Intelvmwaremerger Fedexearningsmiss
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