Financial News
- James Hyerczyk
Eurozone’s Sentix Index improved, sparking cautious economic optimism, but global stagnation fears still check sentiment rise.
- Bob Mason
Financial markets brace for a week of uncertainty with pivotal events like Fed Chair Powell’s speeches, RBA’s rate hike, and UK GDP on the horizon.
- Bob Mason
Bitcoin spot-ETFs, XRP and Ripple, the WSJ article, and the SEC were in the spotlight. The Sam Bankman-Fried verdict got the Friday headlines, however.
- Vladimir Zernov
The sector has grown in 40 of the last 41 months.
- James Hyerczyk
October jobs report falls short of estimates with a 150,000 increase, signaling mixed labor market health.
- Vladimir Zernov
SP500 futures are moving higher in premarket trading as traders bet on a less hawkish Fed.
- James Hyerczyk
The Bank of England’s MPC paused its 14-hike streak due to Middle East events and looming inflation, suggesting possible future tightening.
- Bob Mason
The imports of one-offs limited the impact of Australian trade data on RBA rate hike bets. Imports surged by 7.5% in September.
- Vladimir Zernov
Markets stay choppy as traders wait for Powell’s press conference.
- James Hyerczyk
In October, the private sector added 113,000 jobs, missing the Dow Jones forecast of 130,000, while wage growth hit a one-year low at 5.7%.
- Bob Mason
The China Caixin Manufacturing PMI for October raised question marks about the economic outlook and the effectiveness of stimulus measures.
- Vladimir Zernov
Consumers are worried about rising prices, political situation, and high interest rates.
- James Hyerczyk
In October 2023, Eurostat forecasts a drop in Euro area inflation to 2.9% from 4.3%, a sharp -11.1% energy rate decline, and a 0.1% GDP dip.
- Vladimir Zernov
The Company Outlook Index has slightly improved from -17.5 to -17.1.
- Bob Mason
Currency movements will be driven by central bank actions, economic data, and market sentiment in the coming days.
- Bob Mason
BTC-ETF market news fueled demand for cryptos. However, XRP trailed amidst fear of the SEC appealing the Programmatic Sales ruling.
- Vladimir Zernov
The pullback in Consumer Sentiment was driven by higher-income consumers and those with sizable stock holdings.
- James Hyerczyk
In September 2023, US personal income rose $77.8 billion (0.3%), spending surged by $138.7 billion (0.7%), and Core PCE inflation held steady at 0.3%.
- Vladimir Zernov
The report exceeded analyst expectations, providing additional support to U.S. dollar.
- James Hyerczyk
In Q3 2023, GDP surged to 4.9% driven by consumer spending, though personal savings saw a decline, hinting at future financial concerns.