Bilal Mohamed’s Post

New Post: Round up of today’s market news - https://lnkd.in/ds_yWq_Q US Stock Markets Shift in Divergent Directions: S&P and NASDAQ Retreat from Early Gains * After-Hours Earnings: Netflix Inc \(NFLX\) Q3 reporting better than expected earnings * Atlanta Fed GDPNow ticks up as we get closer to Q3 GDP * US must have healthy relationship with China based on level playing field - Yellen * Reuters Poll: BOC to cut overnight rate by 50 basis points on Oct 23 * Gold Hits Record High * EIA weekly crude oil inventories -2191K * European equity close: Stocks cheer the ECB rate cut * ECB cuts key rates by 25 bps in October monetary policy decision, as expected * ECB's Lagarde: Economic activity has been somewhat weaker than expected * China says it has invited EU technical team over for next phase of EV negotiations * People's Bank of China dep. governor says rate cut applies to 90% of existing mortgages

New Post: Round up of today’s market news - https://lnkd.in/dHPyFrFh US Stocks Rebound, Dow Leads with Strong Gains While Tech Struggles * Gold Surges amid stronger risk sentiment, Eyeing the $2,700 Mark * Crude oil settled at $70.39 * Silver Surges as Bulls Target $32.00 * Oil private survey of inventory shows a headline crude oil draw bigger than expected * European equities closes mixed * BOJ governor Ueda to visit China later this week * Westpac continue to expect no cash rate cut from the Reserve Bank of Australia this year * Japan's largest union group Rengo reportedly eyes wage hike of 5% or more in 2025 * BOJ's Adachi says conditions are already in place to start normalising policy

New Post: Round up of today’s market news - https://lnkd.in/dGjjvhKf US Equity Markets Decline as Chipmakers and China Stocks Weigh Heavily NY Fed survey: Credit delinquency expectations rise to highest since April 2020 Fed's Daly: If forecast met, I see one or two rate cuts this year CIBC now sees the Bank of Canada cutting rates by 50 basis points WTI crude oil falls 4% IEA cuts 2024 oil demand growth forecast amid China's stumble China imported more Copper and large quantities of Copper ore again in September – Commerzbank European equity close: DAX touches a new high then gives it back China's economy set to miss growth target in 2024 - Reuters poll China banks reportedly set to trim rates on ¥300 trillion of deposits as soon as this week BOJ seen keeping interest rates unchanged through year-end - poll

New Post: Round up of today’s market news - https://lnkd.in/djN-6gjK S&P Index Hits New High as Dow Jones Gains Over 200 Points; NASDAQ Leads the Rally Fed's Waller says that they should proceed with more caution on rate cuts than what was needed at September meeting The Earnings calendar this week includes Citi, BofA, J&J, Goldman, United, TSMC & Netflix Gold Retreats as China's Stimulus Efforts Fall Short Amid Strengthening US Dollar Crude oil settles at $73.83 OPEC cuts global oil demand growth forecast for third month in a row European equities closed higher China Announces CNY 6T treasury bond plan to support local debt & property market stability China September CPI data came in below expectations as PPI slumped further New Zealand retail sales slumped further in September Singapore's central bank leaves monetary policy unchanged

New Post: Round up of today’s market news - https://lnkd.in/dmkCAru3 Stock Market Closes Choppy Week with Strong Rally * US PPI data revealed mixed results * Fed's Logan: Less-restrictive policy will still cool inflation * Elon Musk unveiled the Robotaxi at Tesla's "We, Robot" event * BOC business outlook survey says "demand is weak" * Gold Extends Rally Following Dip in US Consumer Sentiment Index * Weekly Baker Hughes oil rig count * IKEA calls for more China stimulus as sales slip * Singapore's central bank meets Monday, expected to maintain steady policy * Bank of Korea rate cuts as expected

New Post: Round up of today’s market news - https://lnkd.in/dpnwQrMu US Stocks Close Modestly Lower Amid Mixed Data and AMD's AI Chip Launch Bank earnings start tomorrow with BNY Mellon, Wells Fargo, and J.P. Morgan Chase US treasury auctions off $22 billion of 30 year bonds US CPI comes in hot as jobless claims rose Fed's Williams: Expects that the economy will allow the Fed to cut further Gold Climbs Amid Mixed US Economic Data Silver Rebounds, Climbs Above $31.00 European equities closes mostly down SNB's Martin: No plans to use negative interest rates at the moment PBOC to establish securities, funds to aid capital market stability BOJ's Himino: We will hike rates if outlook for economy, prices in July report is achieved

New Post: Round up of today’s market news - https://lnkd.in/dKAhMACX Major US Indices Close Higher as S&P and Dow Jones Leads The Way Ahead of CPI Data US treasury auctions of $39 billion of 10-year notes Atlanta Fed GDPNow growth estimate for Q3 unchanged FOMC Minutes: A substantial majority of participants supported a 50 basis point cut Fed Officials' Opinions and Agreements Fed's Logan: A 'more gradual' path on rate cuts likely appropriate from here Fed Vice-chair Jefferson says Bank has not changed its approach to monetary policy Gold Extends Losses Amid Fed Minutes and Awaited CPI Data Crude oil settled at $73.24 EIA weekly oil inventories +5810K European equity close: Strong bounce with the DAX leading the way Germany's economy ministry now sees contracting economy in 2024 ECB 'very likely' to reduce interest rates next week, says Villeroy Lloyd's of London warning on potential $14.5 trillion global economic loss World Bank says China growth rate will drop next year, doubt over recent stimulus measures

New Post: Round up of today’s market news - https://lnkd.in/dqXWD4ea Major US Indices Rebounds China Stocks Struggle Amid Stimulus Concerns Atlanta Fed Q3 GDPNow +3.2% US treasury auctions off $58 billion of 3-year notes PepsiCo expect higher borrowing costs to impact consumer spending Fed's Williams Signals More Rate Cuts Ahead After September Reduction Gold Slips on Investor Disappointment Over China’s Limited Stimulus Oil survey of inventory shows a headline crude oil build much larger than expected European equities close lower China’s Economic Planner Confident in Achieving 2024 Goals Despite Complex Challenges RBA's Hauser says Bank must remain strong in fight against inflation

New Post: Round up of today’s market news - https://lnkd.in/d8Q4kMmb Major US Indices Reverse Gains from Friday with Nearly 1% Declines * Fed's Kashkari: The balance of risks has shifted towards higher employment * Gold Slides * Crude Oil Soars to $77.37 Amidst Rising Tensions * China gold reserves in September unchanged from August, 5th month in a row * Saudi Arabia has raised its main oil prices for buyers in Asia * European equities close mixed * Euro Zone Investor Morale Rebounds in October Amid Rising Expectations * UK House Prices Rise in September * Germany's economy ministry forecasts a recession * China / Hong Kong stocks rising again - expectations of more China stimulus on Tuesday * Japan's Leading Index Falls Short of Expectations in August Report

New Post: Round up of today’s market news - https://lnkd.in/ePNSavSn US Major Indices Close Higher Amid Strong Job Data US September non-farm payrolls comes in hot Fed's Goolsbee: Will have discussions about what rate we need to ultimately settle on End of the US dock strike Gold Decline's Amid Strong US Jobs Report Crude Oil Prices Rise Amid Geopolitical Tensions and Economic Data Baker Hughes oil rig count -5 European equity close: Decent finish but down on the week Eurozone September construction PMI @ 42.1 EU Moves Forward with Tariffs on Chinese EVs Following Member Vote as Sweden abstains China urges EU to delay EV tariffs and avoid trade tensions