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New Post: Round up of today’s market news - https://lnkd.in/dtQqZMgg US Stocks End Mixed: Nasdaq Leads Gains Amid Financial Sector Weakness * US Treasury auctions $58B of 3 year notes * Fed's Barr on Basel rules * BOC's Macklem: Bigger cuts are possible if economy and CPI weaker * Gold Rises Ahead of US CPI Data * U.S. Short-Term Energy Outlook: Key Insights from the EIA * European equity close: On the backfoot * China records ¥649.34 billion trade surplus in August * Westpac-Melbourne Institute index of consumer sentiment fell * Japan LDP lawmaker Ishiba says key task for Japan is to completely exit from deflation * Oil private survey of inventory shows a headline crude oil draw vs. build expected * U.S. Short-Term Energy Outlook: Key Insights from the EIA

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

GLOBAL MARKETS  📈 Yesterday was a positive day for the U.S. stock market, with all major indices closing in the green. The Dow Jones gained 0.61%, the S&P 500 rose by 0.38%, and even though the NASDAQ Composite only edged up by 0.01%, it was still encouraging. The strong performances in the finance, oil and gas, and telecommunications sectors were key drivers. It was also reassuring to see the Volatility Index drop significantly, which suggests that the market might be stabilizing a bit. - On the commodities side, however, it wasn’t all good news. Gold futures for December delivery dropped by 0.88%, and both WTI and Brent crude oil prices also saw declines. It seems there’s still some pressure in the commodities market. - Globally, the positive momentum from Wall Street seems to have carried over to the Asian markets, with shares in Japan and China rising. This was largely driven by optimism around some encouraging economic data from these regions and the U.S. Inflation data showed consumer prices increasing at the slowest pace since 2021, which is a good sign for the economy. - Looking ahead, it seems like traders are anticipating a rate cut from the Fed, which might further bolster the markets. Krishna Guha from Evercore mentioned that the Fed is now focusing more on labor market data rather than just inflation, which will play a key role in their decisions moving forward. - In other news, China's central bank announced a delay in providing annual liquidity to local lenders, which is unusual and has raised some eyebrows. Despite strong earnings, Tencent shares fell in Hong Kong, possibly due to broader market concerns. Interestingly, hedge fund manager Michael Burry has increased his stake in Alibaba, signaling some confidence in the Chinese market despite reducing his overall equity portfolio. - Political developments in Japan are also something to watch, especially with Prime Minister Fumio Kishida deciding not to run for the leadership of the ruling Liberal Democratic Party. This could introduce some political uncertainty, which might affect the markets further. Publication of economic data today: • Gross domestic product (GDP) UK • Basic retail sales index in the United States • Number of initial U.S. unemployment claims • Production Activity Index from the Philadelphia Fed • Retail sales volume in the United States HAVE A GOOD DAY 

New Post: Round up of today’s market news - https://lnkd.in/dvgvKSZh Closing Stock Market Summary: Modest Gains Amid Mixed Sentiment * US treasury sells $69 billion of 2 year notes * Feds Bowman: Dissent warranted by inflation still above target * Bank of Canada Macklem.It is reasonable to expect further cuts in our policy rate * Gold Skyrockets to All-Time High Amid Declining US Consumer Confidence * OPEC extends oil demand outlook to 2050 * Crude oil extends to new highs * European shares end the day higher * ECB's Nagel: We assume German economy will slowly pick up some momentum again * People's Bank of China will cut 7-day reverse repo to 1.5% * RBA leaves cash rate unchanged at 4.35% * RBA's Bullock: We are prepared to respond in either direction depending on the data

New Post: Round up of today’s market news - https://lnkd.in/dnt-EtwK US Equities Climb as Nvidia Extends Winning Streak U.S. Treasury auctions off $58 billion of three-year notes Fed Chair Powell: Elevated inflation is not the only risk we face Gold Prices Edge Higher as Fed Chair Powell Signals Patience on Rate Cuts Oil private survey of inventory shows a headline crude oil draw larger than expected Crude oil futures settle at $81.41 The EIA short term energy outlook is out and they see demand increasing Saudi crude oil exports to China to rise for the first time in 4 months European major indices close lower ECB's Panetta says can gradually reduce rates in line with disinflation process BOJ shares briefing material on meeting with bond market participants

New Post: Round up of today’s market news - https://lnkd.in/dct7idhg Closing Stock Market Summary: Modest Gains Amid Mixed Sentiment * US treasury sells $69 billion of 2 year notes * Feds Bowman: Dissent warranted by inflation still above target * Bank of Canada Macklem.It is reasonable to expect further cuts in our policy rate * Gold Skyrockets to All-Time High Amid Declining US Consumer Confidence * OPEC extends oil demand outlook to 2050 * Crude oil extends to new highs * European shares end the day higher * ECB's Nagel: We assume German economy will slowly pick up some momentum again * People's Bank of China will cut 7-day reverse repo to 1.5% * RBA leaves cash rate unchanged at 4.35% * RBA's Bullock: We are prepared to respond in either direction depending on the data

New Post: Round up of today’s market news - https://lnkd.in/dtk9f25W US Equities Climb as Nvidia Extends Winning Streak U.S. Treasury auctions off $58 billion of three-year notes Fed Chair Powell: Elevated inflation is not the only risk we face Gold Prices Edge Higher as Fed Chair Powell Signals Patience on Rate Cuts Oil private survey of inventory shows a headline crude oil draw larger than expected Crude oil futures settle at $81.41 The EIA short term energy outlook is out and they see demand increasing Saudi crude oil exports to China to rise for the first time in 4 months European major indices close lower ECB's Panetta says can gradually reduce rates in line with disinflation process BOJ shares briefing material on meeting with bond market participants

New Post: Round up of today’s market news - https://lnkd.in/dnMDD5HT US Stocks Finish Higher but Endure Last-Minute Sell-Off US treasury auctions off $58 billion of 3-year notes US total household debt rose in Q2 Atlanta Fed GDPNow Q3 tracker ticks up but early days Fed's Daly says minds are open to cutting rates in coming meetings Gold Price Dips Below $2,400 as the Dollar Rebounds EIA Predicts Crude Oil Price Recovery, Rising Jet Fuel Demand, and Stable Natural Gas Prices European equity's closed mixed RBA leaves cash rate unchanged at 4.35%, as expected as RBA governor Bullock says A rate cut is not on the agenda in the near-term

New Post: Round up of today’s market news - https://lnkd.in/dSaxMgdn US Stock Markets End the week on a High Note Second cut this week for Atlanta Fed GDPNow Fed's Goolsbee: You don't want to tighten any longer than you have to US August prelim UMich consumer sentiment 67.8 vs 66.9 expected CTA selling activity hits crude oil markets – TDS Baker Hughes Rig Count: Weekly Update China issues new gold import quotas after pause -- Reuters report European equity close: Finishes off the week strongly China premier Li says will resolutely achieve economic and social development goals China has built the world's largest offshore oil platform RBA's Bullock says underlying inflation remains too high RBNZ's Silk says the Bank is taking a measured approach to rate cuts Economists expect Japan's CPI to have ticked higher in July

New Post: Round up of today’s market news - https://lnkd.in/dSfPdXpj 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