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New Post: Round up of today’s market news - https://lnkd.in/du54JfBx US Stock Markets Rally; Russell 2000 Sees Largest Weekly Gain in Over 20 Years * UMich Consumer Sentiment Index rose * Gold Slips as Dollar Gains; Market Eyes US CPI Data Amid Trump’s Win * China's crude oil imports fell again in October – Commerzbank * Baker Hughes oil rigs unchanged on the week * European Equities closes down for the week * PBOC says will continue with supportive monetary policy * China's inflation data will be published over the weekend

New Post: Round up of today’s market news - https://lnkd.in/d_F7sRCp US Stocks Surge as Politics and Markets Align in Post-Election Rally * Fed's Cautious Optimism Drives Rally * Atlanta Fed GDPNow \@ 2.5% up from 2.4% * Fed cuts rates by 25 basis points, as expected * Chair Powell: We're not at the stage where bond rates need to be taken into policy * Brasil's central bank has hiked its benchmark rate by 50bp to 11.25%, as expected * Gold Steadies at $2,690 After Fed Rate Cut * European shares close the day mixed * BOE cuts bank rate by 25 bps to 4.75%, as expected * BOE governor Bailey: We still need to see services inflation to come down more broadly * PBOC governor Pan says will continue to implement supportive monetary policy * RBA Governor Bullock says too early to judge US election, tariff implications

Watch live: Federal Reserve press conference on November 7 https://lnkd.in/ddE52KEB

FOMC decision: The Fed cuts rates by 25 basis points, as expected Results of the November 7, 2024 FOMC rate decision A 25 basis point rate cut was fully priced in The Fed removes the line "the Committee has gained greater confidence that inflation is moving sustainably toward 2 percent" Prior statement repeats that economic activity "has continued to expand at a solid pace" On employment says "Job gains have slowed, and the unemployment rate has moved up but remains low" vs "labor market conditions have generally eased, and the unemployment rate has moved up but remains low" Repeats that inflation has made progress towards target Repeats that "the Committee would be prepared to adjust the stance of monetary policy as appropriate" No dissents #fomc #fed

New Post: Round up of today’s market news - https://lnkd.in/dhMq3RkA Market Frenzy as Dow Soars Amid GOP Election Victory US treasury auctions off $25B of 30 year bonds at a high yield of 4.608% BOC's Rogers highlights risks around higher rates after US election Gold Tumbles to Three-Week Low as Trump’s Victory Strengthens The Dollar EIA weekly US crude oil inventories +2149K ICYMI - Aramco cut oil price to Asia and US, raised to Europe European equities start off the Trump era 2.0 in the red PMI data was on the agenda in Europe today ECB's Lagarde wants bigger banks Australian Treasury official - headline inflation slowing Bank of Japan minutes - BOJ will continue rate hikes if economic & price forecasts met

New Post: Round up of today’s market news - https://lnkd.in/d-srPp55 US Indices Climb as Election Day Looms: Trump Media Drops After Hours * US treasury auctions off $42B of 10-year notes at a high yield of 4.347% * It's still early in the 4Q but good growth looking promising according to the GDPNow * US October ISM services PMI \@ 56.0 * BOC Meeting minutes: BOC felt upside pressure on inflation will continue to decline * Gold Treads Cautiously on U.S. Election Day * Private survey of oil inventories shows headline crude build much larger than expected * Crude oil futures settle at $71.99 * European equity close: German stocks lead ahead of the US election * UK - British Retail Consortium \(BRC\) total sales in October, weakest growth since July * China Caixin Services October PMI \@ 52.0 * Reserve Bank of Australia leaves cash rate unchanged at 4.35%, as expected

New Post: Round up of today’s market news - https://lnkd.in/dJEqfBHm Market Kickoff: Mixed Performance Marks Start of Election Week as Russell 2000 Outshines Earnings Spotlight: Palantir (PLTR) Surpasses Expectations US treasury auctions off $58B of 3-year notes Final New York Times poll shows razor-tight Presidential race Crude oil futures settle at $71.47 OPEC survey: Output rises 190K bpd led by Libyan recovery OPEC secretary general Al Ghais: We are very positive on demand OPEC+ agrees to delay December oil output increase PMI's were on the agenda in Europe China is reportedly reviewing a bill to raise local government debt ceilings RBNZ highlights geopolitical tensions as a risk to financial stability

The busiest week of the Q3 earnings season is coming up. #ferrari #Sony#honda#toyota#airbnb

New Post: Round up of today’s market news - https://lnkd.in/d4nbC2bp US Stock Market Close: Gains Ebb as Buyers Retreat Ahead of Election Atlanta Fed GDPNow growth model for Q4 comes in @ 2.3% US October non-farm payrolls +12K vs +113K expected S&P Global October Canada manufacturing PM 51.1 Gold Retreats After Initial Spike Following Disappointing Nonfarm Payrolls Data Baker Hughes Oil rigs 479 down -1 on the week UK October final manufacturing PMI 49.9 China loosens rules for foreign investors in equities China Caixin Manufacturing PMI for October comes in @ 50.3 Preview on Reserve Bank of Australia to hold cash rate at next week's meeting BoJ Quarterly Outlook Report: Rise in minimum wage could push up services prices

US Nonfarm Payrolls Actual 12k (Forecast 100k, Previous 254k, Revised 223K) Comment from BLS on the US Hurricanes BLS provides insight on the effects of hurricanes Helene and Milton on US employment data, with October surveys showing various impacts on different sectors. Hurricane Helene made landfall on Florida’s Gulf Coast on September 26, 2024, and then tracked north into several other states. This was before the October reference periods for both the household and establishment surveys. Hurricane Milton struck Florida on October 9, 2024, during the reference periods for both surveys. Prior to the storm’s landfall, there were large-scale evacuations of Florida residents. In October, the household survey was conducted largely according to standard procedures, and response rates were within normal ranges. The initial establishment survey collection rate for October was well below average. However, collection rates were similar in storm-affected areas and unaffected areas. A larger influence on the October collection rate for establishment data was the timing and length of the collection period. This period, which can range from 10 to 16 days, lasted 10 days in October and was completed several days before the end of the month. #nfp