- Wall Street sentiments during yesterday's session were positive, with S&P 500 reaching new, historic highs. The Nasdaq 100 gained 0.49%, and the Russell 2000 closed the session 1.94% higher. Today, US index futures also traded slightly higher
- Bostic, of the Fed, indicated that he sees 2 rate cuts in the U.S., in the second half of 2024, and while he believes there is no 'urgent need' to cut interest rates, 10-year Treasury bond yields fell another two basis points yesterday to 3.91%. The Fed's Thomas Barkin, on the other hand, stressed that the Federal Reserve is in a good place to control the further course of inflation, which will continue in light of more sustainable demand and 'market desires should not bully the Fed'
- Chicago Fed President Austan Goolsbee conveyed that in a wave of euphoria, the markets have begun to price in more Fed rate cuts than they should in 2024. At the same time he stressed, that falling inflation would be a fundamental for any further monetary policy adjustments
- Shares of transportation company FedEx (FDX.US) are losing nearly 10% in off-session trading today, after disappointing third-quarter results that missed expectations in terms of both revenue and earnings per share
- The Asian session was dominated by Japan's Nikkei, which rose nearly 1.4% with the Topix up 0.7%. South Korea's smaller KOSPI also did well, gaining nearly 1.8%. China's Hangseng gained 0.8% but Chinese index futures traded lower today
- The People's Bank of China left the annual lending rate unchanged and kept it at 3.95%, as expected. Also, 5 year rates were unchanged, staying at 4.2% level
- South Korean central bank chair, Rhee told that likelihood of Fed policy easing is growing but markets could be overreacting to Powell's dovish remarks.
- The benchmark Japanese government bond yield fell to its lowest level since late July, and the aforementioned Nikkei 225 is on track to reach new 33-year highs. Japan's central bank invariably keeps investors uncertain about when it might change policy
- Quotes on European benchmarks indicate a mixed opening for the Old Continent's stock market. The EU50 and DE30 contracts are losing slightly, the UK100 is gaining
- We are seeing a retreat of more than 0.2% on EURUSD today, while US dollar index contracts are gaining 0.15%
- Gold and silver are gaining slightly, in the neighborhood of 0.1%, while energy commodities are seeing small declines. Brent and WTI crude oil loses in the range of 0.1 to 0.2%, and NATGAS records a 0.4% decline
- The cryptocurrency market is gaining slightly, with Bitcoin trading near $42,900, from where it could potentially attempt to break through psychological resistance at $43,000. Cryptocurrencies Waves and Chilliz are gaining in the range of 7 to 8%
- The United States is considering whether to launch a military operation in territories controlled by Huti militants.
- According to Yonhap US sends B-1B bomber to South Korea after North Korea ICBM
- Taiwan's minster of national defense reported that a Chinese balloon, observed by the army, crossed the Taiwan Strait last night
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