- 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
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
