Daily Summary: Markets continue the sell-off as inflation ticks higher

5:47 PM 10 October 2024
  • Norwegian CPI (for September) came in 3% YoY vs 3.2% exp. and 2.6% previously (0.3% MoM vs 0.5% exp. and -0.9% previously)
  • Japanese yen strengthened slightly after BoJ member, Ryozo Himino signaled that the bank is ready to raise rates further, if economic expansion will materialize. Himino signaled that Japan's economy started to move, and Japanese monetary policy should move also, accordingly.
  • Shares of British pharmaceutical giant, GlaxoSmithKline (GSK.US) more than 5% today amid $2.2 billion settlement deal in US Zantac lawsuits, caused by 'cancer-causing' concerns. The deal will resolve 93% (almost 80,000) of US lawsuits. The company will recognize this loss in Q3 results, this year.
  • The tone of the ECB's Minutes is taking on a more hawkish tone. Bankers are concerned about a rebound in inflation, which could imply a slower pace of interest rate cuts in the Eurozone in the medium term. 
  • The National Association of Convenience Stores (NACS) pushed Celsius Holdings (CELH.US) stock price up more than 12% to its highest level in more than three weeks.  
  • Natural gas inventories rose by 82 billion cubic feet last week, slightly higher than the expected 76 billion and higher than the previous 55 billion cubic feet. 
  • September CPI 2024 rose by 0.3%, beating Augusts's increase, as reported by the U.S. Bureau of Labor Statistics. Annually, the CPI increased by 2.4%, higher than expected. Significant monthly changes included a 1.77% rise in the shelter index and a 0.53% decrease in the energy index.
  • Weekly jobless claims were higher than expected and increased to the highest level since June 2023. 
    • Initial Jobless Claims: actual 258k; forecast 230k; previous 225k;
  • Hang Seng extended the wave of gains today, adding more than 1.8%, with CHN.cash 2.3% higher. .
  • Spanish SPA35 is currently the worst performing and is 0.78% down, followed by SUI20. French CAC40 and UK100 are slightly lower. Italian ITA40 is best performing index with a rise of 0.5%
  • US equities are set for a lower close, with the Russell 2000 leading losses, down 0.6%. The S&P 500 is down by 0.09% with Nasdaq 100 0.07% higher.
  • Delta Air Lines is losing slightly more than 1.5% today after reporting lower than expected financial results. The company's results were weighed down by one-time losses related to a systems' failure during an IT outage, however the company also reported lower than expected forecasts for 4Q. 
  • Domino’s stock price declines today around -1.2% after reporting lower than expected financial results for 3Q24 and issuing cautious guidance for the whole 2024.  
  • Oil started today's session very calmly, but early in the afternoon, oil returned to gains, continuing the strong movements from last week. Both Brent and WTI are 3.5% higher, currency trading at $79.42 and $75.98 respectively.
  • The strongest currency today is the Swiss Franc, gaining more than 0.6% to both Euro and USD. NZD is also strong and losing only to CHF.
  • The cryptocurrency market is heading lower today. Ethereum is up 0.6%, Dogecoin falls 2.6%, and Bitcoin is 1% lower, to around 60,133 USD.
  • Precious metals are gaining today: gold rises by 0.56%, silver is up 1.52%, while platinum is 1.7% higher.
Share:
Back
Xtb logo

Join over 1 000 000 XTB Group Clients from around the world

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits

We use cookies

By clicking “Accept All”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.

This group contains cookies that are necessary for our websites to work. They take part in functionalities like language preferences, traffic distribution or keeping user session. They cannot be disabled.

Cookie name
Description
SERVERID
userBranchSymbol cc 25 October 2024
test_cookie cc 24 October 2024
adobe_unique_id cc 24 October 2025
__hssc cc 24 October 2024
SESSID cc 2 March 2024
__cf_bm cc 24 October 2024
intercom-id-iojaybix cc 21 July 2025
intercom-session-iojaybix cc 31 October 2024
xtbCookiesSettings cc 24 October 2025
TS5b68a4e1027
countryIsoCode
xtbLanguageSettings cc 24 October 2025
userPreviousBranchSymbol cc 24 October 2025
TS5b68a4e1027
intercom-device-id-iojaybix cc 21 July 2025
__cf_bm cc 24 October 2024
__cfruid
__cfruid
__cf_bm cc 24 October 2024
__cf_bm cc 24 October 2024
_cfuvid
adobe_unique_id cc 24 October 2025
_cfuvid
TS5b68a4e1027
xtbCookiesSettings cc 24 October 2025
SERVERID
TS5b68a4e1027
__hssc cc 24 October 2024
test_cookie cc 1 March 2024
__cf_bm cc 24 October 2024
_cfuvid
_cfuvid
__cf_bm cc 24 October 2024
__cf_bm cc 24 October 2024

We use tools that let us analyze the usage of our page. Such data lets us improve the user experience of our web service.

Cookie name
Description
_gid cc 9 September 2022
_gat_UA-98728395-1 cc 8 September 2022
_gat_UA-121192761-1 cc 8 September 2022
_gcl_au cc 22 January 2025
_ga_CBPL72L2EC cc 24 October 2026
_ga cc 24 October 2026
__hstc cc 22 April 2025
__hssrc
_vwo_uuid_v2 cc 25 October 2025
_ga_TC79BEJ20L cc 24 October 2026
_vwo_uuid cc 16 October 2025
_vwo_ds cc 15 November 2024
_vwo_sn cc 16 October 2024
_vis_opt_s cc 24 January 2025
_vis_opt_test_cookie
af_id cc 23 February 2025
afUserId cc 25 January 2026
af_id cc 24 January 2026
AF_SYNC cc 1 February 2024
_ga cc 24 October 2026
_gid cc 25 October 2024
_ga_CBPL72L2EC cc 24 October 2026
__hstc cc 22 April 2025
__hssrc
_ga_TC79BEJ20L cc 24 October 2026
_gcl_au cc 22 January 2025
AnalyticsSyncHistory cc 31 March 2024

This group of cookies is used to show you ads of topics that you are interested in. It also lets us monitor our marketing activities, it helps to measure the performance of our ads.

Cookie name
Description
MUID cc 18 November 2025
_omappvp cc 6 October 2035
_omappvs cc 24 October 2024
_uetsid cc 25 October 2024
_uetvid cc 18 November 2025
_fbp cc 22 January 2025
fr cc 7 December 2022
_ttp cc 22 January 2025
_tt_enable_cookie cc 22 January 2025
_ttp cc 22 January 2025
hubspotutk cc 22 April 2025
IDE cc 10 November 2025
YSC
VISITOR_INFO1_LIVE cc 22 April 2025
hubspotutk cc 22 April 2025
_omappvp cc 11 February 2035
_omappvs cc 1 March 2024
_uetsid cc 25 October 2024
_uetvid cc 18 November 2025
_ttp cc 22 January 2025
MUID cc 18 November 2025
_fbp cc 22 January 2025
_tt_enable_cookie cc 22 January 2025
_ttp cc 22 January 2025
li_sugr cc 30 May 2024
guest_id_marketing cc 24 October 2026
guest_id_ads cc 24 October 2026
guest_id cc 24 October 2026
muc_ads cc 24 October 2026
VISITOR_PRIVACY_METADATA cc 22 April 2025
MSPTC cc 18 November 2025
IDE cc 18 November 2025
MSPTC cc 18 November 2025

Cookies from this group store your preferences you gave while using the site, so that they will already be here when you visit the page after some time.

Cookie name
Description
bcookie cc 24 October 2025
lidc cc 25 October 2024
UserMatchHistory cc 31 March 2024
bscookie cc 1 March 2025
li_gc cc 22 April 2025
bcookie cc 24 October 2025
li_gc cc 22 April 2025
lidc cc 25 October 2024
personalization_id cc 24 October 2026

This page uses cookies. Cookies are files stored in your browser and are used by most websites to help personalise your web experience. For more information see our Privacy Policy You can manage cookies by clicking "Settings". If you agree to our use of cookies, click "Accept all".

Change region and language
Country of residence
Language