Morning Wrap (22.10.2024)

Asian markets broadly declined, with Japan's Nikkei 225 leading losses (-1.7%) and TOPIX down 1.1%. South Korea's KOSPI lost over 1%, while Australia's ASX 200 fell 1%. Chinese markets bucked the trend with CHN and CH50 rising 0.7%, and Hong Kong's Hang Seng up 0.6%.
Chinese stocks found support after the People's Bank of China cut its benchmark loan prime rate. Youth unemployment (excluding students) improved to 17.6% in September from 18.8% in August.
U.S. stock index futures pointed slightly lower in Asian trade, following Wall Street's retreat from record highs as Treasury yields rose.
HSBC announced major restructuring, consolidating operations into four business units effective January 2025. The bank named Pam Kaur as its first female CFO, replacing Georges Elhedery.
Hyundai Motor India's shares fell 2% in their market debut after the country's largest-ever IPO of $3.3 billion, listing at 1,934 rupees versus issue price of 1,960 rupees.
Oil prices eased as U.S. diplomatic efforts for Middle East ceasefire resumed. Brent crude fell 0.3% to $73.93 per barrel, while WTI dropped 0.2% to $69.72.
Gold prices rose 0.6% to $2,734.38 an ounce, steadying near record highs as election uncertainty and geopolitical tensions supported safe-haven demand. Silver gained 1.2% near 12-year highs.
The U.S. dollar held near two-and-half-month highs as markets priced in a more measured approach to Fed rate cuts. Japanese yen weakened to nearly 151 against the dollar, its lowest since late July.
Tesla faces scrutiny after its robotaxi reveal "fell flat," with Jefferies raising price target to $195 but citing concerns over core auto business pressure and governance.
South Korean Q3 GDP expected to show 0.5% growth, rebounding from previous quarter's 0.2% contraction, supported by exports despite weak domestic demand.
Focus remains on U.S. presidential election (two weeks away) with recent polls showing a tight race between Donald Trump and Kamala Harris. Markets expect increased volatility as election approaches.

12 June 2026, 4:52 PM

Oil slides 2.5% to $88 as Middle East tensions ease 📉 Is the uptrend over?

12 June 2026, 4:13 PM

Wall Street Rebounds as Oil Prices Fall 📈 Adobe Shares Drop 8% After Earnings

12 June 2026, 12:41 PM

French luxury companies and banks gain as the inflation rises

12 June 2026, 12:25 PM

UK GDP Contracted and the Pound is Up? 🇬🇧 💷

Cookie name	Description
SERVERID
userBranchSymbol	Expiration date 1 day
test_cookie	Expiration date 1 hour
adobe_unique_id	Expiration date 364 days
__hssc	Expiration date 1 hour
SESSID	Expiration date 1 day
__cf_bm	Expiration date 1 hour
intercom-id-iojaybix	Expiration date 270 days
intercom-session-iojaybix	Expiration date 6 days
xtbCookiesSettings	Expiration date 364 days
TS5b68a4e1027
countryIsoCode
xtbLanguageSettings	Expiration date 364 days
userPreviousBranchSymbol	Expiration date 364 days
intercom-device-id-iojaybix	Expiration date 270 days
__cfruid
_cfuvid

Cookie name	Description
_gid	Expiration date 1 day
_gat_UA-98728395-1	Expiration date 1 hour
_gat_UA-121192761-1	Expiration date 1 hour
_gcl_au	Expiration date 89 days
_ga_CBPL72L2EC	Expiration date 729 days
_ga	Expiration date 729 days
__hstc	Expiration date 179 days
__hssrc
_vwo_uuid_v2	Expiration date 365 days
_ga_TC79BEJ20L	Expiration date 729 days
_vwo_uuid	Expiration date 365 days
_vwo_ds	Expiration date 29 days
_vwo_sn	Expiration date 1 hour
_vis_opt_s	Expiration date 99 days
_vis_opt_test_cookie
af_id	Expiration date 394 days
afUserId	Expiration date 730 days
AF_SYNC	Expiration date 6 days
AnalyticsSyncHistory	Expiration date 29 days

Cookie name	Description
MUID	Expiration date 389 days
_omappvp	Expiration date 3998 days
_omappvs	Expiration date 1 hour
_uetsid	Expiration date 1 day
_uetvid	Expiration date 389 days
_fbp	Expiration date 89 days
fr	Expiration date 89 days
_ttp	Expiration date 89 days
_tt_enable_cookie	Expiration date 89 days
hubspotutk	Expiration date 179 days
IDE	Expiration date 389 days
YSC
VISITOR_INFO1_LIVE	Expiration date 179 days
li_sugr	Expiration date 89 days
guest_id_marketing	Expiration date 729 days
guest_id_ads	Expiration date 729 days
guest_id	Expiration date 729 days
muc_ads	Expiration date 729 days
VISITOR_PRIVACY_METADATA	Expiration date 179 days
MSPTC	Expiration date 389 days

Cookie name	Description
bcookie	Expiration date 364 days
lidc	Expiration date 1 day
UserMatchHistory	Expiration date 29 days
bscookie	Expiration date 364 days
li_gc	Expiration date 179 days
personalization_id	Expiration date 729 days