Market News 30/9
Hello, our dear traders! Are you ready for Friday? Let’s see what news you need to know for today!💫
📈US stocks hit the lowest since November 2020 on Thursday. The S&P 500 (US500) lost 2%, the Nasdaq 100 tech index (US100) fell nearly 4% during the session. The index was lowered by Apple Inc. stocks, which fell 6.1% after analysts at Bank of America warned of lower consumer demand for their popular devices.
✔️Nike shares tumbled 12% in post-trade after reporting a 375 bp profit loss for the quarter.
🇺🇸US unemployment claims were at their lowest level in recent memory. This means that the Fed will continue to tighten its policy – and central bank officials confirmed this prospect by making more hawkish comments. Meanwhile, Hurricane Ian, which hit Florida, could cost the US economy between $20 billion and $70 billion.
🇪🇺🇷🇺The European Commission announced the eighth round of sanctions, including a price cap on Russian oil exports. Russia vowed to continue annexing parts of Ukraine now controlled by its forces following UN-denounced votes, setting the Kremlin on a new course of clashing with the US and its allies.
🇩🇪Inflation in Germany hit double digits for the first time since World War II. September CPI accelerated to 10% from 7.9% in August.
☢️Bitcoin surged and stayed above $19,000 after hovering around this resistance level all week. Ether fell while XRP led gains across the top 10 cryptocurrencies by market cap.
Have a great day!✨
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
-THE END-