Fortune Prime Global Overnight headlines 24.10.2022
Overnight headlines
On Friday in New York, the yield on the US 10-year note decreased by 1 basis point to 4.22 percent.
All three major benchmarks on Wall Street increased, and all 11 S&P 500 industry sectors closed higher.
The S&P 500 reached 3752.75 at the week's finish.
While the month of October may have had some downward volatility, Newton added, "I anticipate that the recent improvement in breadth and momentum paired with persistent pessimism should result in excellent buying opportunities on any pullbacks in the weeks ahead." From November until the middle of December, trends should be optimistic.
According to Reuters, the S&P 500 increased 4.74 percent for the week, the Dow increased 4.89 percent, and the Nasdaq increased 5.22 percent. The weekly percentage advances for each of the three major indices were the highest in the previous four months.
Market movements
· AUD up 1.6% to US$63.79;
· Bitcoin up 1.4% to US$19,449
· Dow +2.5% S&P 500 +2.4% Nasdaq up 2.3%.
· FTSE +0.4% DAX -0.3% CAC -0.9%
· Gold up 1.8% to $1657.69 USD per ounce.
· Iron ore +1.8% at $US93.00 per tonne;
· Brent oil +1.2% at $US93.50 per barrel
Today’s agenda
Assistant Governor for Financial Markets at the RBA Christopher Kent will present on Exchange Rates and Inflationary Pressures.
Overseas data: Japanese, Eurozone, UK, and US services and manufacturing PMIs from October; US Chicago Fed national activity index from September
Week ahead
Australia's federal budget, third-quarter CPI, and third-quarter trade figures will all be made public on Tuesday, Wednesday, and Thursday, respectively. On Thursday, the RBA will publish its annual report.
Overseas, the European Central Bank holds a policy meeting on Thursday, and the next British prime minister may be announced as soon as Monday. This week also sees meetings for the banks of Canada and Japan.
This week may see the announcement of China's third quarter GDP. The US earnings season picks up steam with reports from Apple, Amazon, Meta, Alphabet, more Tuesday (Thursday).
Edited 24 Oct 2022, 08:41
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
No comment on record. Start new comment.