US Open – 24 October 2023 (Video)
Watch today’s US Open for insights on the US yield moderation, the oil industry’s M&A activity, incoming earnings from tech giants like Meta and more
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Watch today’s US Open for insights on the US yield moderation, the oil industry’s M&A activity, incoming earnings from tech giants like Meta and more
Watch today’s US Open for insights on the strong Q3 results from Netflix and the disappointing report from Tesla, UK’s sticky inflation and more
Less than a month after the Bank of England had paused its tightening cycle, emboldened by progress on price pressures, today’s data showed that inflation is sticky, keeping further tightening in play
Watch today’s US Open for insights on the strong US retail sales report, the incoming quarterly results from EV king Tesla & streaming leader Netflix and more
Watch today’s US Open for insights on the latest US CPI report which showed persistence in inflation, Gold’s advance, the strong quarterly results by Delta Air Lines and more
Watch today’s US Open for insights on the Hamas-Israel conflict and its impact on oil prices, timid Fed speak that helps Wall Street, the new earnings season and more
Watch today’s US Open for insights on the technical death cross of EUR/USD, speculation for intervention by Japanese authorities to support the Yen, the rate hold by the central bank of New Zealand and more
The sell-off in the bond market is accelerating today. This, in turn, is driving yields higher. The US 10-year yield traded as high as 4.88% and the real yield as high as 2.52%. These levels were last seen around 2007 and 2008 respectively.
The Federal Reserve’s preferred gauge of inflation is showing signs of moderation. Core PCE came in at 3.9% y/y, which was lower than last month’s 4.3% y/y. On a monthly basis, core PCE printed at 0.1% m/m, which was lower than the 0.2% m/m expected. This shows that the Fed’s efforts are yielding results, because the monthly number annualises to 1.2%, which is lower than the central bank’s target of…
Watch today’s US Open for insights on China’s property sector troubles and their impact on the stock market, key upcoming events and Nike’s incoming quarterly results
Watch today’s US Open for insights on the BoJ continued dovish stance, the ECB-Fed differential, Amazon’s investment on AI firm Anthropic and more
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