Stocks rose yesterday while crude oil prices fell and gold prices also dropped. Today’s market is expected to be quiet, with the focus on the minutes from the September FOMC meeting. Despite lack of major news or data, market movements on Monday were reversed, showing uncertainty among traders due to geopolitical and economic uncertainties. Crude oil prices saw a significant decline of around 4%, possibly due to concerns about tensions in the Middle East and disappointment over China’s lack of new stimulus measures. Chinese and Hong Kong markets experienced losses, but the impact on other markets was limited. Luxury and beverage companies were affected by Chinese tariffs, but overall sentiment remained positive, with S&P and Nasdaq posting gains. The G10 FX market was quiet, with the Australian dollar showing weakness. The US dollar remained stable, but Fed rate cut expectations were higher than expected. Treasuries briefly sold off before recovering, with yields looking attractive to investors. Looking ahead, the focus is on US CPI data, while today’s agenda includes minutes from the FOMC meeting and speeches from FOMC members and ECB officials. The US will also hold a 10-year note auction.
London Business News: Market Analysis and Insights for Tuesday – Londonlovesbusiness.com
319
BREAKING NEWS
Ademola Lookman: South London’s Ballon d’Or Nominee from Charlton’s Youth
Ademola Lookman has had an incredible journey from being scouted at just 15 years old from Sunday league football to now being nominated for...
Top News
London Landmarks Half Marathon: Ultimate Guide To Epic Race Day Adventure
Are you ready to challenge yourself at one of the most iconic running events in the world? The London Landmarks Half Marathon is more...