• DX
• EUR/USD
• GBP/USD
• LCO
• US10YT=X
• USD/JPY

Dollar on a roll after US jobs data and Middle East flare-up

Japan's yen hits a two-month low amid dollar gains fueled by strong U.S. jobs data and Middle East tensions, while market expectations shift regarding Federal Reserve interest rate cuts.

• AMZN
• BK
• HSY
• IXIC
• JPM
• PFE
• US10YT=X
• US500
• WFC
• WMT

Stock market today: S&P 500 closes lower as spike in Treasury yields weigh

The S&P 500 fell amid rising Treasury yields and mixed corporate earnings outlooks, while major companies like Google and Pfizer faced market changes due to legal and investment activities.

• 1YMZ24
• CME
• DJI
• ESZ24
• IXIC
• NQZ24
• US10YT=X
• US2YT=X
• US500

US economy adds far more jobs than anticipated in September

• 1YMZ24
• CME
• DJI
• ESZ24
• IXIC
• NQZ24
• US10YT=X
• US2YT=X
• US500

US economy adds far more jobs than anticipated in September

US employment growth surpassed expectations in September, reducing chances of significant Fed rate cuts, while job openings and wages also showed positive trends in the labor market.

• MSCIEF
• RUI
• SPXEW1
• US10YT=X
• US2000
• US500

S&P 500 notched up best September since 2013

In September, the S&P 500 gained 2.1%, marking its best performance in a decade and demonstrating positive momentum across various asset classes.

• CL
• DXY
• EUR/USD
• GC
• LCO
• US10YT=X

Asia stocks slide, oil extends gains on Middle East risks

Asian stocks fell due to geopolitical tensions following Iran's missile strike on Israel, leading to greater investor caution and impacting commodities like crude oil and gold.

• GC
• JP225
• US10YT=X
• US500

Morning Bid: Markets bunker down as Iran-Israel tensions spark

Markets in Asia are cautious as investors seek safer assets amid rising geopolitical tensions and declining U.S. GDP growth forecasts. Key economic indicators are expected from South Korea and Japan.

• US10YT=X
• US2YT=X
• US500

Powell suggests 50 bp more cuts in store for 2024

Fed Chair Powell suggests potential rate cuts if the economy performs as expected, indicating a careful approach to interest rate decisions amidst easing inflation.

• US10YT=X
• US500

US recession likely, with soft landing "wishful thinking" - BCA Research

BCA Research predicts a US recession by early 2025, advising investors to favor government bonds over stocks amid rising unemployment and economic indicators.

• DJI
• IXIC
• US10YT=X
• US2YT=X
• US500

Why Wells Fargo says investors have key decisions to make amid Fed easing cycle

Wells Fargo analysts advise investors to diversify cash allocations, cautioning against a cash-focused strategy due to risks like reinvestment and 'cash drag' amid Federal Reserve policy easing.