Indices The major US indices began the week with an attempt to return to growth but were choked by selling. Once again, the laggard was the Dow Jones, which slipped below last week’s lows, losing 3% from its previous high on 21 October to levels near 42000. The Nasdaq100 briefly approached 20700, almost repeating its […]
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US non-farm payrolls report takes center stage in global financial markets today. Expectations are for an increase of 106k jobs in October, which would mark the lowest monthly gain in nearly four years. Unemployment rate Read more…
Sterling fell sharply overnight, alongside with 10-year government bond and FTSE, as markets reacted to Chancellor Rachel Reeves’ new budget. Critics argue the budget is being heavy on spending, tax hikes, and borrowing but light Read more…
China’s Caixin Manufacturing PMI improved to 50.3 in October, up from 49.3 and surpassing expectations of 49.5. According to Wang Zhe, Senior Economist at Caixin Insight Group, October brought a mix of positive developments, including Read more…