U.S. stock futures slip as markets await #CPI; Wall St. rallies cool. Rivian surges on VW investment, Spotify rises on strong Q3, CAVA beats, while Skyworks slips. Oil bounces back but lingers near lows after #OPEC’s forecast cut. #Stocks #Inflation #Commodities
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#Bitcoin dips to $86K as Trump rally cools; focus turns to U.S. #CPI data. #Dogecoin slides from 3-yr high after Trump’s DOGE agency news. Altcoins fall with Ethereum, ADA, SOL, XRP, and MATIC all seeing declines. #BTC #Crypto #Investing #Musk #Trump #Altcoins #Inflation
Asia markets down as Wall St. rally fades, China’s fiscal steps disappoint, and U.S.-China trade concerns rise. Eyes on U.S. CPI data and Fed Chair Powell’s upcoming speech. Japan, South Korea, Australia, and India stocks also dip. #AsiaStocks #CPI #China #USChinaRelations #Investing #GlobalMarkets
Canada’s Oct employment change came in at 14.5K, missing the expected 27.9K and down sharply from Sept's 46.7K.
Canada’s Oct unemployment rate held steady at 6.5%, aligning with Sept but slightly below the forecast of 6.6%.
Brazil's Oct CPI (YoY) rose to 4.76%, just above the 4.72% forecast and up from Sept's 4.42%, signaling rising inflationary pressures.
#CAD #CanadaJobs #EmploymentChange #CanadaEconomy #UnemploymentRate #BRL #Brazil #Inflation #BrazilEconomy
Swiss Q4 SECO Consumer Climate at -27, better than consensus of -33 and prior reading of -19, signaling improved consumer sentiment despite economic challenges. #CHF #SwissEconomy #ConsumerClimate #SECO
Oil prices dipped as Hurricane Rafael’s threat to U.S. oil output lessened. Brent at $74.84 and WTI at $71.45 after nearly 1% gains Thursday. While Trump’s policies could bring tighter sanctions on Iran & Venezuela, downward pressure remains from China’s 9% drop in Oct crude imports & rising U.S. stockpiles. #Oil #HurricaneRafael #CrudeOil #Brent #WTI #China #Trump
Japan's Sep Household Spending YoY fell by -1.1%, better than the expected -1.8% and up from -1.9% in Aug. MoM, spending dropped by -1.3%, underperforming the expected -0.7% and down from a 2.0% rise in Aug.
China's Oct yuan loans are expected to slide to 700B yuan ($97.86B), highlighting weak credit demand despite #PBOC stimulus. Broad M2 money supply may grow to 6.9%, up from Sept’s 6.8%. Beijing is also weighing 10T+ yuan in new debt to tackle local govt debt and unsold housing. Asian stocks wrapped up strong, with gains across Japan, Australia, and South Korea, boosted by optimism for China’s fiscal support as a 2nd Trump term signals possible U.S. trade pressures.
#China #Stimulus #AsianMarkets
#China #Stimulus #AsianMarkets
Fed Chair #Powell: warns that adjusting policy too quickly or too slowly could destabilize the economy. He reaffirmed that U.S. law prohibits demoting the Fed Chair, and again highlighted the unsustainable nature of the U.S. fiscal path. Geopolitical risks also remain a significant concern for economic stability.
#Fed #USFiscalPolicy #GeopoliticalRisk #Economy #USD #MonetaryPolicy #Finance #Powell