EUR/USD
1.16056
-0.102%
Gold
4069.82
-1.362%
Oil
61.426
-0.258%
USD/JPY
152.963
0.245%
GBP/USD
1.33137
-0.083%
GBP/JPY
203.655
0.170%
Real-time News
On October 24, Julien Lafargue, chief market strategist at Barclays Private Bank, pointed out: "From the perspective of market impact, unless there is a significant upward surprise in the US inflation data, the market is unlikely to change its expectations for further interest rate cuts by the Federal Reserve." In addition to the frequent fluctuations in the trade war, the market has recently been boosted by a strong corporate earnings season. According to data tracked by the Atlanta Federal Reserve, before the government shutdown, the US GDP growth rate in the third quarter was close to 4%, showing that the economy still has amazing resilience. Although it is not easy to shake this optimistic narrative, if there is an unexpected CPI, it may be the trigger point. Stephanie Link, chief investment strategist at Hightower Advisors, said: "If the CPI data is higher than expected, I expect market volatility to increase. However, I will regard this as a buying opportunity because the current economy is still strong, the Federal Reserve has started a cycle of interest rate cuts, corporate profits are growing at a double-digit rate, and the fourth quarter has always been the strongest quarter of the year."On October 24, Zhongke Environmental Protection announced that its third-quarter revenue was 424 million yuan, a year-on-year increase of 9.39%, and its net profit was 102 million yuan, a year-on-year increase of 2.35%. For the first three quarters, its revenue was 1.272 billion yuan, a year-on-year increase of 6.06%, and its net profit was 298 million yuan, a year-on-year increase of 13.21%.According to Nikkei News: Japan and the United States will reach a cooperation consensus on artificial intelligence and next-generation telecommunications standards.On October 24th, Mark Dowding, Chief Investment Officer of BlueBay Asset Management, noted that US Treasury yields are likely to continue falling in the short term. The expected weakness in non-farm payroll data following the end of the US government shutdown, coupled with market expectations of an upcoming Federal Reserve rate cut next week, could push yields lower. However, BlueBay Asset Management believes this trend is unsustainable and plans to use the yield correction as a selling opportunity and shift to a shorter-duration strategy. Dowding analyzed that the weak employment data primarily reflects a reversal in immigration flows rather than a sign of a recession.On October 24th, newly released PMI survey data showed that the UKs private sector grew faster than expected in October, ending a year-long manufacturing contraction and suggesting that the economy is beginning to recover from the impact of the Labour governments tax hikes. S&P Globals preliminary data released on Friday showed that the UKs composite PMI rose to 51.1 from 50.1 in September, exceeding economists forecast of 50.5 and remaining above the 50 mark that separates expansion from contraction. Businesses reported that input cost pressures had eased to their lowest level since November of last year, and new orders also improved. This helped slow the pace of job losses to the lowest level since May, when businesses were just beginning to adjust to government policies that increased labor costs. The manufacturing sector saw the most significant improvement, achieving its first growth since October of last year.
