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The United Nations Human Rights Office said the number of civilian deaths in Sudan increased significantly in the first half of this year.EU sources: The European Commission plans to propose a ban on imports of Russian liquefied natural gas on January 1, 2027, one year earlier than originally planned.On September 19th, Morgan Stanley no longer expected the Bank of England to cut interest rates further for the rest of the year. Prior to yesterdays announcement, Morgan Stanley had previously noted the possibility of "double rate cuts in November and December, or no rate cuts at all," adding that its baseline outlook was for "gradual rate cuts starting in November 2025, ultimately reducing the rate to 2.75%." Therefore, this marks a significant shift in the firms outlook. Furthermore, UBS Global Wealth Management also no longer expects any additional rate cuts from the Bank of England for the rest of the year. Meanwhile, BNP Paribas has postponed its expected rate cut from November to December.Another rate cut this year: 1. TD Securities: Expects the Bank of England to cut by 25 basis points in November. 2. Danske Bank: The Bank of England is unhawkish and expects a rate cut in November. 3. BNP Paribas: Expects the Bank of England to cut its next rate in December, not November as previously forecast. 4. Deutsche Bank: Expects the Bank of England to cut once in December and two more in 2026. 5. ING: We still believe the Bank of England will cut once more this year, with the probability of a cut roughly 50-50. 6. Fitch: We expect the Bank of England to reluctantly cut once more, but a single piece of data could easily shift the current balance. No more rate cuts this year: 1. UBS: No longer expects a Bank of England rate cut in 2025. 2. Goldman Sachs: No longer expects a Bank of England rate cut in 2025; previously, it had predicted a November cut. 3. JPMorgan Chase: The Bank of England is expected to cut interest rates by 25 basis points in February and May 2026, respectively. The previous forecast was for November 2025 and February 2026. 4. Peel Hunt: The investment bank no longer expects the Bank of England to cut interest rates in 2025; it expects the Bank of England to cut interest rates twice in the first half of 2026, each by 25 basis points.Bank of Japan: Governor Kazuo Ueda will attend the European Financial Markets Association International Financial Forum in Paris in Tokyo on October 8.

S&P 500 Rallied Above The 50 EMA As Treasury Yields Declined

Skylar Shaw

Oct 26, 2022 15:34

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The stock market rose to multi-week highs.

Today, the S&P 500 had significant upward momentum as Treasury rates declined from recent highs. According to the CB Consumer Confidence and Case-Shiller Home Price Index data, the economy is already beginning to feel the effects of rising interest rates. These news were positive for equities since the Fed may become less hawkish as a result of weak economic statistics.


The recovery today was widespread, and all market categories were heading upward. Because of lower Treasury rates, REITs were strongly supported.


After Amazon launched Venmo as a payment option ahead of the holiday season, PayPal saw a 7% increase. The choice made by Amazon will improve PayPal's fourth-quarter performance.


Trading speculation that the worst has already been priced in ahead of tomorrow's earnings announcement, which will be issued after the market close, helped Meta climb 6%.


Significant earnings reports that were announced after the market closed put the market's optimism to the test.


Alphabet announced profits of $1.06 per share and sales of $69.09 billion, both of which fell short of expert expectations. The company's shares came under rapid pressure and dropped below the $100 mark.


Microsoft reported $50.1 billion in sales and $2.35 per share in profitability. The business said that sales from Microsoft Cloud was $25.7 billion, up 24% from the previous year. The stock did not get much support from the robust rise in the cloud sector in the post-market session, and Microsoft dropped below the $250 threshold.


By exceeding analyst expectations for both profits and sales, Visa announced revenue of $7.8 billion and adjusted earnings of $1.93 per share. The business announced a $12 billion share buyback program as well as an increase in dividend payments to $0.45 per share. Although Visa shareholders were pleased with the dividend hike and stock repurchase, the stock remained mostly unchanged in the post-market session.


It is important for traders to be aware that these stocks will be sensitive to remarks made during the results calls, and that tomorrow's dynamics may be different from the price movement in the post-market session.

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