EUR/USD
1.16307
-0.182%
Gold
3960.01
0.185%
Oil
59.912
-0.170%
USD/JPY
152.350
0.162%
GBP/USD
1.32397
-0.231%
GBP/JPY
201.712
-0.054%
Real-time News
Royal Bank of Canada: Raised its price target on Walmart (WMT.N) from $106 to $116.On October 29th, Advantests stock price hit the upper limit of its price range, rising 22% from the previous day to a new high since its listing. The company had significantly raised its operating profit forecast for the current fiscal year and announced a share buyback program the previous day, triggering a surge in buying.On October 29th, US President Trump stated on Wednesday that he expects US GDP to grow by 4% in the next quarter. He also stated that he will not allow the Federal Reserve to raise interest rates. Regarding Trumps remarks, some analysts suggest that Trump should be pleased with recent developments, as the market has accepted the view that the Fed must cut interest rates sooner rather than later. There is no doubt that the central bank must act before the end of the year, although, according to his statement, he may prefer a more significant rate cut.End of October: 1. TD Securities: Advances forecast for the end of the Feds balance sheet reduction to October. 2. Mizuho Securities: Advances forecast for the end of the Feds balance sheet reduction to October. 3. Bank of America: The Fed will announce the end of quantitative tightening at the end of October, not the end of the year. 4. JPMorgan Chase: The Fed will stop shrinking its approximately $6.6 trillion balance sheet this month. 5. Evercore IS: The market has largely reached a consensus that the Fed will end quantitative tightening this month. 6. Nordea Bank: We expect the October meeting will likely result in a decision to completely halt balance sheet reduction, or at least an announcement that a decision is imminent. 7. ANZ: Powell stated that the Feds balance sheet reduction means bank reserves are moving from "ample" to "adequate," so the Fed may consider ending quantitative tightening and may announce in October that the balance sheet reduction will end in December. 8. Economists at Wrightson ICAP: The Fed may announce at its October interest rate decision that it will no longer reduce its bond holdings. The Federal Reserve will begin purchasing U.S. Treasuries to offset maturing mortgage bonds, thereby maintaining a stable balance sheet. Ending in December: 1. Goldman Sachs: We expect the Fed to end its balance sheet reduction program later than October. 2. Barclays: The Fed may signal an end to its balance sheet reduction program in December. 3. Deutsche Bank: We expect the Fed to announce quantitative tightening at the FOMC meeting at the end of December. 4. CityIndex analyst David Scutt: The Fed may also announce the end of quantitative tightening in its statement, but the likelihood is greater that it will be delayed until December. 5. PIMCO Director and former Federal Reserve Vice Chairman Richard Clarida: Even if the Fed does not formally end its balance sheet reduction program in October, we will receive a strong signal that quantitative tightening will end in December.Japans household consumer confidence index was 35.8 in October, down from 35.3 in the previous month.
