Stock Market & Trading

⚡️US Fed Cut Rates By 0.25% To 4.50%-4.75% In Line With Forecasts

It came after 0.50% cut in September

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🔼Moderna Shares Jumped 11% After Quarterly Report

The American biotech company Moderna received $13 million in net profit in the 3rd quarter of 2024 after losses of $3.63 billion a year earlier for the same period.

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⚠️Trump's Threat To Impose 60% Tariffs On Chinese Imports Into The US Poses Serious Risks For China

Tariff rates are much higher than the 7.5–25% during his first term, and the economy is in a much more vulnerable position

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⚠️Trump's Victory Increases Risks For Bank Of Japan, Because Yen Resumes Its Decline

The likelihood of a rate hike by Bank of Japan in December may increase if the yen continues to fall

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📈 Dow, Nasdaq, S&P 500 soar to records after Trump's election victory

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Business Activity In China Is Growing With New Orders Increasing For The 22nd Month In A Row

Following the Politburo's focus on economic issues in late September, new measures were introduced to stabilize demand and boost optimism.

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💸Chinese Stocks Posted The Strongest Growth In 2 Weeks Amid Expectations Of The Announcement Of Another New Stimulus Package

China's parliament meets from November 4 to 8, fiscal stimulus details expected to be revealed

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🗓 US Corporate Earnings Season Is On

So far, 70% of S&P 500 companies have reported. Of these, 75% beat EPS expectations, below the 5-year average of 77% but in line with the 10-year average of 75%.

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⚡️OPEC+ extends voluntary oil production cuts by 2.2 million bpd until the end of December

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⚠️More Wealthy Americans Want To Leave The Country Before The Election

Immigration lawyers say many fear political and social unrest no matter who wins. Their clients have already created a rush of demand for second passports, some of whom are even willing to stay abroad longer.

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🔔Bezos Sold Amazon Shares Again, Taking Advantage Of The Rally In Retailer's Shares

On November 1, he sold more than 16 million shares and earned almost $3 billion, SEC data show.

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