⚡️Investors Are Buying Gold At Record Pace Since 2020
Over the past week, investments in gold ETFs increased by $3.2 billion, improving the previous week’s figure by 2.6 times.
📌Powered by V3V Ventures
🗓 KEY EVENTS THIS WEEK
⏺Monday, October 28
US - Dallas Fed Mfg Business Index
⏺Tuesday, October 29
US - Consumer Confidence
⏺Wednesday, October 30
Eurozone, US - GDP Q3
⏺Thursday, October 31
China - Manufacturing PMI
Bank of Japan - Rate Decision
Eurozone - CPI
⏺Friday, November 1
US, China - Manufacturing PMI
US - Non-Farm Payrolls
📌Powered by V3V Ventures
📈 Shares of Deckers Outdoor, the maker of popular footwear brands like Hoka and Ugg, surged 10% after the company leapfrogged past estimates in its fiscal Q2 earnings report.
📌Powered by V3V Ventures
Alibaba has agreed to pay $433.5 million to settle a lawsuit in US filed by investors accusing the e-commerce giant of monopolistic practices.
📌Powered by V3V Ventures
💵US Money Market Funds See Big Inflows As Election Approaches
Amid uncertainty surrounding the US presidential election and a revision to the Fed rate outlook, investors flocked to safe haven assets, leading to significant flows into money market funds in the week ending October 23
📌Powered by V3V Ventures
⚡️Nvidia Shares Have More Than Doubled The Decline of 128 SP500 Stocks This Year
The company accounts for $2.2 trillion of the $9.3 trillion in SP500 capitalization growth this year
📌Powered by V3V Ventures
🔼Palladium Price Increased By 10% And For The First Time In Ten Months Reached $1170/ounce
Market participants reacted to the US proposal to limit the export of palladium from Russia, which is the largest producer.
📌Powered by V3V Ventures
📈Magnificent Seven index rises to highest since July, helped by 20% rally in Tesla shares
📌Powered by V3V Ventures
📉South Korean consumer electronics giant LG Electronics' net profit fell sharply in Q3 due to rising logistics costs and higher raw material prices
📌Powered by V3V Ventures
⚡️Keurig Dr Pepper to Buy Energy-Drink Maker Ghost for Over $1 Billion
📌Powered by V3V Ventures
💥Tesla Delivers Impressive Quarter And Sets Bold Plans For 2025
The results show that the first-half contraction is easing as demand recovers. Following the report, shares rose 12% in post-market trading on Wednesday.
📌Powered by V3V Ventures
🔼Spirit Airlines jumped 35% after The Wall Street Journal reported Frontier Airlines was exploring a renewed bid for the struggling carrier.
📌Powered by V3V Ventures
🔼Coca-Cola Increased Quarterly Sales And Improved Forecast
Coca-Cola Co. said consumers continue to pay the higher prices that have supported the company in recent quarters, with a key sales metric rising in the third quarter
📌Powered by V3V Ventures
🔔JPMorgan Sees Strong Stock Growth Ahead
JPMorgan strategists disagree with Goldman's forecast and expect an average return of 6.7% for US large-cap stocks over the next 10-15 years.
📌Powered by V3V Ventures
⚡️Hedge funds are long VIX futures for the first time since 2019
📌Powered by V3V Ventures
🔽Oil opened with a gap down almost 5% after Iran reported that Israeli strikes only affected the military structure and did not affect oil facilities.
📌Powered by V3V Ventures
🗓 Corporate Earnings Season Continues In the US
So far, 37% of SP500 companies have reported. Of these, 75% beat EPS expectations, below the 5-year average of 77% and on par with the 10-year average of 75%.
📌Powered by V3V Ventures
⚠️Boeing Questions The Future Of The Iconic Starliner Space Program
Boeing's new CEO, Kelly Ortberg, is evaluating the company's portfolio to raise funds, weed out underperforming units and save the company from crisis. A review of the Starliner program signals that Boeing may wind down or sell an operation marred by years of disruption with cost overruns and delays of more than $1.8 billion.
📌Powered by V3V Ventures
🔽Newmont Shares Fall By The Most In More Than 25 Years
Shares of the world's largest gold mining company Newmont lost 16% due to disappointing earnings. The company did not meet analysts' expectations for either revenue or profit, despite gold prices breaking records.
📌Powered by V3V Ventures
🔼Spirit Airlines Shares Jump 15% On Company Plans To Sell Planes
Spirit Airlines intends to sell 23 old Airbus aircraft to GA Telesis, which is engaged in the maintenance of aircraft equipment. This measure will bring it $519 million.
📌Powered by V3V Ventures
⚠️Hedge funds actively sold Chinese stocks and bought US stocks in October ahead of the US elections - GS
📌Powered by V3V Ventures
💥Trump is considering eliminating income taxes for all Americans - NYT
📌Powered by V3V Ventures
⚡️Average US 30-year Mortgage Rates Rise For Four Weeks In A Row
Average interest rate on 30-year home loans increased 10 basis points last week to 6.54%. At the current average, monthly payments on a $600,000 mortgage would be approximately $3,808.
📌Powered by V3V Ventures
💵October Will Be The Best Month In 2 Years For US Dollar
Dollar's rise this month comes largely as markets increasingly bet on Trump winning the US presidential election
📌Powered by V3V Ventures
📈Hermes Continues To Outshine Rivals With Q3 Sales Up 11.3%
Birkin bag maker Hermes reported on Thursday a hefty rise in third-quarter sales, continuing to outshine rivals hit hard by a downturn in China as its luxury handbags lure wealthy shoppers.
📌Powered by V3V Ventures
⚠️Bond Market Is Seeing A Sell-off After Traders' Erroneous Forecasts About The Fed's Actions
Against the backdrop of a possible Republican victory and strong economic data in the US, the likelihood of a rate cut may be overestimated.
📌Powered by V3V Ventures
📉Starbucks Fell After Missing Analysts Estimates And Suspending Guidance For Its Next Fiscal Year
The coffee chain said same-store sales fell 7% from a year earlier, and revenue declined 3% to $9.1 billion. The results were primarily driven by softness in North America’s revenues in the quarter.
📌Powered by V3V Ventures
💥 Tokyo Metro shares surge 45% after Japan's biggest IPO in six years
📌Powered by V3V Ventures
⚡️For the first time since August, Donald Trump has overtaken Kamala Harris in The Economist's statistical model of the US presidential election
The latest forecast shows Mr Trump has a 54% chance of returning to the White House
📌Powered by V3V Ventures
📉IMF Lowered Its Forecast For China's GDP Growth To 4.8% In 2024
IMF: China's economic stimulus measures announced by the People's Bank of China are insufficient to significantly increase growth rates
📌Powered by V3V Ventures