Weekly Briefing

Financial Markets (Weekly) Week-on-week, the main stock market indices continued rising, with the S&P500 gaining 1.8%, the NASDAQ 100 up 1.5%, and the RUSSEL 2000 up 0.9%.  Gold is up by 2.5%, and silver gained 5.9%. The barrel of WTI is down 0.3% to 78$ per barrel. Bitcoin rised 6% and is now around 37100$. […]

Financial Markets Week-on-week, the main stock market indices continued rising, with the S&P500 gaining 1.3%, the NASDAQ 100 up 2.9%, and the RUSSEL 2000 3.2% in the red.  Gold is down by 2.7%, and silver lost 4.1%. The barrel of WTI is down 4.4% to 77$ per barrel. Bitcoin rised 6% and is now around

Economic News The number of job openings increased by 56000 from the previous month in September 2023. During the month, job openings saw growth in accommodation and food services and in arts, entertainment, and recreation. Job openings declined in other services, the federal government, and information. This number shows that US companies continue looking for

Global News   44 Billion USD Exits Bank of America, Morgan Stanley and BNY Mellon in Three Months As Deposit Flight Refuses to Relent.  The three US financial titans just witnessed the flight of deposits in excess of $44 billion in a single quarter. According to Bank of America’s most recent quarterly earnings press release,

Global News In the beginning of the week, the Pentagon ordered a second US Navy carrier strike group to the eastern Mediterranean. USS Dwight D. Eisenhower and several other vessels will join a group of ships already in the area. The US said its force posture was meant to support Israel and prevent the war

News Summary   On the beginning of the week, Federal Reserve Bank of Dallas President Lorie Logan said the recent surge in Treasury yields may mean less need for the US central bank to raise its benchmark interest rate again. “Higher term premiums result in higher term interest rates for the same setting of the

News Summary This week, manufacturing and services PMIs were released around the world. China’s manufacturing PMI holds slightly above 50, in positive territory, but in the US and especially in Europe, namely Germany, there is a continued contraction. Regarding services PMIs, they are closer to neutral, and slightly positive in the US. Job openings in

News Summary The U.S. is on the brink of a federal government shutdown after hard-right Republicans in Congress rejected a longshot effort to keep offices open as they fight for steep spending cuts and strict border security measures that Democrats and the White House say are too extreme. Come midnight Saturday with no deal in

News Summary For more than 212 straight trading days the 10-year yield have held below the three-month yield, a situation known as yield curve inversion. Such an inversion was a predictor of the last eight recessions. The apparent disconnect between the market’s warning and the surprisingly resilient economy shows how much uncertainty has persisted since

News Summary On Wednesday, Philip Jefferson took the oath of office as the Federal Reserve Board’s new vice chair, as policymakers gear up for an interest-rate-setting meeting next week. Jefferson, who will be the second Black person to hold the vice chair post, will continue to hold a separate term as governor, which runs through 2036.