Top 5 Market Events to Watch This Week
US Jobs Report:
The Labor Department releases the October nonfarm payrolls report on Friday, with expectations of 144,000 new jobs. This data will inform the Fed's rate-cutting strategy and could affect recession fears.
Powell's Remarks:
Fed Chair Jerome Powell speaks on Monday about the economic outlook. His comments may reflect the recent rate cuts and labor market trends, with insights from other Fed officials throughout the week.
Q4 Market Kickoff:
The fourth quarter begins on Tuesday, following a volatile Q3. Key market dynamics, including yen performance and stimulus measures from China, may influence investor sentiment as the US election approaches.
Eurozone Inflation:
Flash inflation data for September is due Tuesday. A reading below the ECB’s 2% target could impact expectations for potential rate cuts, with current projections suggesting over a 50% chance of a cut in October.
Oil Prices:
Oil prices fluctuated last week, settling lower amid expectations of increased global supply and fresh stimulus from China. Energy traders will monitor labor market data closely, as interest rate cuts can boost demand.
$S&P 500 Index (.SPX.US)$ $CBOE Volatility S&P 500 Index (.VIX.US)$ $Nasdaq Composite Index (.IXIC.US)$ $Dow Jones Industrial Average (.DJI.US)$ $ProShares UltraPro Short QQQ ETF (SQQQ.US)$ $ProShares UltraPro QQQ ETF (TQQQ.US)$ $Crude Oil Futures(DEC4) (CLmain.US)$ $iShares U.S. Treasury Bond ETF (GOVT.US)$ $U.S. Treasury Bond ETFs (LIST22866.US)$ $U.S. 5-Year Treasury Notes Yield (US5Y.BD)$ $iShares China Large-Cap ETF (FXI.US)$ $KraneShares CSI China Internet ETF (KWEB.US)$ $Hang Seng Index (800000.HK)$
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