Macquarie Warrants Malaysia wrote a post · Oct 28, 2024 10:29

💡 What could move markets this week in US and Japan

• In macro releases in the US this week that will affect expectations for 4Q GDP: Job openings for September are set to be released on Tuesday night. The results for August were robust, reducing the downside risk for the labor market. This month's release will indicate whether the improvement has persisted and if the downward trend observed since March 2022 has been reversed.

• US real personal spending for September is due on Thursday. The strong performance of retail sales in September points towards a similar result for real personal spending. This release will help shape expectations for 4Q real GDP growth.

• Releases that will shape near-term expectations of rate cuts by the Fed: US 3Q GDP is set to be released on Wed night of October 30th. It is expected to maintain its solid momentum, with the FRB Atlanta tracking estimate revised to +3.3%. Also released on Wed night will be the core PCE index for September. It will likely show a continuation of the current disinflation trend overall, although it should firm somewhat from a subdued August reading.

• Finally, the US Employment report for October released on Friday night will also shape rate expectations. The unemployment rate is expected to be flat at 4.1%, following a slight decrease the previous month. Payrolls growth is forecast to be subdued at +135K with effects flowing from Hurricanes Helene and Milton potentially suppressing the estimate.

• Moving onto Japan: the focus will be on the Bank of Japan policy decision (Thursday). While the market is not expecting a change in rates, the market will be looking for any hints that the BoJ is getting closer to another hike.• The renewed weakness in the yen since the previous BoJ policy meeting may receive a mention from BoJ Governor Ueda, given his earlier comments that exchange rate movements are now more important for inflation.

• Investors who foresee market volatility in the US and Japan markets may wish to gain leveraged exposure via Macquarie Warrants Malaysia’s US index and Nikkei 225 warrants listed in the image above.

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Macquarie Warrants Malaysia

The official account of Macquarie Warrants Malaysia

Macquarie, a leading warrant issuer in Asia, provides state-of-the-art market making, education on warrants, and an array of tools for warrant traders. Macquarie Warrants Malaysia issues and market makes structured warrants listed on Bursa Malaysia. The content on this channel has not been reviewed by the Securities Commission Malaysia | Contact: 03-20598840 | Disclaimer : bit.ly/MQdisclaimer

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