Financiers clearly got their mojo back, speculating on two of their favorite themes: the cut in US key rates and the arrival of a stimulus plan in China. On the first point, it's hard to blame investors for getting ahead of themselves, since it's the Fed officials themselves who seem hinted that a less punitive monetary policy was on the cards.

Hosted by Audiomeans. Visit audiomeans.fr/politique-de-confidentialite for more information.

A series of events have strengthened investors' belief that rate hikes are over in the US. Until the next data of course, but Wall Street is focused on the short term and managed to get a rise yesterday, despite troubles in the Middle East. Today, focus is on the first corporate results for the third quarter.

Hosted by Audiomeans. Visit audiomeans.fr/politique-de-confidentialite for more information.

The conflict between Israel and Gaza turned into full on war after an attack by Hamas that killed hundreds of people and led to retaliation by the Israeli army. It ignited a new geopolitical conflagration, the economic consequences of which are still difficult to assess. 

Hosted by Audiomeans. Visit audiomeans.fr/politique-de-confidentialite for more information.

Friday started on a bad note with the announcement of the monthly US employment figures. The job market remains stubbornly strong, which does not please investors, who fear higher rates for longer.

Hosted by Audiomeans. Visit audiomeans.fr/politique-de-confidentialite for more information.

Wall Street ended in the green, helped by two factors. The first one being oil, which fell sharply yesterday, and this was quite overdue, if we take into account the current environment of high rates, strong dollar and a difficult Chinese economy. Demand was bound to eventually falter.

Hosted by Audiomeans. Visit audiomeans.fr/politique-de-confidentialite for more information.

The rise in US government borrowing costs is making life difficult for investors. Nervousness is tangible in the wake of the plunge in US government bonds, whose yields exploded as the two markers moved in opposite directions.

Hosted by Audiomeans. Visit audiomeans.fr/politique-de-confidentialite for more information.

Investors are still having a hard time accepting that Fed rates will stay higher for longer. As a result, the dollar is rising, while gold and oil tumble and the yield on 10-year US debt stands at 4.70%. Most markets ended in the red yesterday, except the Nasdaq 100.

Hosted by Audiomeans. Visit audiomeans.fr/politique-de-confidentialite for more information.

The small rebound seen at the end of last week eased the losses accumulated on the stock markets in August and September. This morning, the mood is one of relief following a budget compromise in the United States. The last quarter of the year end opens on a better note.

Hosted by Audiomeans. Visit audiomeans.fr/politique-de-confidentialite for more information.

Although today is up to a good start, with reassuring inflation data, this last session of the month should not prevent September 2023 from being a poor vintage. Equity markets bounced back a little yesterday on the back of slightly buoyant news. They are now eagerly awaiting companies' Q3 results and forecasts. 

Hosted by Audiomeans. Visit audiomeans.fr/politique-de-confidentialite for more information.

Wall Street futures were flat this morning ahead of economic data and Federal Reserve Chair Jerome Powell's comments. There are still many sources of tension on the markets, including soaring oil prices, higher for longer US rates and the dollar.

Hosted by Audiomeans. Visit audiomeans.fr/politique-de-confidentialite for more information.