MARKETS ENTER THE EVENT STORM
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MARKETS ENTER THE EYE OF RISK-EVENT STORM
Yields are mercifully lower as the week draws to a close, removing some of the angst that has weighed on equities and allowing the beaten-down yen and euro to regain some composure against the dollar.
But this relative calm feels like the eye of the storm as risk events swirl on the horizon next week: mega-cap earnings from five of the "Magnificent 7"; a highly consequential U.S. payrolls report on Friday; and the final lap going into a likely photo-finish U.S. presidential election on Nov. 5.
The "Trump trade" has been gathering momentum with a sharp rise in the odds of a second Donald Trump presidency on some betting platforms, although polls have the race neck-and-neck.
The upshot in markets thus far is a dollar on track for a fourth week of gains and Treasury yields set for a sixth weekly advance, on Trump's platform of more tariffs and taxes, seen as inflationary by many in the markets.
Meanwhile, a spate of robust U.S. economic data has spurred a rapid paring back of bets on Fed easing, which is also buoying yields and the dollar.
Stocks are getting a little respite to finish the week but it's far from a recovery. Optimism over Tesla's earnings was the driver for most of Wall Street's limited overnight gains, and the Dow actually fell. Investors are now looking ahead to earnings from Alphabet, Amazon, Apple, Meta and Microsoft over a three-day period from Tuesday.
Stocks in Asia are mixed, with Japan's Nikkei sliding 1% amid a rebound in the yen and uncertainty over a general election on Sunday that could deprive the coalition government of its lower house majority.
The MSCI world equity index .MIWO00000PUS is still limping towards a 1.2% loss for the week, set to snap a two-week winning streak.
Pan-European STOXX 50 futures STXEc1 are pointing slightly lower, with the cash STOXX 600 .STOXX heading for a 1.1% weekly decline.
For Europe, the docket of scheduled events is on the lighter side: Germany's Ifo surveys headline the macro calendar for Friday, while earnings are due from Sanofi, Natwest and Mercedes-Benz, among others.
Later in Washington, the annual IMF-World Bank meetings - where policymakers of all stripes step up to air their views - enter the penultimate day. Japanese officials have used the venue to issue warnings to speculators against pushing down the yen. Bank of England Governor Andrew Bailey speaks on Saturday.
Key developments that could influence markets on Friday:
-German Ifo surveys (Oct)
-Earnings from Sanofi, Natwest and Mercedes-Benz
-IMF-World Bank meetings in Washington DC
(Kevin Buckland)
Aset Berkaitan
Berita Terkini
Penafian: Entiti XM Group menyediakan perkhidmatan pelaksanaan sahaja dan akses ke Kemudahan Dagangan Atas Talian, yang membolehkan sesorang melihat dan/atau menggunakan kandungan yang ada di dalam atau melalui laman web, tidak bertujuan untuk mengubah atau memperluas, juga tidak mengubah atau mengembangkannya. Akses dan penggunaan tersebut tertakluk kepada: (i) Terma dan Syarat; (ii) Amaran Risiko; dan Penafian Penuh. Oleh itu, kandungan sedemikian disediakan tidak lebih dari sekadar maklumat umum. Terutamanya, perlu diketahui bahawa kandungan Kemudahan Dagangan Atas Talian bukan permintaan, atau tawaran untuk melakukan transaksi dalam pasaran kewangan. Berdagang dalam mana-mana pasaran kewangan melibatkan tahap risiko yang besar terhadap modal anda.
Semua bahan yang diterbitkan di Kemudahan Dagangan Atas Talian kami bertujuan hanya untuk tujuan pendidikan/maklumat dan tidak mengandungi – dan tidak boleh dianggap mengandungi nasihat kewangan, cukai pelaburan atau dagangan dan cadangan, atau rekod harga dagangan kami, atau tawaran, atau permintaan untuk suatu transaksi dalam sebarang instrumen kewangan atau promosi kewangan yang tidak diminta kepada anda.
Sebarang kandungan pihak ketiga serta kandungan yang disediakan oleh XM, seperti pendapat, berita, penyelidikan, analisis, harga, maklumat lain atau pautan ke laman web pihak ketiga yang terdapat dalam laman web ini disediakan berdasarkan "seadanya" sebagai ulasan pasaran umum dan bukanlah nasihat pelaburan. Sesuai dengan apa-apa kandungan yang ditafsir sebagai penyelidikan pelaburan, anda mestilah ambil perhatian dan menerima bahawa kandungan tersebut tidak bertujuan dan tidak sediakan berdasarkan keperluan undang-undang yang direka untuk mempromosikan penyelidikan pelaburan bebas dan oleh itu, ia dianggap sebagai komunikasi pemasaran di bawah peraturan dan undang-undang yang berkaitan. SIla pastikan bahawa anda telah membaca dan memahami Notifikasi mengenai Penyelidikan Pelaburan Bukan Bebas dan Amaran Risiko mengenai maklumat di atas yang boleh diakses di sini.
