This Tuesday, October 29, 2024, marks the start of a pivotal week for the markets, with several key reports that will define the trend of the coming days. In addition to corporate results and the JOLTs survey, multiple relevant economic indicators will be released throughout the day. Here are the five key highlights for today:
1. U.S. JOLTs survey.
Today at...
This morning, gold prices fell, reflecting lower safe-haven demand, following the easing of geopolitical tensions in the Middle East. Israel's decision not to attack key infrastructure in Iran over the weekend reduced fears of further escalation in the conflict, diverting investors into assets such as the dollar. Despite threats of retaliation from Iran, the...
Shares of Tesla (Ticker AT: TSLA.US) surged more than 11% following the release of its third-quarter results, which beat investor expectations. The company highlighted by breaking its streak of four consecutive quarters of missing earnings per share (EPS) estimates, driven by a significant improvement in its margins. During the earnings call, CEO Elon Musk...
The U.S. stock market, especially the S&P 500, has experienced a recent correction due to rising 10-year Treasury yields, which have reached their highest level since July. While this increase has put pressure on stocks, some analysts believe the impact could be temporary.
The S&P 500(Ticker AT:USA500), which has shown positive performance in 2024, continues...
Market Context
Recent trading sessions have been marked by expectations regarding the US Federal Reserve 's monetary policies. The market anticipates that the US central bank will adopt a less aggressive stance in its interest rate cuts. This backdrop has boosted the dollar, which has gained nearly 4% from last month's lows, as reflected in the Dollar Index,...
Political and Geopolitical Impact:
The gold metal has rallied 40% so far in 2024 and gold prices remain near record highs due to growing risk aversion triggered by political uncertainty in the US and geopolitical tensions in the Middle East. With the U.S. presidential election just two weeks away, the race between Donald Trump and Kamala Harris appears to be very...
In a recent announcement, the BRICS alliance (Brazil, Russia, India, China and South Africa) has confirmed that the XRP and XLM cryptocurrencies will be the cryptocurrencies of choice to power its new cross-border payments system. The move underscores BRICS' focus on creating an efficient, decentralized alternative to current legacy systems such as Swift.
XRP...
ASML Holding N.V., one of the leading technology suppliers in the semiconductor industry, has reported its financial results for the third quarter of 2024, reporting solid growth despite the challenges faced. The company achieved net sales of €7.5 billion, representing a 20% increase over the previous quarter. This growth was driven mainly by demand for its...
The S&P 500 Index has set a new record by completing its sixth consecutive week of gains, a feat that underscores its strength in 2024. With this performance, the index has recorded its 46th and 47th highest closes of the year, underscoring the market's resilience amid challenging economic conditions.
Continued S&P 500 Successes
The S&P 500's positive streak...
The global energy market is undergoing dramatic changes, with oil and lithium playing a crucial role. As oil prices face a significant weekly drop, the extraction of lithium in oil fields, such as the Smackover Formation in the United States, offers a revolutionary opportunity for the energy industry. These developments reflect the current dilemma: the same...
The Ibex 35 has performed remarkably well in recent sessions, reaching an intraday high of 12,000 points, thanks to the solid performance of several market sectors.
Telecommunications
The telecommunications sector has been the main driver of the index, led by Telefónica. The company experienced a strong boost following a favorable European court decision...
The European Central Bank (ECB) is under pressure to cut interest rates for the third time this year, prompted by the surprise 50 basis point cut announced by the U.S. Federal Reserve (Fed) in September. Although the ECB had planned to wait until December to make another cut, recent economic data, such as weak PMIs and falling inflation in the Eurozone, have...
The S&P 500 has reached new all-time highs, and with it, several of its components are also achieving record highs. Among these stocks, two tech giants stand out: Oracle and Netflix. Although they belong to different sectors, both have demonstrated solid growth and present great potential for investors looking for opportunities in this boom time.
Netflix: The...
The S&P 500 has reached record highs, boosted by solid results from the U.S. financial sector. Companies such as JPMorgan and Wells Fargo posted gains of 4% to 5%, strengthening the market and positioning U.S. banking at one of its highest points in history. As the earnings season progresses, investors are looking to maximize their portfolio returns in an...
European stock markets started the week little changed due to the disappointing update on China's stimulus, which generated uncertainty among investors. Although the technology and telecommunications sectors showed slight gains, luxury, leisure and travel stocks, especially those linked to the Chinese market, fell significantly. French companies LVMH and Hermes...
The recent release of the U.S. Consumer Price Index (CPI) showed that core inflation unexpectedly rose from 3.2% to 3.3% in September, raising concerns about a possible reaction from the Federal Reserve (Fed). Investors fear that this increase could pressure the Fed to adopt a less dovish stance, even if that means hurting the labor market and the broader economy....
Berkshire Hathaway (NYSE: BRKa), the investment firm led by Warren Buffett, has raised 281.8 billion yen ($1.9 billion) through a Samurai bond issue, strengthening its position in the Japanese market. This is the company's largest yen bond issue in five years, with maturities ranging from 3 to 30 years. The most significant tranche was the 3-year tranche,...
McDonald's - NYSE: MCD , has sued major meat companies, including JBS - BVMF: JBSS3,), Tyson Foods - NYSE: TSN, Cargill - (private, not publicly traded) and National Beef - (private, not publicly traded) accusing them of manipulating meat prices since 2015. According to the lawsuit, these companies would have intentionally reduced the supply of cattle to increase...
![USA500: ]S&P 500 Sets a Record: Six Weeks of Steady Gains](https://s3.tradingview.com/o/OIckNlWV_mid.png "]S&P 500 Sets a Record: Six Weeks of Steady Gains")
