Today’s Markets
In Asia, Japan +0.3%. Hong Kong +3%. China +1.3%. India +0.2%.
In Europe, at midday, London -0.1%. Paris -0.1%. Frankfurt flat.
Futures at 6:30, Dow -0.1%. S&P -0.2%. Nasdaq -0.2%. Crude +1.6% to $74.44. Gold +0.3% to $2,633.50. Bitcoin -1.7% to $61,032.
Ten-year Treasury Yield +1 bp to 4.08%.
In Europe, at midday, London -0.1%. Paris -0.1%. Frankfurt flat.
Futures at 6:30, Dow -0.1%. S&P -0.2%. Nasdaq -0.2%. Crude +1.6% to $74.44. Gold +0.3% to $2,633.50. Bitcoin -1.7% to $61,032.
Ten-year Treasury Yield +1 bp to 4.08%.
Today’s Economic Calendar
8:30 AM Initial Jobless Claims
8:30 AM Consumer Price Index
9:15 AM Fed’s Cook: “Entrepreneurship and Innovation”
10:30 AM EIA Natural Gas Inventory
10:30 AM Fed’s Barkin: “2025 Economic Outlook and Beyond”
11:00 AM Fed’s Williams: Economic Outlook and Monetary Policy
1:00 PM Results of $22B, 30-Year Bond Auction
2:00 PM Treasury Statement
4:30 PM Fed Balance Sheet
8:30 AM Consumer Price Index
9:15 AM Fed’s Cook: “Entrepreneurship and Innovation”
10:30 AM EIA Natural Gas Inventory
10:30 AM Fed’s Barkin: “2025 Economic Outlook and Beyond”
11:00 AM Fed’s Williams: Economic Outlook and Monetary Policy
1:00 PM Results of $22B, 30-Year Bond Auction
2:00 PM Treasury Statement
4:30 PM Fed Balance Sheet
Notables |
| Notable Earnings Today: Delta Air Lines (NYSE: DAL), Tilray (Nasdaq: TLRY), Domino’s Pizza (NYSE: DPZ), Neogen (Nasdaq: NEOG), Aehr Test Systems (Nasdaq: AEHR), Theratechnologies (Nasdaq: THTX). |
| Notable IPOs Today: Moove Lubricants Holdings (NYSE: MOOV). |
| Notable Equity Crowdfunding Campaigns Ending Today: Whiff and Nibble Novelty Gifts (Honeycomb), Well Water Finders (Netcapital), Finney’s Arcade (Honeycomb), Precision Wellness (SMBX). |
| Notable Economic Events Today: Jobless Claims (8:30 a.m. ET), Consumer Price Index / Core CPI (8:30 a.m. ET), Federal Budget Balance (2:00 p.m. ET), Fed’s Balance Sheet (4:30 p.m. ET). |
Trends to Watch |
| Catastrophic Storm: Hurricane Milton could cost $60bn in insurance losses (Financial Times) |
| The Windiest Place on Earth: Disney World and Universal closures halt Orlando tourism as Milton approaches (Associated Press) |
| How Aggressive: Fed officials were divided on whether to cut rates by half a point in September, minutes show (CNBC) |
| Changing Consumer Landscape: Home Depot Is Dropping Warehouses in a Shifting Retail Market (Wall Street Journal) |
| Chip Surge: Broadcom’s stock stands alone in the chip sector as it nears new high (MarketWatch) |
What else is happening global markets …
September CPI report: Tame inflation or unexpected comeback?
Some FOMC members backed 25-bp rate cut – meeting minutes.
Hurricane Milton puts $30B of Florida municipal debt at risk.
… and may be the costliest hurricane in terms of insured losses.
Report: OpenAI projections suggest no annual profits till 2029.
Peter Todd denies claims of being bitcoin’s mysterious creator.
Stellantis (STLA) expected to make some management changes.
Bayer (OTCPK:BAYZF) sinks as court to review Monsanto case.
TD Bank (TD) faces $3B penalties, asset cap in U.S. settlement.
Weight-loss drugs: Should investors worry about side effects?
