10 min listen
Stock markets breathe a sigh of relief as US government remains open for business
Stock markets breathe a sigh of relief as US government remains open for business
ratings:
Length:
9 minutes
Released:
Oct 2, 2023
Format:
Podcast episode
Description
US futures raced higher this morning following a last-minute deal on Saturday evening to keep the US government open until at least 17th November. Bond yields are, however, further elevated over concerns of inflation, higher oil prices and how long interest rates will remain high. Chinese markets will be closed this week for the Golden Week holiday. Mensur Pocinci, Head of Technical Analysis, explains why he is bullish on the US dollar and believes that we will see US stocks rally into year end. 00:00 Introduction by Helen Freer (Investment Writing)00:24 Markets wrap-up by Bernadette Anderko (Investment Writing)05:11 Technical Analysis update by Mensur Pocinci (Head of Technical Analysis Research)08:11 Closing remarks by Helen Freer (Investment Writing)Would you like to support this show? Please leave us a review and star rating on Apple Podcasts, Spotify or your favourite podcast player.
Released:
Oct 2, 2023
Format:
Podcast episode
Titles in the series (100)
The Fed delivered the clearest signal yet: The US Federal Reserve is willing to tolerate a recession as a necessary trade-off for regaining control over inflation. The US central bank raised interest rates by 75 basis points for the third time in a row, leaving the Federal Funds Rate between 3% an by Moving Markets: Daily News