🗞️ Market Recap (Thu 30 Oct) | Previous session update.

🗞️ U.S. Post Market Overview

Type	Session	Pct	Points	Last	Previous	Trend
🇺🇸 Dow 30	Thu	-0.23%	-109.88	47,522.12	47,632.00
🇺🇸 Nasdaq	Thu	-1.57%	-377.33	23,581.15	23,958.47
🇺🇸 S&P 500	Thu	-0.99%	-68.25	6,822.34	6,890.59
🇺🇸 Russell 2000	Thu	-0.76%	-18.85	2,465.95	2,484.81
🪙Gold	Thu	0.74%	29.8	4,045.70	4,015.90
🪨 Silver	Thu	0.49%	0.24	48.86	48.62
🛢️Crude Oil	Thu	-0.53%	-0.32	60.25	60.57
🇺🇸 10-Yr Treasury Note	Thu	0.86%	0.04	4.09	4.06
₿ Bitcoin	Thu	-2.21%		107,633.32	110,066.00

From the US

U.S. stock markets saw a downturn during the Thursday trading session. Major indices experienced significant declines as Wall Street closed in the red. The Nasdaq Composite witnessed a sharp drop, losing 377.33 points or 1.57%, finishing at 23,581.15. The Dow Jones Industrial Average also ended the day on a down note, shedding 109.88 points, a decrease of 0.23%, to settle at 47,522.12. Meanwhile, the S&P 500 Index fell by 68.25 points or 0.99%, closing the session at 6,822.34. This decline highlights investor caution as they navigate the market amid the absence of new economic data to guide trading decisions.

Investors are bracing for potential market turbulence with the looming release of the PCE Price Index, excluding food and energy, scheduled for 8:30 a.m. on Friday in New York. The anticipation surrounding this data release is palpable, and it could set the tone for market movement in the days to follow. Analysts are projecting a smaller forecast compared to the previous period, which adds to the uncertainty in the market. This economic indicator is crucial as investors look for signs of inflationary pressures and their potential impact on future Federal Reserve policies.

The session also saw notable declines in individual stocks. Sprouts Farmers Market LLC (SFM) sharply declined by 26.11%, falling to 77.25 per share. Itron Inc (ITRI) also experienced a significant drop, losing 21.12%, ending the session at 108.99. These companies were among the biggest losers of the day. Conversely, NVIDIA Corporation (NVDA), Pfizer Inc (PFE), and Ambev SA ADR (ABEV) were among the most actively traded stocks, drawing a considerable amount of market attention.

Looking ahead, the market outlook remains mixed as factors like economic data releases and potential geopolitical events could result in heightened volatility. Investors will be closely monitoring the PCE Price Index and other upcoming economic indicators to gauge the economic landscape and adjust their portfolios accordingly. Market participants need to remain vigilant and responsive to rapidly changing market conditions, as these dynamics continue to shape short-term and long-term investment strategies. While the recent downturn prompts cautious sentiment, opportunities could arise from market fluctuations for astute investors willing to navigate the uncertainties.

Wall Street Top Gainers, Losers and Active Stocks

Losers include Sprouts Farmers Market LLC (SFM), erasing -26.11% from its share price to 77.25 and Itron Inc (ITRI) dropped -21.12% to 108.99.

Elsewhere, most active counters were NVIDIA Corporation (NVDA) and Pfizer Inc (PFE) and Ambev SA ADR (ABEV).

🌏 Asia Markets

Type	Session	Pct	Points	Last	Previous	Trend
🇦🇺 ASX All Ordinaries	Fri	0.28%	25.70	9,204.60	9,178.90
🇦🇺 S&P/ASX 200	Fri	0.29%	25.6	8,911.10	8,885.50
🇭🇰 Hang Seng	Thu	-0.24%	-63.45	26,282.69	26,346.14
🇲🇾 FTSE Bursa Malaysia	Thu	0.04%	0.64	1,614.20	1,613.56
🇳🇿 NZX 50	Fri	0.29%	39.07	13,498.36	13,459.29
🇯🇵 Nikkei 225	Thu	0.04%	17.96	51,325.61	51,307.65
🇵🇭 PSE Index	Thu	0.01%	0.88	5,964.65	5,963.77
🇸🇬 Straits Times Index	Thu	-0.06%	-2.77	4,437.44	4,440.21
🇮🇳 NIFTY 50	Wed	0.16%	30.8	19,814.20	19,783.40
🇨🇳 SSE Composite	Thu	-0.03%	-1.32	3,986.90	3,988.22

🌏 From Asia and Europe

In the latest financial market updates, the Nikkei 225 index from Japan saw a marginal increase, closing up by 0.04% to settle at 51,325.61 points. Meanwhile, in Europe, Germany’s DAX slightly decreased by 0.02% to 24,118.89, whereas the FTSE 100 in the UK reported a slight rise of 0.04% ending at 9,760.06. These movements come amidst varied economic data from different regions. In Japan, inflation indicators have shown an increase, with the Tokyo Consumer Price Index excluding fresh food and energy rising to 2.8% in October. Furthermore, retail trade in Japan has improved significantly, shifting from a contraction to moderate growth over the span of a year. European data reflects a mixed scenario: Germany’s economic indices indicate slight improvements in GDP growth and a stabilizing unemployment rate, while inflation appears to be slowing down gradually. Australia’s recent data show a minor rise in the Producer Price Index for the third quarter. Overall, these movements suggest regional economies might be navigating through a period of cautious optimism, although challenges remain in terms of sustaining growth and managing inflation.

Looking ahead, the outlook for the financial markets remains cautiously optimistic, with expectations that easing inflationary pressures, as seen in Germany’s HICP and CPI data, could create a more favorable environment for economic growth. Stability in interest rates, such as those in the Euro Area and Japan, might provide further support to financial markets by maintaining conducive conditions for investment. However, consumer confidence figures from New Zealand suggest that there is still some apprehension regarding economic prospects. Additionally, it will be crucial to monitor how global events play out, especially regarding any geopolitical and economic shifts, as they could impact market sentiment and monetary policies. It is also essential to watch for further updates on economic indicators to evaluate potential market adjustments and tactical opportunities effectively. Overall, while there remains room for cautious optimism, vigilance and adaptability will be key in navigating the market trends in the months ahead.

🇪🇺 Europe and UK 🇬🇧

Type	Session	Pct	Points	Last	Previous	Trend
🇬🇧 FTSE 100	Thu	0.04%	3.92	9,760.06	9,756.14
🇬🇧 FTSE 250	Thu	-0.71%	-159.27	22,289.00	22,448.27
🇬🇧 AIM	Thu	-0.4%	-3.06	769.83	772.89
🇫🇷 CAC 40	Thu	-0.64%	-52.1	8,148.78	8,200.88
🇩🇪 DAX	Thu	-0.02%	-5.32	24,118.89	24,124.21
🇩🇪 MDAX	Thu	-0.14%	-41.16	29,899.23	29,940.39
🇩🇪 TecDAX	Thu	-0.46%	-16.96	3,655.22	3,672.18
🇩🇪 SDAX	Thu	0.05%	9.06	16,880.21	16,871.15
🇨🇭 Euro Stoxx 50	Thu	-0.22%	-12.68	5,693.13	5,705.81

💵 Forex Markets

Performance after Thursday
Symbol	Day	Week	Month	Last	Momentum
🇪🇺 🇺🇸 EURUSD	-0.29%	-0.52%	-1.43%	1.15650
🇬🇧 🇺🇸 GBPUSD	-0.33%	-1.19%	-2.17%	1.31500
🇺🇸 🇯🇵 USDJPY	0.92%	0.83%	4.21%	154.12
🇺🇸 🇨🇦 USDCAD	0.31%	-0.07%	0.47%	1.39850
🇦🇺 🇺🇸 AUDUSD	-0.29%	0.61%	-0.88%	0.65530
🇳🇿 🇺🇸 NZDUSD	-0.38%	-0.12%	-0.91%	0.57410
🇺🇸 🇨🇭 USDCHF	0.26%	0.79%	0.7%	0.80170

🌐 In Other Markets

🪙Gold is up by 0.74% (29.8 USD an ounce) to 4,045.70 USD an ounce as on Thu. Previous day close was 4,015.90.

🪨 Silver is up by 0.49% (0.24 USD an ounce) to 48.86 USD an ounce as on Thu. Previous day close was 48.62.

🛢️Crude Oil is down by -0.53% (-0.32 USD per barrel) to 60.25 USD per barrel as on Thu. Previous day close was 60.57.

On Thu, 🇺🇸 10-Yr Treasury Note ended the day trading session up by 0.86% (0.04 basis points) higher to 4.09. Previous day close was 4.06.

₿ Bitcoin is down by -2.21% (-2,432.68 USD) to 107,633.32 USD as on Thu. Previous day close was 110,066.00.

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