Asia Markets, Caixin PMI, India PMI, Hong Kong PMI

Australian retail sales It rose for the first time since the third quarter of 2022, posting a seasonally adjusted 0.2% sequential increase in the three months to September.

This beat the 0.2% decline expected by economists polled by Reuters and was a reversal from the 0.5% decline in the second quarter.

The country’s statistics office also revealed that retail sales fell by 1.7% on a seasonally adjusted year-on-year basis.

— Lim Huijie

A potential recession, high inflation levels and uncertainty surrounding the energy market are just some of the reasons why investors are currently steering away from Europe, but Goldman Sachs has remains positive.

In a note dated Oct. 31, the investment bank updated its “Conviction List – Director’s Cut” of stocks to buy in Europe, calling it “the most differentiated fundamental buy across our European coverage.” “A carefully selected list of ideas.”

The updated list includes the addition of one major stock.

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— Amara Balakrishna

Should investors choose bonds or stocks in the short to medium term?

Both markets have been volatile lately, which could present a difficult choice for traders.

Stock prices rose in response to the Federal Reserve’s decision to keep interest rates on hold, but Fed Chairman Jerome Powell said the central bank had not yet begun considering lowering interest rates and would not do so until inflation was brought under control. emphasized.

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Subscribers can read more here.

— Tan Weizhen

The market saw enough in this week’s Federal Reserve meeting to suggest that the chances of another rate hike are slim.

The odds of a rate hike in December fell to 14.6% on Thursday morning, the paper said. CME Group’s FedWatch Tool, we measure probability using federal funds futures pricing. A month ago, the chance of being transferred in December was 39%.

Futures prices are volatile and can change rapidly, and current indications are that the first rate cut could come as early as May.

—Jeff Cox

U.S. Treasury yields have continued to fall since early Thursday, contributing to gains in U.S. stock index futures as debate intensifies over whether “risk-on” trading will return.

The two-year bond yield was 4.954%, and the 10-year bond yield had fallen to 4.691% after briefly exceeding 5% two weeks ago. According to the CME FedWatch tool, which uses interest rate futures, the chance that the Federal Reserve will raise interest rates by another quarter of a point at its Dec. 13 policy meeting has collapsed, with the probability dropping to less than one in seven (14.6%). Meanwhile, bidding for government bonds is held. price.

S&P 500 index futures were last up 31 points to 4,237, up about 0.7%, and Nasdaq 100 futures were up 161 points, or 1.1%, to 14,906.

London-based Capital Economics said that as inflation slows, “yields will likely fall further, but will settle at levels much higher than before the pandemic.”

— Scott Schnipper

The CBOE Volatility Index (VIX), Wall Street’s favorite fear gauge, was trading at a low of 16.12 on Thursday, its lowest level in three weeks. This comes as stock prices rose for the second consecutive day on expectations that the US Federal Reserve will complete its interest rate hike by the end of the year.