Wall Street: trading analysis and economic forecasts
In a context of economic uncertainty, Wall Street opened trading higher, marking a significant increase after a week characterized by negative performance. The S&P 500 index registered an increase of 0.5%, although it is preparing to interrupt a positive streak of six consecutive weeks. This scenario highlights the volatility of the market and the continuous evolution of investor expectations
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Analysis of the main indices
The Nasdaq 100 showed an increase of 0.7%, while the Dow Jones Industrial Average gained 0.4%. These data indicate some optimism among investors, despite global uncertainties.
10-year Treasury yields fell by three basis points to 4.18%, while the euro/dollar exchange rate was almost unchanged at 1.083.
Company performance and influencing factors
Among companies, Tesla continues to gain ground, with an increase of 1% after an impressive 21.9% in the previous session. On the contrary, Apple showed an unmoved performance, influenced by KeyBanc’s downgrade to underweight. Investors are closely monitoring the quarterly reports and preparing for the November 5 elections, along with key labor market data scheduled for next Friday, which could influence the Fed’s future decisions
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Economic Outlook and Recent Data
Recently, durable goods orders showed a decrease of 0.8% in September, compared to the -1% expected. This figure is significant for understanding the trend in demand in the manufacturing sector. In addition, Germany’s economic outlook improved in October, according to the Ifo Institute’s index of business expectations. However, both the consumer confidence index and the composite business confidence indicator are decreasing, suggesting some caution among economic operators
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In Europe and at Piazza Affari, the start was slow, but there is an increase for Eni after the results of the third quarter, with Saipem showing signs of recovery. These developments highlight the importance of monitoring business performance and economic data to anticipate future trends
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