Oil prices spike as Iran launches missile attack against Israel
Oil price spikes as US warns of Iran missile strike
Oil price spikes as US warns of Iran missile strike
"By early 2025 only the most pessimistic investors will need rose-colored glasses to see a clear path to a Roaring ’20s outcome," a UBS analyst says.
Stocks in the US were lower as traders look to fresh jobs data later in the week.
The British pound is a surprise market winner for 2024, says Heard's Jon Sindreu. Thank high interest rates, political stability and a flow of foreign money looking for bargains. Get the full story: The Surprise Market Winner of 2024The pound was mocked as the “Great British Peso” not long ago.
Despite inflation heading below the ECB's target rate of 2% in September, core inflation — which strips out more volatile measures — still came in at 2.7%.
According to BlockBeats, the United States reported 8.04 million job openings for August, surpassing the anticipated 7.655 million. The previous figure was revised from 7.673 million to 7.711 million.
According to BlockBeats, the final reading of the U.S. September S&P Global Manufacturing PMI came in at 47.3, slightly above the expected 47 but below the previous value of 47. This marks the lowest level since June 2023.
According to BlockBeats, on October 1, market data indicated that the three major U.S. stock indices continued their downward trend. The Dow Jones Industrial Average fell by 0.62%, the S&P 500 Index dropped by 0.7%, and the Nasdaq Composite Index saw a more significant decline, expanding to 1%.In addition to the stock market movements, the U.S. Dollar Index (DXY) experienced a short-term rise of nearly 20 points, currently standing at 101.20.
A significant shift in the trading relationship between stocks and bonds is under way. Similar situations in the past have boosted returns for investors who owned both, according to an analysis from Verdad.
Oil prices spiked on Tuesday after Iran fired over 100 ballistic missiles against Israel, pushing prices to the highest level in nearly one year.