SoftBank Group logs almost $50 billion in weekly losses as investors sour on AI plays
Shares of Japan’s SoftBank Group plunged, following a broader slump in AI-related stocks as investors once again grew wary of the sector’s lofty valuations.
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NY Fed survey finds less worry about inflation and more about jobs
This is dovish on the margin:
- one-year expected inflation to 3.2% vs 3.4% prior
- Three year inflation unchanged at 3.0%
- Five year inflation unchanged at 5.0%
- Households’ labor market outlook was mostly negative
- Perception of current financial situation worsened
- Expectation of future financial situation declined
The market remains in a poor mood with the S&P 500 down 1.0%
This article was written by Adam Button at investinglive.com.
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NY Fed survey finds less worry about inflation and more about jobs
This is dovish on the margin:
- one-year expected inflation to 3.2% vs 3.4% prior
- Three year inflation unchanged at 3.0%
- Five year inflation unchanged at 5.0%
- Households’ labor market outlook was mostly negative
- Perception of current financial situation worsened
- Expectation of future financial situation declined
The market remains in a poor mood with the S&P 500 down 1.0%
This article was written by Adam Button at investinglive.com.
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BOE’s Pill says not to overinterpret removal of the word ‘careful’
Asked about the removal of the world ‘careful’ from the BOE’s language saying ‘careful and gradual’, he says it shouldn’t be overinterpreted.
The market is still off-balance on what’s coming next fro the Bank of England with pricing at 58% for a cut (though rising to 100% for February).
More comments:
- I would emphasize continuity of BOE policy, not modest changes in language
This article was written by Adam Button at investinglive.com.
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BOE’s Pill says not to overinterpret removal of the word ‘careful’
Asked about the removal of the world ‘careful’ from the BOE’s language saying ‘careful and gradual’, he says it shouldn’t be overinterpreted.
The market is still off-balance on what’s coming next fro the Bank of England with pricing at 58% for a cut (though rising to 100% for February).
More comments:
- I would emphasize continuity of BOE policy, not modest changes in language
This article was written by Adam Button at investinglive.com.
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GBP/USD hovers around 1.3150 as US shutdown dampens households’ sentiment
GBP/USD clings to minimal gains on Friday amid the lack of economic data releases in the UK, as markets digest scarce economic data amid the ongoing US government shutdown. The pair trades at 1.3148, up 0.10% after hitting a daily low of 1.3095. -
$1.7 trillion-dollar ETF giant State Street says 401(k) market about to face new low-cost challenger
State Street SPDR ETFs are coming to 401(k) market in new low-cost, economies of scale challenge to the mutual fund status quo that dominates retirement plans. -
Consumer sentiment nears lowest level ever as worries build over shutdown
A University of Michigan sentiment survey showed a decline of 6.2% on the month and about 30% from a year ago. -
Consumer sentiment nears lowest level ever as worries build over shutdown
A University of Michigan sentiment survey showed a decline of 6.2% on the month and about 30% from a year ago. -
Weekly Focus – Rising US Job Cuts Add Uncertainty to Markets
While the US government is still in shutdown, we are not getting much official data. This puts more focus on private releases and this week we got mixed data for the US labour market. The ADP employment number for October surprised to the upside with a gain of 42k following a drop of 29k in […]
The post Weekly Focus – Rising US Job Cuts Add Uncertainty to Markets appeared first on Action Forex.
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