🗞️ U.S. Post Market Overview

Type	Session	Pct	Points	Last	Previous	Trend
🇺🇸 Dow 30	Fri	-0.51%	-245.96	48,458.05	48,704.01
🇺🇸 Nasdaq	Fri	-1.69%	-398.69	23,195.17	23,593.86
🇺🇸 S&P 500	Fri	-1.07%	-73.59	6,827.41	6,901.00
🇺🇸 Russell 2000	Fri	-1.51%	-39.15	2,551.46	2,590.61
🪙Gold	Fri	0.39%	16.8	4,329.80	4,313.00
🪨 Silver	Fri	-3.88%	-2.51	62.09	64.59
🛢️Crude Oil	Fri	-0.12%	-0.07	57.53	57.60
🇺🇸 10-Yr Treasury Note	Fri	1.28%	0.05	4.19	4.14
₿ Bitcoin	Fri	-2.28%		90,410.11	92,522.48

From the US

During the Friday trading session, U.S. stocks experienced notable declines across major indices. The Nasdaq saw a significant drop, falling by 398.69 points or 1.69%, closing the day at 23,195.17. The Dow Jones Industrial Average also ended lower, losing 245.96 points or 0.51% to settle at 48,458.05. Similarly, the S&P 500 decreased by 73.59 points, marking a 1.07% decline to finish at 6,827.41. The absence of substantial economic news left investors cautious, contributing to the downward trend in the stock markets.

Market participants are focused on upcoming data releases to gauge future economic conditions. While the start of the week lacks significant economic reports, attention is turning towards the New York Empire State Manufacturing Index. There is an anticipation of a lower forecast compared to previous data, which could influence market sentiment further.

Key economic events over the past week were centered around interest rate projections. Interest rates seem to be stable with forecasts remaining unchanged across multiple time frames, except for a recent policy decision where the Federal Reserve reduced the federal funds rate to 3.75% from the previous 4%. The Employment Cost Index (ECI) showed a slight decrease, and the Job Openings and Labor Turnover Survey (JOLTS) report indicated an increase in job openings in October. These factors contribute to the ongoing assessment of economic health and policy impacts.

In the stock market, specific stocks showed conspicuous performances. Clear Secure Inc. emerged as a top gainer, with its share price surging by 13.29%, closing at 41.08. Rivian Automotive Inc. also saw a substantial rise, adding 12.11% to reach 18.42. Conversely, Fermi Inc. experienced a significant decline, with its stock erasing 33.84% to close at 10.09, and Modine Manufacturing Company also faced a notable drop by 15.32%, ending at 139.88. NVIDIA Corporation and Rivian Automotive Inc. were the most actively traded stocks, reflecting investor focus and trading volumes in these securities.

Looking ahead, the markets are likely to remain volatile as investors await additional economic data for clues on future trends. The upcoming release of the New York Empire State Manufacturing Index could provide insights into manufacturing sector performance and potentially influence market directions. Stability in interest rate forecasts is expected to continue offering mixed signals to the markets, and further developments regarding employment and cost indices will also be closely monitored. The overarching sentiment may stay cautious, given the current economic outlook and geopolitical developments that sway investor confidence and decision-making.

Wall Street Top Gainers, Losers and Active Stocks

Top two gainers in the last trading session include Clear Secure Inc (YOU) as the stock surged 13.29% to 41.08 while Rivian Automotive Inc (RIVN) added 12.11% to 18.42.

Losers include Fermi Inc. Common Stock (FRMI), erasing -33.84% from its share price to 10.09 and Modine Manufacturing Company (MOD) dropped -15.32% to 139.88.

Elsewhere, most active counters were NVIDIA Corporation (NVDA), Rivian Automotive Inc (RIVN) .

🌏 Asia Markets

Type	Session	Pct	Points	Last	Previous	Trend
🇦🇺 ASX All Ordinaries	Fri	1.19%	105.80	8,983.30	8,877.50
🇦🇺 S&P/ASX 200	Fri	1.23%	105.3	8,697.30	8,592.00
🇭🇰 Hang Seng	Fri	1.75%	446.28	25,976.79	25,530.51
🇲🇾 FTSE Bursa Malaysia	Fri	1.66%	26.81	1,637.81	1,611.00
🇳🇿 NZX 50	Fri	0.08%	11.04	13,406.91	13,395.87
🇯🇵 Nikkei 225	Fri	1.37%	687.73	50,836.55	50,148.82
🇵🇭 PSE Index	Fri	0.39%	23.36	6,013.36	5,990.00
🇸🇬 Straits Times Index	Fri	1.45%	65.62	4,586.45	4,520.83
🇮🇳 NIFTY 50	Wed	0.16%	30.8	19,814.20	19,783.40
🇨🇳 SSE Composite	Fri	-0.29%	-11.15	3,889.35	3,900.50

🌏 From Asia and Europe

The financial markets experienced mixed performances over the recent week. In Japan, the Nikkei 225 index closed up by 1.37%, reaching 50,836.55. This increase represents a positive shift in the Japanese market, suggesting investor optimism and potential growth. Meanwhile, European markets showed a downturn, with Germany’s DAX falling by 0.45% and the UK’s FTSE 100 dropping by 0.56%. This decline reflects the ongoing uncertainties in the European markets despite stable macroeconomic indicators such as Germany’s Harmonized Index of Consumer Prices holding steady. In Australia, despite the stable unemployment rate and an unchanged cash rate by the RBA, labor market figures showed a slight downturn with a decrease in full-time employment. Chinese trade data indicates a robust performance with an increase in both exports and imports, contributing positively to the global trade balance. Conversely, economic signals from the UK showed a mixed bag, with industrial production increasing yet retail sales dropping.

Looking ahead, the outlook for the financial markets suggests a cautious optimism. In Japan, the positive movement in the Nikkei 225 may continue if global economic conditions stabilize and domestic economic policies remain supportive. However, in Europe, the uncertainties around inflation and economic growth may continue to weigh on market performance, potentially leading to further volatility in indices like the DAX and FTSE 100. The steadiness in Australia’s interest rate and unemployment reflects a cautious economic approach, likely to maintain equilibrium in its financial markets. In China, the growth in trade metrics indicates a potential strength in economic recovery, although this may be tempered by global market challenges. In the UK, mixed economic indicators suggest a careful watch on industrial and retail performances, which could influence future market directions. Overall, the financial markets appear positioned for careful advancement, contingent on global economic developments and regional policy decisions.

🇪🇺 Europe and UK 🇬🇧

Type	Session	Pct	Points	Last	Previous	Trend
🇬🇧 FTSE 100	Fri	-0.56%	-54.13	9,649.03	9,703.16
🇬🇧 FTSE 250	Fri	0.11%	24.45	21,876.55	21,852.10
🇬🇧 AIM	Fri	0.49%	3.7	751.36	747.66
🇫🇷 CAC 40	Fri	-0.21%	-17.14	8,068.62	8,085.76
🇩🇪 DAX	Fri	-0.45%	-108.12	24,186.49	24,294.61
🇩🇪 MDAX	Fri	0.13%	39.11	29,959.19	29,920.08
🇩🇪 TecDAX	Fri	-0.28%	-10.01	3,552.44	3,562.45
🇩🇪 SDAX	Fri	-0.02%	-3.9	16,863.34	16,867.24
🇨🇭 Euro Stoxx 50	Fri	-0.58%	-33.25	5,720.71	5,753.96

💵 Forex Markets

Performance after Tuesday
Symbol	Day	Week	Month	Last	Momentum
🇪🇺 🇺🇸 EURUSD	-0.09%	-0.15%	0.26%	1.16250
🇬🇧 🇺🇸 GBPUSD	-0.16%	-0.25%	0.45%	1.32960
🇺🇸 🇯🇵 USDJPY	0.6%	0.98%	0.45%	156.86
🇺🇸 🇨🇦 USDCAD	-0.06%	0.22%	-0.91%	1.38460
🇦🇺 🇺🇸 AUDUSD	0.27%	0.05%	1.42%	0.66400
🇳🇿 🇺🇸 NZDUSD	0.09%	0.12%	0.8%	0.57800
🇺🇸 🇨🇭 USDCHF	-0.05%	0.21%	0.3%	0.80610

🌐 In Other Markets

🪙Gold is up by 0.39% (16.8 USD an ounce) to 4,329.80 USD an ounce as on Fri. Previous day close was 4,313.00.

🪨 Silver is down by -3.88% (-2.51 USD an ounce) to 62.09 USD an ounce as on Fri. Previous day close was 64.59.

🛢️Crude Oil is down by -0.12% (-0.07 USD per barrel) to 57.53 USD per barrel as on Fri. Previous day close was 57.60.

On Fri, 🇺🇸 10-Yr Treasury Note ended the day trading session up by 1.28% (0.05 basis points) higher to 4.19. Previous day close was 4.14.

₿ Bitcoin is down by -2.28% (-2,112.37 USD) to 90,410.11 USD as on Fri. Previous day close was 92,522.48.

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