\ud83d\udcc9 U.S. Markets Recap
The U.S. indices wrapped up yesterday on a slightly lower note: the S&P 500 and Nasdaq 100 both slid around 0.4%, as election jitters weigh on the markets. With only 24 hours to go, Donald Trump\u2019s lead has increased again to 55% vs. 44% on Kalshi\u2019s prediction market.<\/p>\n
\ud83d\udcb5 Currencies
The dollar is trading steadily today. Eurodollar sits at 1.087, while USDJPY edges up by 0.15%. U.S. 10-year bond yields remain around\u00a02.9%.<\/p>\n
\ud83d\udcc8 Asia-Pacific Markets
Asian markets showed a positive mood overnight:<\/p>\n
Japan\u2019s Nikkei surged nearly 1.4%.
Hong Kong\u2019s Hang Seng Index is up almost 1.5%.
China indices (HK.cash & CHN.cash) are gaining over 2% as investors welcome better services data from China \ud83c\udde8\ud83c\uddf3.
\ud83c\udde8\ud83c\uddf3 China Data
China\u2019s Caixin Services PMI came in at 52 (forecast was 50.5), while Hong Kong\u2019s S&P PMI hit 52.5 (vs 50 in September), both exceeding market expectations \ud83d\udcca.<\/p>\n
\ud83c\udde6\ud83c\uddfa Australia & Singapore Updates<\/p>\n
Australia: The RBA held rates at 4.35%, as expected.
Singapore: October retail sales rose 2% (1.8% expected), with m\/m growth of 0.4%.
\ud83c\uddea\ud83c\uddfa Europe
European futures indicate modest gains of 0.2%-0.3% following Asia\u2019s success. Swiss unemployment held steady at 2.6% for\u00a0October.<\/p>\n
\ud83d\udcca Company\u00a0News<\/p>\n
Hugo Boss: Q3 results edged out expectations, with a 1% increase in currency-adjusted group sales. EBIT at \u20ac95 million, just ahead of forecasts.
Axios: U.S. and Saudi Arabia discuss a regional security pact, though it won\u2019t extend to Israel.
WSJ: New export restrictions impact chipmakers like Applied Materials, forcing them to disengage from Chinese suppliers.
\ud83c\udf3e Commodities & Crypto
Agricultural markets remain calm, while oil is slightly down after recent gains spurred by Middle East tensions. Meanwhile, bitcoin is hovering near $69,000, up over 1% today\u00a0\ud83d\udcc8\ud83d\udcb0.<\/p>\n
\ud83c\udf05 Morning Wrap\u200a\u2014\u200a5 November 2024 \ud83c\udf05<\/a> was originally published in Coinmonks<\/a> on Medium, where people are continuing the conversation by highlighting and responding to this story.<\/p>","protected":false},"excerpt":{"rendered":" \ud83c\udf05 Morning Wrap\u200a\u2014\u200a5 November 2024\u00a0\ud83c\udf05 \ud83d\udcc9 U.S. Markets RecapThe U.S. indices wrapped up yesterday on a slightly lower note: the S&P 500 and Nasdaq 100 both slid around 0.4%, as election jitters weigh on the markets. With only 24 hours to go, Donald Trump\u2019s lead has increased again to 55% vs. 44% on Kalshi\u2019s prediction […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-17989","post","type-post","status-publish","format-standard","hentry","category-interesting"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/17989"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=17989"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/17989\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=17989"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=17989"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=17989"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}