Fed's 'three chief officials' spoke out: advocating gradual interest rate cuts to neutrality, helping achieve a win-win situation for inflation and employment.
Williams said that the labor market has cooled down in the past year, but still remains robust, which should provide the Federal Reserve with room to gradually lower interest rates; ②"We still have a distance to go to reach our 2% target, but we are definitely moving in the right direction. The data paints a picture of an economy that has regained balance."
Futu Morning Post | Robotaxi Day is here today! Deciding tesla's fate and musk's reputation; Hong Kong stock market is closed today due to the Double Ninth Festival holiday
The unexpected strong performance of the 30-year US Treasury bond auction, with overseas demand surging to a record high; AMD released a competitive AI chip to nvidia, causing a drop in stock price; morgan stanley: The improvement in Blackwell GPU production seems quite strong.
Wall Street bond issuance frenzy is coming! Six major banks will wildly distribute $20 billion in bonds next week?
Wall Street banks are expected to launch a series of bond issuances next week to take advantage of ultra-low credit spreads and strong investor demand.
Several senior officials of the Federal Reserve are not worried about the September CPI, but some voting members are wavering and do not oppose a pause in rate cuts in November.
On Thursday, several senior officials of the Federal Reserve spoke after the release of the higher-than-expected CPI report. Most of them believe that although inflation in the usa has not yet reached 2%, they are confident that inflation is moving in the right direction and are not too concerned about the September CPI inflation report exceeding expectations.
US stocks closed | The three major indexes weakened slightly, with Micron Technology rising nearly 4% against the market; Chinese concept stocks showed divergent trends, with Trip.com up over 2% and XPeng down nearly 4%.
"Technology Seven Sisters" fell more than rose, nvidia rose 1.63%, amazon rose 0.8%, google A rose 0.22%. While apple fell 0.22%, microsoft fell 0.39%, tesla fell 3.6% before the launch of siasun robot&automation taxi and then fell 0.95%, Meta fell 1.15%.
Here's How Bond ETFs Fared as Investors Parsed New Inflation, Jobless-claims Data
IShares 20+ Year Treasury Bond ETF Options Spot-On: On October 10th, 673.91K Contracts Were Traded, With 5.28 Million Open Interest
On October 10th ET, $iShares 20+ Year Treasury Bond ETF(TLT.US)$ had active options trading, with a total trading volume of 673.91K options for the day, of which put options accounted for 53.37% of
Treasury Yields Mixed as Data Point in Different Directions -- Market Talk
US stock morning market | September CPI shows inflation exceeding expectations, with slight declines in the three major indices; growth tech stocks generally fell, tesla down nearly 3%.
US stocks opened lower on Thursday, with both month-on-month and year-on-year increases in the US CPI in September exceeding expectations. The number of initial jobless claims last week hit a one-year high, leading the market to believe that these data reinforce the reasons for the Federal Reserve to cut interest rates by 25 basis points at the November meeting.
Across the board exceeding expectations! In September, usa's CPI increased by 2.4% year-on-year, while core CPI rose by 0.3% month-on-month.
Traders are betting that there is a higher possibility of the Federal Reserve cutting interest rates by 25 basis points next month.
USA's September CPI has dropped for the sixth consecutive month, will the Federal Reserve slow down the pace of interest rate cuts in November?
The CPI report exceeded expectations across the board but still showed a downward trend, with traders believing even more that the Fed will cut interest rates by 25 basis points next month.
Will two hurricanes disrupt the Federal Reserve's interest rate cut plan?
"Heleni" and "Milton" successively land in the USA, which may lead to a decrease in the number of employed people and a decline in the GDP growth rate of the USA.
U.S. stock market outlook | U.S. CPI annual rate in September dropped to 2.4% but higher than expected! Short-term plunge in the three major index futures; highly anticipated! tesla Robotaxi is about to debut.
Xpeng's stock rose nearly 3% in pre-market trading, with the new model P7+ set to begin pre-sale on October 14; Bernstein reiterates its tactical shareholding position in the Chinese stock market.
Will the Federal Reserve cut rates in November? Tonight's usa CPI is particularly important "suddenly".
After the non-farm payroll data, CPI data needs to be even weaker than before to have a relieving effect on the market; inflation higher than expected may reverse the current narrative of the 'Goldilocks' and have a greater negative impact on the market.
Daily options recap | Apple closes up nearly 2%, Friday's call options with the highest profit reaching 150%; SPY, QQQ put options ratio increases, now tens of millions of dollars large order selling call options.
Nvidia fell slightly by 0.18%, the call ratio rose to 62.7%; In Nvidia options, the highest number of unclosed call options with a strike price of $110 expiring on December 30 this year reached 0.203 million contracts.
The most important CPI data of the year will be released tonight at 8:30 PM! Will the expectations for a rate cut cool down further?
This is the most significant inflation data before the November meeting of the Federal Reserve, and also the last CPI report before the 2024 USA presidential election.
As long as employment remains strong, it will be difficult for the Federal Reserve to implement another "50 basis points rate cut", what the U.S. Treasury fears is "no rate cut in November".
Minutes of the Fed meeting show that the dissent on the substantial rate cut in September is larger than expected. If the CPI data released on Thursday fails to show further cooling of inflation, it may weaken the possibility of the Fed cutting rates by more than 25 basis points this year.
The US stock market hit a new high again! For the first time in two years, one of the biggest bears on Wall Street has changed their attitude.
①Since October 2022, JPMorgan's strategist has been bearish on the US stock market; ②However, according to the report released by the bank's chief global equity strategist Dubravko Lakos-Bujas on Tuesday, this situation seems to be changing; ③Although he did not update the year-end target price of 4200 points for the S&P 500 index, he did suggest investors not to be so bearish on the market.
CICC: The "turning point" of the Sino-US cycle has emerged, where are the new opportunities for asset allocation?
The changes in the economic cycles of China and the USA have already given birth to the assets' "crossing point". The more certain crossing points brought by changes in the economic cycles of China and the USA are the short-term debts in the USA, the real estate chain, and the Chinese export chain, with Hong Kong stocks (especially growth) outperforming A-shares.
The 10-year US Treasury yield hit a new 10-week high during the trading day, with mixed emotions about the long-term US Treasury auction.
The US Department of the Treasury auctioned 10-year Treasury bonds with a bid yield of 4.066%, a significant increase from last month's 3.648%, and the bid-to-cover ratio was lower than the recent average. Unexpectedly strong overseas demand. Before the auction results were announced, the 10-year US Treasury yield rose to an intraday high of 4.07%, and after the results were announced, the yield remained largely unchanged.