Oct 30

Global Financial Market News : 5 things to start your day

Global Financial Market News : 5 things to start your day
Forward Guidance
It’s the beginning of a huge week for markets, as a potentially big moment looms in the Russia investigation.

Somebody special

U.S. President Donald Trump to choose for Fed chair on Friday with a video teaser. The president is leaning toward appointing Federal Reserve Governor Jerome Powell.

Earnings

HSBC Holdings Plc reported a third-consecutive quarterly increase in revenue on Monday, driven by profits from Asia

Nomura Holdings Inc.’s profit fell for the first time in three quarters

more tech earnings in this week: Facebook Inc. due Wednesday, followed by Apple Inc. and Alibaba Group Holding Ltd. on Thursday.

Barcelona protests

Catalonia continues to grab attention. The first stage of the takeover of the regional administration passed off smoothly on Saturday

Markets

The MSCI Asia Pacific Index advanced 0.3 percent overnight

while Japan’s Topix index and the yen were little changed.

In Europe, the Stoxx 600 Index was unchanged at 5:50 a.m. Eastern Time

S&P 500 futures were 0.2 percent lower

the 10-year Treasury yield was at 2.399 percent,

and gold was down 0.2 percent.

Coming up…

this is shaping up to be a big week for markets.

U.S. central bankers are preparing to meet on Wednesday for a rate decision

unveil a sweeping tax bill to remake the U.S. economy,

The Treasury will unveil plans to issue more debt to make up for lost funding from the Fed.

jobs market and inflation data still due

Here’s what you should read today

Sayed Ahmed
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