Nov 01

Global Market/Finance News: It might become a crazy up day : 5 things to start your day

Global Market/Finance News: It might become a crazy up day : 5 things to start your day

I see symptoms that USA and Europe market will go much up today as TSX opens…
Forward Guidance
It’s Fed decision day, terror attack in New York, and tax bill hit by delay.

Decision day

USA to keep interest rates unchanged.

tomorrow head of the bank will be declared

New York attack

"Eight people were killed and several more seriously wounded after a suspected terrorist drove a truck down a bicycle path near the World Trade Centre in Manhattan yesterday. "

Tax bill

tax legislation is already coming under pressure

With the big reveal now due tomorrow, there will be 10 days to rewrite the U.S. tax code.

writing details of the plan may not be going smoothly

Markets rise

Overnight, the MSCI Asia Pacific Index gained 1 percent

Japan’s Topix index closed 1.2 percent higher

In Europe, the Stoxx 600 Index was 0.6 percent higher

S&P 500 futures were 0.3 percent higher,

the 10-year Treasury yield was at 2.390 percent

and gold was higher ahead of the Fed decision.

Commodities rally

nickel climb by the daily limit in Shanghai, adding to yesterday’s 5.3 percent rally.

Copper also rose, with prices climbing 2 percent.

Crude is having a good session, West Texas Intermediate trading at $55.01 by 5:50 a.m.

bitcoin continued its rally, trading over $6,550.

Here’s what you should read today

And finally, here’s what Joe’s interested in this morning

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We’re going to have to wait an extra day to get details of the House tax bill.

Sayed Ahmed

Linkedin: https://ca.linkedin.com/in/sayedjustetc

Blog: http://sitestree.com, http://bangla.salearningschool.com