Welcome to Extreme Investor Network, where we provide you with the latest insights and analysis into the Stock Market, trading, and Wall Street. Today, we bring you valuable information on the current state of the US Equity Market and what to expect in the near future.
A softer labor market has the potential to ease wage growth, which could dampen consumer spending and inflationary pressures. This has led to increased speculation on a 25-basis point December Fed rate cut, with the chances jumping from 71.1% to 82.7% in just one day. As a result, demand for riskier assets has surged in anticipation of this potential rate cut.
In the US Equity Market, we saw solid gains on Friday, November 1, with the Nasdaq Composite Index and the Dow advancing by 0.69% and 0.80%, respectively, while the S&P 500 gained 0.41%. Notably, Atlassian Corp. (TEAM) surged by 18.99% on better-than-expected earnings, contributing to the Nasdaq’s gains.
Looking ahead, the focus will be on US factory orders after the US Jobs Report. Economists are forecasting a decline of 0.4% in September, which could impact expectations for a December Fed rate cut. However, unexpected increases in orders could change this outlook and affect market sentiment.
In the near term, DAX trends will be influenced by private sector PMIs, the US Presidential Election, and the Fed’s interest rate decision. Investors should be aware of potential impacts on the DAX, especially with regards to Trump’s tariffs and demand for Euro area goods and services.
Technical indicators suggest that the DAX remains above key EMAs, confirming bullish price trends. However, a drop below these levels could shift sentiment to bearish. Additionally, investors should pay attention to economic indicators, election polls, and central bank chatter as they could impact market sentiment and direction.
As we head into the new week, stay informed with our latest news and analysis to effectively manage your risks and make informed investment decisions. With futures indicating a positive start to the Monday session, it’s crucial to remain alert and proactive in navigating the ever-changing landscape of the Stock Market.
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