? 30 Second Market Brief (21 Oct 2024)

? 30 Second Market Brief (21 Oct 2024)

Sean Cohen Sean Cohen

Sean Cohen

Offshore Investment Advisor for South Africans | Tax-Efficient Structuring | Author of the 30 Second Market Brief | Protecting South Africans' Financial Futures

发布日期: 2024年10月21日
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Stay informed without the time commitment.

Here's this week's 30-Second Summary.

Let's dive in.

International Update

Global Market News Summary

  • US earnings rise 2.8%, slows from Q2.
  • US Retail Sales exceed forecasts.
  • US low jobless claims signal robust labour market.
  • Hurricane Milton?devastates Florida, thousands displaced.
  • UK Inflation falls below 2% target.
  • AS such, markets expect faster UK rate cuts.
  • Eurozone cut interest rates as inflation falls to 1.74%.
  • China aim to boost economy before year-end.

  • Positive:?Dow Jones (+0.96%), S&P 500 (+0.85%), Nasdaq (+0.80%), FTSE 100 (+1.27%), Shanghai Composite (+1.36%).
  • Negative: Euro Stoxx 50 (-0.35%), Nikkei 225 (-1.58%), Hang Seng (-2.25%).

South African Update

South African Market News Summary

  • SA key economic figure, Tito Mboweni, passes away.
  • BHP may rebid for Anglo American; shares climb.
  • SARB consider lowering inflation target band.
  • JSE ALSI rises (+1.22%), Resources perform.
  • Rand weakens to US dollar (R17.59/$).

Week Ahead

The Week Ahead

  • Putin to host BRICS summit (Tues).
  • US Housing Data (Wed).
  • IMF and World Bank meeting (Mon).
  • Earnings results continue (Throughout Week).

And that's it. You're all caught up for the week.

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Sean ??

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The 30 Second Market Brief ?? The 30 Second Market Brief ??

The 30 Second Market Brief ??

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Emanuel Balsa

I educate 10,000+ people CRUSH confusion by turning complex ideas into simple wins ?? Change your behaviors, finances and career ?? 13 years of research

1 个月

Great approach! Prioritizing time on essentials makes all the difference. Making every second count now will set the stage for a strong start to 2025.

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Peter Button. Llb MSC DipFA PTS PIP

Plan your financial future better than your family holiday ? I drive results through data-driven financial planning ? Fee based advisor ? EU and UK qualified and regulated ?

1 个月

10 weeks - that is scary Sean. Time for a big push to end the year on a high.

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