? 30 Second Market Brief (30 Sep 2024)
Sean Cohen's 30 Second Market Brief

? 30 Second Market Brief (30 Sep 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9月30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

  • China announces major policy shifts, stocks surge.
  • US inflation (core PCE) nears Fed target, inflation cools.
  • Dow and S&P reach new highs, tech stocks rally.
  • Eurozone business activity contracts, raises odds of rate cuts.
  • Japanese Yen weakens, Nikkei rises.

  • Positive:?Dow Jones (+0.59%), S&P 500 (+0.62%), Nasdaq (+0.95%), Euro Stoxx 50 (+4.02%), FTSE 100 (+1.10%), Nikkei 225 (+7.20%), Hang Seng (+12.90%), Shanghai Composite (+12.81%).
  • Negative: N/A.

South African Update

South African Market News Summary

  • Producer inflation falls, lowest since July '23.
  • Foreign investment surges post-election.
  • Eskom seeks 36% rate hike?for 2026.
  • JSE ALSI up +4.47%, optimism from China influences.
  • Rand strengthens to R17.10/$

Week Ahead

The Week Ahead

  • Fed Chair Powell speaks?on economic outlook (Mon).
  • Eurozone Sept inflation data?expected (Tues).
  • Q4 begins?amid market volatility (Tues).
  • US jobs report?to indicate economic health (Fri).
  • Fed officials' speeches?(Throughout the 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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Ato Chandler

Finance Enthusiast @ Quilter Financial Advisors

1 个月

To me looks like US manufcturing data and payrolls are likely to steer the market that is unless Iran shakes things up first. Low jobless claims simply tell us that layoffs havent been significant and there hasnt been any major weaather event like a hurricane to impact the data yet though thats about to change. This will like support the job numbers. Companies probably havent been doing much hiring either so we're looking at a cap on those figures. The key factors to watch will be wages and unemployment. With strong consumer sentiment and ongoing strikes, wages show strength and unemployment is harder to predict especially considering the impact of illegal immigrants on the surveys. Overall, given the the political and geopolitical risks it seems unlikely equities will go anywhere this week.

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Michael Kakuru

I Ghostwrite educational email sequences for Financial Planners (Courses & Newsletters) to attract high quality leads. | Senior Paraplanner

1 个月

The policy shift from China is a massive one. It will shore up the stock market valuations. But will it give confidence to international investors?

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Anthony Walsh, QFA, EFA

Author & Financial Independence Coach- Financial Education for Expats

1 个月

Japanese yen rises, Nikkei falls Nikkei rises, Yen falls We just can't catch a break ?? But our position is pretty stable as offshore investors though!

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Emanuel Balsa

Craft your ideal life with clarity ? Here to write daily insights on building a career, your finances, and successful living

1 个月

Staying informed without overwhelm is a strategic advantage. Consistency beats noise in the long run, no question about it.

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William Gray ACSI

Expat Financial Planner in Vietnam | Get on Track & Stay on Track | Book a 15-Minute No-Obligation Appointment Below ??

1 个月

It's telling me it takes 1 minute to read Sean - outrageous ??

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