In the old continent, the Euro Stoxx rises 1.21% and is close to its historical maximum, reached on October 8, driven by the actions of French companies Kering, BBVA and Safran. At the local level, the German DAX increases 1.69% and the French CAC increases 0.33%. Outside the eurozone, the UK FTSE rises 0.54%.
In Asia, the Hang Seng of Hong Kong jumped 2.42%, while the Shanghai stock market increased 0.63%, after it was known that Chinese activity grew 1.1% year-on-year in the third quarter, above estimates, just like industrial productionwhich rose 6.5% year-on-year.
These are two data that show the resilience of the Chinese economy, in the context of the bilateral meeting between Xi Jinping and Donald Trump on October 31.
Accordingly, the Nikkei 225 Japanese rose 3.47%, reaching a new historical record. The driving force behind this bullish rally was the announcement that the Liberal Democratic Party reached an agreement with the Japan Innovation Party to form a coalition government, bringing the possibility that Sanae Takaichi, known for its expansionary fiscal policy and in favor of low ratesbecomes the prime minister of the country of the rising sun.
Wall Street at the start of the week
In this context, the index that groups the most important companies in the new york stock exchange he S&P 500, rises 0.92%, while the Nasdaq Composite, dedicated to the technology sector, increases 1.20%. For its part, the industrial index Dow Jones moves 0.80% up.
The stocks with the biggest increases are Super Micro Computer (+1.3%), ON Semiconductor (+1.3%) and modern (+0.9%). On the opposite side, those listed in red include Oracle (-3.43%), Jabil Circuit (-3.34%) and progressive (-2.1%). In turn, those that register greatest volume in its operations are Nvidia, Intel and Tesla.
In this sense, and facing the last part of the year, the main Wall Street indices indicate a 2025 with general increases. In the last six months, the Nasdaq rises 39.26%, the S&P 500 follows with +26.15% and the Dow Jones follows with +18.1%.
Investors will focus their attention on a wave of quarterly reports this week, including Lockheed Martin, Coca-Cola, Philip Morris International, Netflix, Tesla and Intel.
At the same time, expectations are increasing for the Federal Reserve (Fed) meeting between October 28 and 29. There, it is expected to lower interest rates by 25 basis points, the same as in September. In fact, according to CME’s FedWatch, the market gives almost a 100% probability that the Fed will reduce rates at the October and December meetings.
In this regard, This week the inflation data for September in the US should be knownwhich will give more references to the Fed at a difficult time for the central bank due to the absence of data due to the closure of the Trump government for the third consecutive week.
Source: Ambito
I am a 24-year-old writer and journalist who has been working in the news industry for the past two years. I write primarily about market news, so if you’re looking for insights into what’s going on in the stock market or economic indicators, you’ve come to the right place. I also dabble in writing articles on lifestyle trends and pop culture news.
