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S&P 500 gained 0.98%

It will takes about:

October 29, 2021

Latest updates:

– US indices finished yesterday’s trading higher. S&P 500 gained 0.98%, Dow Jones added 0.68% while Nasdaq rallied 1.39%. However, US futures dropped after close following weak earnings from Apple and Amazon
– Apple dropped 3.5% and Amazon moved 4% lower in the after-hours trading. Both companies missed revenue expectations and named supply chain issues as serious factor
– Asian equities traded mixed. Nikkei gained 0.2%, S&P/ASX 200 dropped 1.4% and Nikkei moved 0.9% lower. Indices from China gained
– DAX futures point to a lower opening of the European cash session
– Facebook will change its name to ‘Meta’ and trade under MVRS ticker starting from December 1, 2021
– Reserve Bank of Australia once again did not buy target 2024 10-year bond, allowing its yield to jump to 0.77% (target: 0.10%)
– Ford Motor decided to suspend production at its Mexico plant for another week (November 1-5) due to parts shortages
– French GDP growth reached 3.0% QoQ in Q3 2021 (exp. 2.1% QoQ)
– Australian private sector credit increased by 0.6% MoM in September (exp. 0.5% MoM)
– Bitcoin climbed back above $60,000 but struggled to maintain the move
– Precious metals and industrial metals pull back while oil advances
– AUD and USD are the best performing major currencies while NZD and CHF lag the most
– Bitcoin found support at the 23.6% retracement of a recent upward move and managed to climb back above the $60,000 mark. However, upward move slowed today.

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