Key takeaways<\/p>\n
\n\tUS indices remain steady as investors await Netflix\u2019s financial results after today\u2019s session.
\n\tGold and silver prices plunged sharply today, marking their largest single-day declines in years due to profit-taking and a stronger US dollar.
<\/p>\n
\n\tToday marks the beginning of the earnings release season for the so-called “Magnificent 7” \u2014 the largest and most influential technology companies in the USA \u2014 putting the markets in a state of anticipation. At the time of publication, the US500 and US100 indices are hovering around yesterday\u2019s closing levels.
\n\tAfter today\u2019s session, Netflix\u2019s financial results will be announced, which could further influence investor sentiment.
\n\tThe major European stock markets closed the day in positive territory: the FTSE 100 rose by about 0.25%, the CAC 40 gained approximately 0.64%, the AEX recorded a slight increase of about 0.02%, and the DAX ended the session up around 0.37%.
\n\tIn September, Canada\u2019s annual CPI inflation reached 2.4%, surpassing the forecasted 2.3% and the previous level of 1.9%, with a monthly increase of 0.1%. As a result, after the data release, the probability of an interest rate cut by the Bank of Canada in October fell from 86% to 74%.
\n\tToday, the Warsaw Stock Exchange saw a slight correction, with most major indices closing in the red.
\n\tProduction and assembly dynamics in Poland in September were slightly better than expected \u2014 increasing by 0.2% year-over-year (a decline of 2% was forecasted), suggesting some resilience in the industrial sector, although the BIEC indicator still signals deteriorating economic sentiment.
\n\tGE Aerospace published its Q3 results, significantly exceeding expectations, which boosted the company\u2019s stock prices; the firm also raised its full fiscal year forecasts despite moderate growth in orders.
\n\tFutures prices for cocoa are beginning to rise after previous declines, despite significant export restrictions from Africa and lower processing activity in Asia and Europe. Currently, contracts are priced at around 5,943 USD per ton.
\n\tGold is down more than 5% today, marking its largest single-day correction since August 2020. The drop is a result of profit-taking after earlier gains and changing market conditions such as a strengthening US dollar and easing geopolitical tensions. The price of gold has fallen below the 4,150 USD per ounce level.
\n\tSilver is also down more than 7%, dropping below 50 USD \u2014 its biggest single-day correction since April \u2014 due in part to profit-taking after a wave of FOMO (fear of missing out) among retail investors.
\n\tCryptocurrencies are gaining today, recovering losses from recent market turmoil. Bitcoin is up more than 1.5%, surpassing the 112,000 USD level. Ethereum is also up today, though more modestly, by about 1%, breaking above the 4,000 USD mark.
<\/p>\n
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr S\u0105dowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1\/2005 and is supervised by Polish Supervision Authority.<\/p>\n","protected":false},"excerpt":{"rendered":"Key takeaways US indices remain steady as investors await Netflix\u2019s financial results after today\u2019s session. Gold and…\n","protected":false},"author":2,"featured_media":84748,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[138,220,111,139,69],"class_list":["post-92751","post","type-post","status-publish","format-standard","has-post-thumbnail","category-markets","tag-business","tag-markets","tag-new-zealand","tag-newzealand","tag-nz"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/92751","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=92751"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/92751\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/84748"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=92751"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=92751"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=92751"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}