Welcome to our daily market update. If you have any questions or would like anything further explained, please don’t hesitate to reach out to your account manager or email info@cafx.com
Forex Market
General Market
- Dow Jones -0.4% | 47,943
- S&P 500 -1.0% | 6,732
- Nasdaq -1.5% | 22,772
- VIX +6.1% | 17.49
- Nikkei +0.3% | 49,512
- Shanghai Composite +1.2% | 3,870
- ASX 200 -0.2% | 8,585
- FTSE 100 +0.9% | 9,774
- DAX -0.5% | 23,961
- CAC 40 -0.2% | 8,086
Headlines to Watch
- Strong Q3 GDP expected, reinforcing expectations for an accelerating recovery and keeping two RBNZ rate hikes priced in for next year.
- ECB widely expected to hold rates at 2%, with focus on revised growth and inflation forecasts during Lagarde’s press conference.
- BOE decision finely balanced; while markets price a high chance of a 25bp cut, the vote may be close with Governor Bailey pivotal.
- CPI data remains key for rate expectations as equities struggle and yields remain elevated.
Mid-market rates
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