US Stock Morning Market | September CPI Shows Inflation Exceeding Expectations
US stocks opened lower on Thursday, with both month-on-month and year-on-year increases in the US CPI in September exceeding expectations. The number of initial jobless claims last week hit a one-year high, leading the market to believe that these data reinforce the reasons for the Federal Reserve to cut interest rates by 25 basis points at the November meeting. Global Market Report
September CPI Data
Across the board exceeding expectations! In September, USA's CPI increased by 2.4% year-on-year, while core CPI rose by 0.3% month-on-month. Traders are betting that there is a higher possibility of the Federal Reserve cutting interest rates by 25 basis points next month. wallstreetcn
Federal Reserve Interest Rate Cut
USA's September CPI has dropped for the sixth consecutive month. Will the Federal Reserve slow down the pace of interest rate cuts in November? The CPI report exceeded expectations across the board but still showed a downward trend, with traders believing even more that the Fed will cut interest rates by 25 basis points next month. Golden10 Data
US Stock Market Update
U.S. stock market outlook shows U.S. CPI annual rate in September dropped to 2.4% but higher than expected! Short-term plunge in the three major index futures. Xpeng's stock rose nearly 3% in pre-market trading, with the new model P7+ set to begin pre-sale on October 14. There are interesting developments in the Chinese stock market. Futu News
Daily Options Recap
Apple closes up nearly 2%, with Friday's call options with the highest profit reaching 150%. SPY, QQQ put options ratio increases, now seeing tens of millions of dollars large order selling call options. Nvidia fell slightly by 0.18%, but the call ratio rose to 62.7%. There are significant movements in Nvidia options. Futu News
US Stock Market Insights
The US stock market hit a new high again! For the first time in two years, one of the biggest bears on Wall Street has changed their attitude. JPMorgan's strategist has been bearish on the US stock market, but there are indications of a shift in sentiment according to reports. Investors are advised to not be overly bearish on the market. cls.cn
Federal Reserve Meeting Minutes
The minutes of the Federal Reserve meeting 'extinguished' expectations of a significant interest rate cut, with serious internal divisions within FOMC. The future of AI and chip costs are important topics of discussion post the meeting. Futu News
Conclusion
It is important to keep an eye on the developments in the US stock market, especially in light of the Federal Reserve's decisions and economic indicators. Stay informed to make informed investment decisions.
