Global Market Trends (4th Oct., 2021)

November 4, 2021

MAJOR INDEXES
Market report as of 3rd Nov. 2021

NAME	LAST	CHG	%CHG
S&P 500	4,660.5700	29.92000	0.650
NASDAQ	15,811.580	161.9800	1.040
DJIA	36,157.580	104.9500	0.290
*FTSE	7,266.060*	17.17000	0.240
*NIKKEI	29,794.37*	I+273.47	0.930
*HSI	25,187.14*	162.3900	0.650
*SHANGHAI	3,526.870*	28.33000	0.810
VIX	14.950000	-0.15000	-0.99
*DAX	16,039.01*	79.03000	0.500

S&P500 MARKET MOVERS

TOP

FMC	FMC Corp	12.620%
CNC	Centene Corp	6.5760%
WY	Weyerhaeuser Co	5.8650%
CVS	CVS Health Corp	5.6940%
KR	Kroger Co	5.5280%

BOTTOM

ATVI	Activision Blizzard Inc	14.060%
CRL	Charles River Laboratories International Inc	10.219%
PAYC	Paycom Software Inc	7.3930%
GNRC	Generac Holdings Inc	6.2410%
STE	Steris plc	5.9180%

SECURITIES

BONDS

NAME	YIELD	CHG
US 10-YR	1.5820	+0.003
US 30-YR	2.0100	+0.024
US 5-YR	1.1640	-0.021
US 2-YR	0.4580	-0.020
US 3-MO	0.0560	+0.005
BUND 10-YR	-0.186	-0.019
JPN 10-YR	0.0760	-0.001
UK 10-YR	1.0550	-0.018

FUTURES & COMMODITIES

NAME	LAST	CHG	%CHG
*OIL	81.0600	+0.200	+0.25
*NAT GAS	5.68700	+0.017	+0.30
*GOLD	1,772.9	+9.000	+0.51
*SILVER	23.555	+0.324	+1.39
*WHEAT	787.00	+6.000	+0.77
*COPPER	4.3450	+0.024	+0.56

CURRENCIES

NAME	LAST	CHG	%CHG
JPY/USD	0.8760	-0.001	-0.13
USD INDEX	94.230	+0.37	+0.39
USD/JPY	114.12	+0.14	+0.12
GBP/USD	1.3630	-0.005	-0.37
EUR/USD	1.1550	-0.006	-0.52
USD/CAD	1.2400	+0.001	+0.11
AUD/USD	0.7430	-0.002	-0.23

Analyst View
U.S. stock indexes on Wednesday responded positively to the news that the Federal Reserve will begin tapering its asset purchases later this month, the indices notched to very high records. The Dow Jones Industrial Average rose 104 points, or 0.29%, while the S&P 500 index and the Nasdaq Composite index rose 0.65% and 1.04%, respectively. The gains registered by all the three monitored major averages hinges on record-high territories.

The Federal Reserve concluded a two-day meeting on Wednesday, announcing it would begin reducing the pace of its Treasury purchases by $10 million and mortgage-backed securities by $5 billion. The market expects the first rate hike to occur in July 2022. Following the Fed's decision, the yield on the 10-year note closed up 3 basis points to 1.58%

Economic data, the ADP Employment report showed private-sector payrolls added 571,000 workers in October, exceeding the 400,000 new jobs that analysts surveyed by Refinitiv were expecting. The October nonfarm payroll report is due out Friday.

Deere & Co. workers rejected a contract offer, continuing a three-week-old strike. The latest offer would’ve raised wages by 10% this year and 5% in 2023 and 2025 in addition to giving lump-sum bonuses in 2022, 2024, and 2026.

Commodities, West Texas Intermediate crude oil fell $3.05 to $80.86 a barrel and gold slid $25.10 to $1,763.60 an ounce.

European bourses trading outcome yesterday was mixed with France’s CAC 40 adding 0.34% and Germany’s DAX 30 edging up 0.03% while Britain’s FTSE 100 declined 0.36%.

Asia indexes had a declined position with China’s Shanghai Composite index slipping 0.2% and Hong Kong’s Hang Seng index lost 0.3%. Japan’s Nikkei 225 was closed for holiday.

SOURCE: CNBC
IMAGE SOURCE: PIXABAY