ASIA:
Vacation spending throughout China’s Golden Week fell to a seven-year low as broad Covid restrictions discouraged folks from touring or spending, whereas a darker financial outlook continued to dent shopper confidence. Spending by vacationers for the week-long vacation that started Oct. 1 fell 26% year-on-year to 287.2 billion yuan ($40.4 billion), based on knowledge from the Ministry of Tradition and Tourism on Friday. That’s the bottom determine since 2014 and fewer than half the pre-pandemic degree in 2019, based on authorities statistics from earlier years.
The foremost Asian inventory markets had a adverse day as we speak:
- NIKKEI 225 closed
- Shanghai decreased 50.25 factors or -1.66% to 2,974.15
- Hold Seng decreased 523.39 factors or -2.95% to 17,216.66
- Kospi closed
- ASX 200 decreased 95.00 factors or -1.40% to six,667.80
- SENSEX decreased 200.18 factors or -0.34% to 57,991.11
- Nifty50 decreased 73.65 factors or -0.43% to 17,241.00
The foremost Asian foreign money markets had a combined day as we speak:
- AUDUSD decreased 0.00820 or -1.29% to 0.62841
- NZDUSD decreased 0.00599 or -1.07% to 0.55511
- USDJPY elevated 0.373 or 0.26% to 145.744
- USDCNY elevated 0.0351 or 0.49% to 7.16490
Treasured Metals:
- Gold decreased 26.79 USD/t oz. or -1.58% to 1,667.73
- Silver decreased 0.523 USD/t. ouncesor -2.60% to 19.587
Some financial information from final night time:
Australia：
AIG Companies Index (Sep) decreased from 53.3 to 48.0
EUROPE/EMEA:
UK authorities borrowing prices have risen to the very best ranges because the monetary market chaos triggered by Kwasi Kwarteng’s mini finances in September, regardless of renewed efforts by the Financial institution of England to easy over the turmoil. The yield – or rate of interest – on 10-year UK authorities bonds rose above 4.5% in afternoon buying and selling on Monday, returning to the degrees final seen two weeks in the past, earlier than the central financial institution intervened after the chancellor’s poorly acquired tax and spending assertion.
The foremost Europe inventory markets had a adverse day:
- CAC 40 decreased 26.39 factors or -0.45% to five,840.55
- FTSE 100 decreased 31.78 factors or -0.45% to six,959.31
- DAX 30 decreased 0.06 factors or -0.00% to 12,272.94
The foremost Europe foreign money markets had a combined day as we speak:
- EURUSD decreased 0.00471 or -0.48% to 0.96926
- GBPUSD decreased 0.00687 or -0.62% to 1.10274
- USDCHF elevated 0.00627 or 0.63% to 1.00047
Some financial information from Europe as we speak:
Euro Zone:
Sentix Investor Confidence (Oct) decreased from -31.8 to -38.3
US/AMERICAS:
JPMorgan Chase CEO Jamie Dimon is pessimistic concerning the US economic system, regardless of it at the moment “really nonetheless doing properly.” Dimon informed CNBC that he believes the worldwide economic system will slip right into a recession by the center of 2023. Dimon believes the American shopper will probably be higher off than throughout the 2008 disaster. Nonetheless, Dimon pointed to inflation, ending QE applications, and rising charges. He famous that Europe is already in a recession, and he expects the US to observe in six to 9 months. The CEO additionally criticized the US central financial institution for ready too lengthy and doing too little amid rising inflation. He additionally personally believes US indexes are in bother and believes the S&P 500 might plummet one other 20%. “JPMorgan is bracing ourselves and we’re going to be very conservative with our steadiness sheet,” Dimon mentioned.
US Market Closings:
- Dow declined 93.85 factors or -0.32% to 29,202.94
- S&P 500 declined 27.22 factors or -0.75% to three,612.44
- Nasdaq declined 110.3 factors or -1.04% to 10,542.1
- Russell 2000 declined 10.23 factors or -0.6% to 1,691.92
Canada Market Closings:
- TSX Composite declined 395.88 factors or -2.09% to 18,583.13
- TSX 60 declined 22.09 factors or -1.93% to 1,122.55
Brazil Market Closing:
- Bovespa declined 434.61 factors or -0.37% to 115,940.64
ENERGY:
The oil markets had a combined day as we speak:
- Crude Oil decreased 0.626 USD/BBL or -0.68% to 92.014
- Brent decreased 0.677 USD/BBL or -0.69% to 97.243
- Pure fuel decreased 0.2229 USD/MMBtu or -3.30% to six.5251
- Gasoline decreased 0.0696 USD/GAL or -2.55% to 2.6650
- Heating oil elevated 0.0084 USD/GAL or 0.21% to 4.0271
The above knowledge was collected round 13:05 EST on Monday
- Prime commodity gainers: Wheat (6.58%), Cotton (2.87%), Oat (2.76%) and Corn (1.71%)
- Prime commodity losers: Rubber (-2.01%), Pure Fuel (-3.30%), Gasoline (-2.55%) and Silver (-2.60%)
The above knowledge was collected round 13:19 EST on Monday.
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BONDS:
Japan 0.25%(+0bp), US 2’s 4.31% (+0.058%), US 10’s 3.885% (+6.1bps); US 30’s 3.84% (+0.049%), Bunds 2.351% (+15.4bp), France 2.899% (+10.3bp), Italy 4.635% (-5.4bp), Turkey 12.03% (+29p), Greece 4.914% (+10.3bp), Portugal 3.387% (+7.1bp); Spain 3.524% (+12.1bp) and UK Gilts 4.458% (+22.1bp).
