{
}
Wholesale prices rose 0.2% in October, aligning with expectations, while the producer price index showed a 12-month inflation rate of 2.4%. Core PPI increased by 0.3%, driven mainly by a 3.6% rise in portfolio management prices, despite declines in food and energy costs. Markets anticipate another interest rate cut from the Federal Reserve in December, with a 76.1% probability indicated for this move.
The futures market indicates that the Bitcoin rally, spurred by Donald Trump's election victory, is gaining momentum. Vetle Lunde from K33 Research noted a significant shift in derivatives, with CME's basis rising from 7% to over 15%, and perpetual contracts trading at their highest premiums to the spot market since March.
Stock futures rose slightly as investors awaited election results in a tight race between former President Donald Trump and Vice President Kamala Harris. A Trump victory could boost the S&P 500 by up to 3%, while a Harris win might lead to a 1.5% drop, according to Goldman Sachs. The market also anticipates a Federal Reserve rate decision later this week, with a high probability of a quarter-point cut.
The U.S. election is heating up, with Trump and Harris in a tight race, particularly in key swing states. Investors are closely watching the Federal Reserve's upcoming meeting, where a quarter-point rate hike is anticipated, potentially impacting gold prices, which could reach $2,800 if election results are delayed.
Markets anticipate a 98% chance of a 25 basis point rate cut by the Federal Reserve at the upcoming FOMC meeting, lowering rates to the 4.50%-4.75% range. This decision is driven by easing inflation concerns and a weak labor market, with job creation at its lowest since December 2020.Looking ahead, the potential impact of the 2024 elections could shift if Donald Trump wins, as his proposed fiscal policies may reignite inflationary pressures, complicating the Fed's approach and possibly leading to lower interest rates under political pressure.
U.S. Treasury yields rose modestly as traders prepared for the presidential election, with the 10-year yield at 4.323% and the 2-year at 4.218%. The increase followed a stronger-than-expected services PMI reading of 56.0, the highest since July 2022. Investors are closely watching the election outcomes and the upcoming Federal Reserve policy meeting, where a quarter-point rate cut is anticipated.
Bitcoin's price remains below $70,000 as the US election approaches, with Trump and Harris in a tight race. Investors are optimistic about potential regulatory changes, while the upcoming Fed meeting may influence market dynamics, with a strong chance of interest rate cuts. The psychological barrier of $70,000 is crucial, as recent highs near $73,600 hint at volatility ahead.
Bitcoin traders are preparing for significant price volatility following the upcoming US Election Day. A 30-day measure of implied price swings for the cryptocurrency has reached its highest level since a market downturn in August, according to data from CF Benchmarks Ltd. This heightened uncertainty is reflected in the pricing of Bitcoin options by CME Group.
U.S. Treasury yields increased as traders assessed third-quarter GDP growth of 2.8%, below the 3.1% forecast. The 10-year yield rose to 4.27%, while the 2-year yield reached 4.16%. Key inflation data, including the PCE price index, is anticipated, with a quarter-point rate cut expected from the Federal Reserve's upcoming meeting.
U.S. Treasury yields fell as investors awaited key economic data, including the October ADP employment report and preliminary third-quarter GDP figures. The 10-year yield dropped to 4.232%, while the 2-year yield decreased to 4.094%. Traders anticipate a quarter-point rate cut from the Federal Reserve next week, following a recent 50 basis point reduction.
CME Group Inc.
Companies
| Symbol | CME |
| Name | CME Group Inc. |
| Currency | USD |
| Sector | Financials |
| IndustryGroup | Diversified Financials |
| Industry | Capital Markets |
| Market | NASDAQ Global Select |
| Country | United States |
| State | IL |
| City | Chicago |
| Zipcode | 60606 |
| Website | http://www.cmegroup.com |
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
wholesale prices rise 0.2 percent as inflation trends moderate in october
14:39 14.11.2024
futures market signals potential for bitcoin rally following trump election victory
15:23 06.11.2024
stock futures rise as traders await election results and federal rate decision
United States Dollar
The Goldman Sachs Group, Inc.
CME Group Inc.
USA
Donald Trump
Kamala Harris
Jason Trennert
Show more
00:01 06.11.2024
gold price fluctuates as us election heats up and fed meeting approaches
23:57 05.11.2024
federal reserve set to cut interest rates amid labor market concerns
17:49 05.11.2024
treasury yields rise as investors brace for pivotal us election
10:46 05.11.2024
bitcoin price struggles below 70000 ahead of pivotal us election
11:11 04.11.2024
bitcoin traders prepare for volatility ahead of us election results
08:53 04.11.2024
us treasury yields rise as traders await inflation data and economic reports
12:01 31.10.2024
treasury yields decline as investors await key economic data releases
10:50 30.10.2024
Trending
Subcategory
Industry Trends
Corporate News
Startups & Entrepreneurship
Global Trade Developments
Government Economic Policies
Supply Chain Management
Retail and Consumer Goods
Stock Market Updates
Industry Mergers & Acquisitions
Venture Capital Investments
Global Financial Events
Energy Sector Developments
Finance Mergers & Acquisitions
Central Bank Actions
Cryptocurrency & Blockchain Regulations
Emerging Startups
Inflation and Monetary Impact
Private Equity Deals
Funding Rounds & Investments
Market Analysis and Predictions
Countries:
Companies:
Apple Inc.
NVIDIA Corporation
Google Inc.
Dell Technologies Inc.
Samsung Securities Co.,Ltd.
Learning Resources Inc.
MGA Entertainment Inc.
XPeng Inc.
Toyota Motor Corp
State Street Global Advisors Luxembourg SICAV - SSGA EMU ESG Screened Equity Fund
European Union Bonds
Taiwan Semiconductor Manufacturing Company Limited
Microsoft Corporation
Verizon Communications Inc.
SLB 4,6% 01JUN25
Equinor Ventures AS
Quanta Services, Inc.
Gold Circuit Electronics Ltd.
Unimicron Technology Corp.
Yatra Online, Inc.
Currencies:
United States Dollar
Indian Rupee
Chinese Yuan
Euro
Japanese Yen
Australian Dollar
United Arab Emirates Dirham
British Pound Sterling
New Taiwan Dollar
New Zealand Dollar
Vietnamese Đồng
South Korean Won
Egyptian Pound
Thai Baht
Saudi Riyal
Indonesian Rupiah
South African Rand
Malaysian Ringgit
Singapore Dollar
Lebanese Pound
People: