International gold price breaks through $2700 per ounce, with all three major European stock indices rising across the board
On Thursday, the US retail sales for September increased by 0.4% month on month, slightly better than market expectations; At the same time, investors continue to evaluate the latest corporate financial reports. The three major US stock indexes fluctuated on the same day, but the overall volatility was not significant. Among them, the Dow Jones Industrial Average rose 0.37%, continuing to set a new closing record high, the S&P 500 index fell 0.02%, and the Nasdaq rose 0.04%. Six out of the eleven sectors in the S&P 500 index fell and five rose. The utility and communication service sectors generally fell, while the energy and technology sectors mostly rose.
Netflix's performance in the third quarter of this year exceeded expectations, and the company's stock price rose more than 4% after market hours
On the company side, American streaming company Netflix released its third quarter financial report after the US stock market closed on Thursday, with both revenue and profit exceeding expectations, achieving double-digit growth. At the same time, Netflix's revenue guidance for the fourth quarter was significantly stronger than expected, and it also raised its revenue guidance for the whole year of this year. After the financial report was released, its stock price rose by over 4% in after hours trading, and has risen by over 40% since the beginning of this year. However, some Wall Street analysts suggest that given the current high level of Netflix's stock price, it may enter a longer period of correction in the future.
The European Central Bank announced a 25 basis point interest rate cut, which may accelerate the pace of interest rate cuts in the future
On Thursday, the European Central Bank announced a 25 basis point interest rate cut, in line with market expectations. This is the first time since the European Central Bank started this round of interest rate cuts that it has cut interest rates twice in a row. The revised data released by the European Union Statistics Office on the same day showed that the final annual CPI rate for September in the eurozone was 1.7%, lower than the initial estimate of 1.8%. This is the first time since June 2021 that the inflation rate has fallen below the European Central Bank's 2% target, indicating that the ECB's long-term efforts to control price increases have achieved significant results. However, the latest manufacturing PMI and employment data in the eurozone have performed poorly, so improving the economic outlook may have become the primary consideration for the European Central Bank at present. Goldman Sachs expects that after this interest rate cut, the European Central Bank will continue to cut interest rates by 25 basis points until the policy rate reaches 2% in June 2025.
On Thursday, the US retail sales for September increased by 0.4% month on month, slightly better than market expectations; At the same time, investors continue to evaluate the latest corporate financial reports. The three major US stock indexes fluctuated on the same day, but the overall volatility was not significant. Among them, the Dow Jones Industrial Average rose 0.37%, continuing to set a new closing record high, the S&P 500 index fell 0.02%, and the Nasdaq rose 0.04%. Six out of the eleven sectors in the S&P 500 index fell and five rose. The utility and communication service sectors generally fell, while the energy and technology sectors mostly rose.
Netflix's performance in the third quarter of this year exceeded expectations, and the company's stock price rose more than 4% after market hours
On the company side, American streaming company Netflix released its third quarter financial report after the US stock market closed on Thursday, with both revenue and profit exceeding expectations, achieving double-digit growth. At the same time, Netflix's revenue guidance for the fourth quarter was significantly stronger than expected, and it also raised its revenue guidance for the whole year of this year. After the financial report was released, its stock price rose by over 4% in after hours trading, and has risen by over 40% since the beginning of this year. However, some Wall Street analysts suggest that given the current high level of Netflix's stock price, it may enter a longer period of correction in the future.
The European Central Bank announced a 25 basis point interest rate cut, which may accelerate the pace of interest rate cuts in the future
On Thursday, the European Central Bank announced a 25 basis point interest rate cut, in line with market expectations. This is the first time since the European Central Bank started this round of interest rate cuts that it has cut interest rates twice in a row. The revised data released by the European Union Statistics Office on the same day showed that the final annual CPI rate for September in the eurozone was 1.7%, lower than the initial estimate of 1.8%. This is the first time since June 2021 that the inflation rate has fallen below the European Central Bank's 2% target, indicating that the ECB's long-term efforts to control price increases have achieved significant results. However, the latest manufacturing PMI and employment data in the eurozone have performed poorly, so improving the economic outlook may have become the primary consideration for the European Central Bank at present. Goldman Sachs expects that after this interest rate cut, the European Central Bank will continue to cut interest rates by 25 basis points until the policy rate reaches 2% in June 2025.
On the 17th, all three major European stock indexes rose across the board
Boosted by the European Central Bank's interest rate cut, the three major European stock indexes rose across the board on Thursday. The FTSE 100 index in the UK rose 0.67% on the same day, the CAC40 index in France rose 1.22%, and the DAX index in Germany rose 0.77%.
International oil prices rise on the 17th
In terms of crude oil futures, due to the month on month decline in US commercial crude oil inventories last week and investors buying on dips, international oil prices reversed their previous decline on Thursday and closed higher. The price of light crude oil futures for November delivery on the New York Mercantile Exchange closed at $70.67 per barrel, an increase of 0.40%; The London Brent crude oil futures price for December delivery closed at $74.45 per barrel, an increase of 0.31%.
On the 17th, the international gold price broke through $2700 per ounce and reached a new closing record high
In terms of gold prices, the uncertainty factors of the US presidential election and the tense situation in the Middle East have intensified investors' risk aversion. International gold prices continued to rise on Thursday, with the December gold futures price on the New York Stock Exchange rising 0.60% on the same day, breaking through the $2700 per ounce mark and closing at $2707.50 per ounce, setting a new historical high.
Source: @ CCTV Finance
On the 17th, all three major European stock indexes rose across the board
Boosted by the European Central Bank's interest rate cut, the three major European stock indexes rose across the board on Thursday. The FTSE 100 index in the UK rose 0.67% on the same day, the CAC40 index in France rose 1.22%, and the DAX index in Germany rose 0.77%.
International oil prices rise on the 17th
In terms of crude oil futures, due to the month on month decline in US commercial crude oil inventories last week and investors buying on dips, international oil prices reversed their previous decline on Thursday and closed higher. The price of light crude oil futures for November delivery on the New York Mercantile Exchange closed at $70.67 per barrel, an increase of 0.40%; The London Brent crude oil futures price for December delivery closed at $74.45 per barrel, an increase of 0.31%.
On the 17th, the international gold price broke through $2700 per ounce and reached a new closing record high
In terms of gold prices, the uncertainty factors of the US presidential election and the tense situation in the Middle East have intensified investors' risk aversion. International gold prices continued to rise on Thursday, with the December gold futures price on the New York Stock Exchange rising 0.60% on the same day, breaking through the $2700 per ounce mark and closing at $2707.50 per ounce, setting a new historical high.
