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Following on from the previous update, as Quick News will not be up and running when a number of US economic releases hit the screens this afternoon, here is a snapshot of what is upcoming later today. At 12.30pm GMT we get the latest weekly jobless claims and the more important PCE report. Weekly jobless claims beat on forecasts last week, when they fell to 227k. The markets expect a number around 230k this week. The September core annualised PCE rate is forecast to fall back ever so slightly, to 2.6% from 2.7%. Naturally any reading which deviates significantly from that will cause a reaction. However, right now that is perhaps a less certain outcome, given where the markets are right now leading ever closer into the US election next week. What is also clear folks- the US stock markets are paring gains leading into this as participants bank profits. That makes perfect sense given the election uncertainty to be honest, especially after the record run for US stocks this year. So, the Dow Jones closed lower again last night. The index handed back 91 points, to close at 42,141 and right now the index future is pricing the opening below 42k, currently at 41,955
The price action across the major European stock markets has seen all three major indexes crumble even more. All of them are now deeper in the red and...
Yesterday the Nasdaq 100 closed at 20,227. The index has just this minutes officially reopened at 20,571 and that is a new record start for the index...
Earlier today the Dow Jones was priced to potentially reopen above 43,600. As noted earlier the record for the index before today stood at 43,325...
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