No change of the indicator value may reduce the volatility of the related markets.
No change of the indicator value may reduce the volatility of the related markets.
On Monday, the FTSE 100 closed at a fresh five-week high. According to Reuters, the rise in the FTSE 100 can be explained by the fact that the fall of the pound sterling raised the income of such dollar companies as AstraZeneca and Unilever.
On Thursday, stocks of mining and construction equipment maker Caterpillar made their biggest gain of the day.
The U.S. GDP data for the third quarter showed stronger than expected. On this background, the dollar is recovering and gold prices are declining slightly.
Last Friday, the stock of Amazon.com Inc declined by 8% in the face of unmet forecasts for the holiday quarter, which were lower than Wall Street analysts’ estimates. At the same time, Big Tech peers of the commerce giant have already recovered from a series of falls and sell-offs.
The Bank of England came up with the decision to start selling assets from the quantitative easing asset portfolio on November 1. The UK central bank postponed the start of the second gilt sale operations as they may coincide with the government’s fiscal statement, as reported by Bloomberg.
On Friday, Exxon Mobil Corp showed a record quarterly profit, driven by rising oil and gas prices. The company's profit margin has almost reached the level of Apple.
Markets will face another significant U.S. Federal Reserve interest rate hike. Officials expect a fourth consecutive 75 basis point rate hike on Wednesday, Nov. 2 at 2 p.m. ET.
On Thursday, last week, Elon Musk finally acquired Twitter. His first act as head of the company was to fire top executives, but along with this he also clarified how he sees the future of the company and the social network and what he plans to achieve.
As part of the RECOVER initiative, the antiviral drug Paxlovid from Pfizer Inc. was chosen as the first drug to be studied in patients with long-term COVID.
Dogecoin surged on Saturday, October 29, Reuters reported. The hike follows a $44 billion acquisition of Twitter by Elon Musk.