European markets brace for Fed decision as hot Australia CPI, RBNZ surprise and oil rally stir nerves
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Key points
European markets brace for Fed decision as hot Australia CPI, RBNZ surprise and oil rally stir nerves
Treasury yields tick higher ahead of Federal Reserve interest rate decision
Dow Jones futures decline ahead of Fed decision, big tech earnings
Australian Dollar outperforms as hot CPI data lifts hawkish RBA expectations
Equinor Profits Triple as Oil and Gas Prices Surge
KEY POINTS
What moved markets
01Neutral
European markets brace for Fed decision as hot Australia CPI, RBNZ surprise and oil rally stir nerves
The main theme today is central banks and inflation, with markets waiting on the Federal Reserve while several surprises elsewhere keep traders cautious. Hot Australian inflation data, an unexpected hold from the Reserve Bank of New Zealand and a rally in oil have all fed into the nervous tone. The Fed decision sits at the center of it all.
02Neutral
Treasury yields tick higher ahead of Federal Reserve interest rate decision
Ahead of that decision, Treasury yields edged higher as traders waited for the latest monetary policy announcement. The dollar also stayed firm, with the US Dollar Index easing slightly from a nearly two-week high but holding above the 102 level. Analysts cited by the material expect the Fed to keep rates on hold.
03Neutral
Dow Jones futures decline ahead of Fed decision, big tech earnings
Equity futures painted a mixed picture during European hours. Dow Jones futures fell 0.22 percent to near 52,460, while S and P 500 futures gained 0.08 percent and Nasdaq 100 futures rose 0.45 percent. Big tech earnings are also on the calendar alongside the Fed.
04Neutral
Australian Dollar outperforms as hot CPI data lifts hawkish RBA expectations
The Australian dollar outperformed its major peers after hot consumer price data lifted expectations of a more hawkish Reserve Bank of Australia. It rose 0.15 percent against the US dollar to near 0.7035, even after giving back some early losses. Separately, the New Zealand dollar came under pressure after the Reserve Bank of New Zealand held at 2.75 percent, a surprise to markets.
05Neutral
Equinor Profits Triple as Oil and Gas Prices Surge
On the corporate side, Equinor reported that its adjusted net income for the third quarter tripled from a year earlier. The Norwegian energy company pointed to strong refining margins, high oil and natural gas prices and increased hydrocarbon production. In Asia, shares of chipmaker SK Hynix jumped 11 percent after record quarterly profit that sharply beat estimates.
06Neutral
Meta- and Google-backed Jio Platforms’ shares soar over 21% on trading debut after record IPO
Among other notable news, shares of Jio Platforms soared more than 21 percent on their trading debut after the country's largest ever initial public offering. The offering raised 3.2 billion dollars. Galaxy Digital also swung to a quarterly profit of 323 million dollars and announced a new 200 million dollar share buyback.
MOST MENTIONED
Markets in the news
How many stories mention each market, and how many read bullish or bearish.
Equinor Profits Triple as Oil and Gas Prices Surge
Equinor Profits Triple as Oil and Gas Prices Surge. Equinor tripled its adjusted net income for the third quarter from a year earlier, on the back of strong refining margins, high oil and natural gas prices, and.
NeutralCrypto Briefing
CoreWeave stock slides as neocloud debt fears spread across the AI trade
The AI sector faces potential instability as debt concerns in neocloud firms like CoreWeave could hinder growth and investment in AI infrastructure.
NeutralinvestingLive (ForexLive)
European markets brace for Fed decision as hot Australia CPI, RBNZ surprise and oil rally stir nerves
It has been quite an eventful start to the day so far as the central bank bonanza rolls into town. That is putting inflation back in the spotlight with there already being plenty to digest before European traders get to…
NeutralThe Block
Datavault AI stock plummets 50% after firm says it cannot withdraw bitcoin tied to $150 million deal
The issue centers on a deal with Scilex, under which Scilex agreed to buy shares of Datavault AI for $150 million, payable in bitcoin.
Jim Cramer warns investors not to get fooled by the latest AI stock rally
CNBC’s Jim Cramer warned that the latest rally in AI stocks doesn't mean the data center trade is out of the woods.
Macro & Markets: 10 selected of 41
NeutralBBC News
Energy bill help, minimum wage rise and bank taxes - what could be in the Budget?
Energy bill help, minimum wage rise and bank taxes - what could be in the Budget? Chancellor John Healey will set out his plans for UK taxes on 28 October.
NeutralCNBC
Treasury yields tick higher ahead of Federal Reserve interest rate decision
Treasury yields edged higher as traders await the Federal Reserve's latest monetary policy decision.
NeutralThe Guardian
City largely welcomes reports Healey will reverse cuts to cash Isa allowance in the budget – business live
Rolling coverage of the latest economic and financial news. What to expect from John Healey’s first budget: who wins, who pays? Budget 2026: six charts that reveal the economic realities facing the chancellor. Winston…
NeutralFXStreet
US Dollar Index Price Forecast: DXY sits near two-week top, above 102.00 ahead of FOMC
The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, eases from a nearly two-week high, touched earlier this Wednesday, as bulls turn cautious ahead of the crucial FOMC decision.
NeutralFXStreet
Dow Jones futures decline ahead of Fed decision, big tech earnings
Dow Jones futures decline by 0.22% to trade near 52,460 during European hours on Wednesday. S&P 500 futures gain 0.08% to trade around 7,760, while Nasdaq 100 futures rise 0.45% to trade near 29,950.
NeutralFXStreet
Australian Dollar outperforms as hot CPI data lifts hawkish RBA expectations
The Australian Dollar (AUD) trades sharply higher against its major currency peers on Wednesday. Against the US Dollar (USD), the antipodean is up 0.15% to near 0.7035 even after giving back some of its early losses.
NeutralFXStreet
Euro holds gains against Canadian Dollar ahead of BoC rate decision
EUR/CAD inches higher after six days of losses, trading around 1.5640 during European hours on Wednesday. The currency cross moved little ahead of the Bank of Canada’s (BoC) policy decision scheduled for later in the…
Euro edges up from yearly lows as British Pound softens awaiting UK budget
The Euro (EUR) is drawing some support from a softer British Pound (GBP) on Wednesday, as markets brace for the release of the first budget of Prime Minister Andy Burnham’s cabinet.
The climate crisis will destroy our economies – we learned this 20 years ago. When will we act? | Fiona Harvey
The radical Stern report showed that a low-carbon future is also good economics. But it seems that capitalism needs a reminder. Saving the only planet we have makes good economic sense. There is, after all, no money to…
NeutralOilPrice.com
Oil Traders Brace for Iran Escalation After U.S. Elections
Oil traders appear to be preparing for a resumption of hostilities in the Middle East following the U.S. midterm elections on November 3, and if such a resumption does not take place, oil prices are likely to drop, ING…
Stocks & Earnings: 10 selected of 16
NeutralCNBC
Robinhood shares fall as crypto slump weighs on profits, offsetting gains in new businesses
Robinhood shares fall as crypto slump weighs on profits, offsetting gains in new businesses. Robinhood's third-quarter revenue met expectations, fueled by the company's expansion into options, predictions markets and other financial services.
NeutralinvestingLive (ForexLive)
Qatari mediators presented Iran with new draft deal; Iran's response expected by the end of the week
According to an official briefed on the US-Iran negotiations, Qatari mediators presented Tehran with a new draft proposal on Sunday. Iran is considering the proposal, with a response expected by the end of the week. The…
NeutralCrypto Briefing
Alphabet starts selling its TPU chips to outside customers, opening a new front against Nvidia
Alphabet's TPU sales could disrupt Nvidia's dominance, reshape cloud dynamics, and significantly boost Alphabet's market reach and revenue.
NeutralCNBC
Meta- and Google-backed Jio Platforms’ shares soar over 21% on trading debut after record IPO
Jio had offered 270 million shares in the IPO priced at 1,119 rupees apiece, raising 302 billion rupees ($3.2 billion) in the country's largest-ever IPO.
NeutralCNBC
SK Hynix shares jump 11% after record quarterly profit, outperforming broader market
Shares of South Korean chipmaker SK Hynix soared 11% on Wednesday as third-quarter profit sharply beats estimates.
NeutralThe Guardian
Plan for multibillion-pound Sizewell nuclear plant a ‘terrible deal’ for UK taxpayers, MPs say
The public accounts committee has said the risk to billpayers is ‘extraordinary’ The government’s plan to fund a multibillion-pound nuclear plant at the Sizewell site in Suffolk represents a “terrible deal” for the UK…
NeutralCNBC
Where Cramer stands on two beaten-down aerospace stocks — and the one to buy
CNBC’s Jim Cramer likes this beaten-down aerospace stock after a post-earnings pullback.
NeutralCointelegraph
Intel, IBM, Oracle and IonQ latest to object to OKX-ICE tokenized stocks
More than 40% of the companies initially proposed to have their stocks listed in tokenized form have asked to opt-out.
NeutralCNBC
Walmart says AI training is boosting confidence with the technology among its 2.1 million associates
Walmart says training from OpenAI and Google is helping its 2.1 million associates feel more confident using AI and digital tools.
NeutralOilPrice.com
Turkey’s Libya Deal Puts Oil Majors in a Bind
Turkey has finally gotten both sides of a divided Libya to sign the maritime map it has pushed for seven years. Ankara signed the boundary deal with Libya’s Tripoli government in 2019, and the rival parliament in the…
NeutralCointelegraph
Bitcoin ETF inflows climb to $176M as BTC rebounds above $80K
Bitcoin ETF inflows climb to $176M as BTC rebounds above $80K. US spot Bitcoin ETFs drew $286 million over two days, narrowing October’s net outflows to $26 million as the Crypto Fear & Greed Index remained neutral.
AI bots flooded 2023 UK government consultation on disposable vapes ban
Three-quarters of all responses were machine-generated in failed attempt to stop bill from passing into law, research finds. AI bots flooded a government consultation with tens of thousands of fake responses in a failed…
NeutralDecrypt
Robinhood Taps Ripple's Stablecoin, Treasury Software and Trading Loans
Ripple's RLUSD stablecoin is live on Robinhood Chain and Bitstamp, and heads to the Robinhood app later this year as the companies deepen ties in treasury and institutional trading.
NeutralOilPrice.com
5 Data Center Power Stocks to Watch Before Earnings
Wall Street has spent the last three weeks punishing the companies that build and equip AI data centers, which would make more sense if anyone could point to the orders drying up. As of Friday, that group was down a…
NeutralCointelegraph
Ripple, Robinhood expand partnership to bring RLUSD to retail and institutional markets
Ripple also expanded its collaboration with BNY on digital asset custody and partnered with C2FO to bring trade finance settlement onto the XRP Ledger.
NeutralThe Guardian
Homes across UK to get low- or no-interest loans to fund solar panels and heat pumps
Government-backed Warm Home Loans scheme to help households cut energy bills by hundreds of pounds. Households across the UK can now cut their energy bills by hundreds of pounds a year at no upfront cost by applying for…
NeutralCointelegraph
Janus Henderson, Centrifuge launch tokenized Nasdaq-100 fund on Stellar
The blockchain-based fund offers eligible non-US investors exposure to the Nasdaq-100 as Janus Henderson expands its institutional tokenization business.
NeutralThe Guardian
‘Meaningless as a laptop screensaver’: reviewers slate Musk’s AI-made Odyssey film
Tesla tycoon launched Grok project after criticising Christoper Nolan’s diverse casting for his Homeric blockbuster. Elon Musk has released an AI-generated rival to Christopher Nolan’s The Odyssey after pledging to make…
NeutralBBC News
Rise in sales of radios and tinned foods, say retailers, after call to stock up
Figures obtained by BBC Newsnight show large spikes in sales of torches, radios and power banks.
Analysts & Research: 10 selected of 28
NeutralFXStreet
US Dollar: Dovish Fed surprise could weaken the Dollar - MUFG
US Dollar: Dovish Fed surprise could weaken the Dollar - MUFG. MUFG’s Derek Halpenny notes the US Dollar (USD) is under upward pressure ahead of the FOMC, with NZD/USD hit hard after a surprise Reserve Bank of New Zealand.
NeutralFXStreet
New Zealand Dollar: RBNZ pause signals downside risk against US Dollar – Commerzbank
Commerzbank’s Norman Liebke notes that the Reserve Bank of New Zealand (RBNZ) surprised markets by holding at 2.75%, even as it signalled further hikes will likely be needed.
NeutralFXStreet
Equities: Global tech rally extends with AI enthusiasm – Deutsche Bank
Deutsche Bank strategists highlight that US equities advanced on strong data and a buoyant tech mood, with the Nasdaq and Mag-7 moving higher alongside a sharp rise in the Philly semiconductor index. European equities…
NeutralFXEmpire
US Dollar Price Forecast: Fed Decision Looms, Can DXY Break 102.59 as EUR/USD and GBP/USD Slide?
US dollar price forecast: Fed decision and UK Budget take focus as DXY eyes 102.59, EUR/USD tests 1.1113 support and GBP/USD holds near 1.3281.
NeutralFXStreet
Japanese Yen: Range trading seen at 157.00-158.60 against US Dollar - UOB
UOB’s Quek Ser Leang and Lee Sue Ann observe USD/JPY broke above the prior 157.80 strong resistance, reaching 157.97, with negative divergence signalling slowing upside momentum and no imminent pullback. Intraday, they…
Natural Gas Analysis: US Short Squeeze Risk Grows as Europe Prices Iran Threat
In this report: $TTF is making new highs while NATTY had its worst week since February. The market has given up waiting for the cold spell and the Strait is no closer to being opened.
NeutralFXStreet
Euro: Fed rate outlook and ECB credit signals in focus - Danske Bank
Danske Bank’s Danske Research Team notes that EUR/USD traded sharply lower, nearing year-to-date lows, as broad-based Euro weakness dominated G10 FX.
Fears of an AI bust have receded slightly, and the AI story has been helped overnight by impressive 3Q results from Korean chipmaker SK Hynix. This has allowed the market to focus on the core story of resilient growth…
NeutralFXEmpire
First Light News: RBNZ’s Hawkish Hold; UK Budget, BoC & Fed Loom
The RBNZ holds despite hike bets, Asian chips surge, and a UK Budget, BoC and Fed trio lands today.
NeutralFXEmpire
Gold vs Bitcoin: BTC Price Gains Against Gold Ahead of Fed Decision
Bitcoin could rise towards $100,000 if it breaks above $87,000, while its strength against gold supports the bullish outlook.
Compiled by the Borearis Research Team from public news and market quotes, with AI-assisted summaries. For information only, not investment advice. Trading involves risk.
