Good Morning Early, Readers!!
Gift Nifty is indicating a positive start for our stock markets on the 1st day November F&O series. Hopefully, Nifty will keep climbing higher thru the close.
6:00 AM GLOBAL UPDATE:
GIFT Nifty 🇮🇳: (+36, 26126)
Dow Futures: (-12, 47695)
Nasdaq 100 Futures (+55, 26066)
Nikkei (+511, 50730)
Hang Seng (Closed, 26346)
Dow Jones (+162, 47706)
Nasdaq Composite (+190, 23827)
Bovespa (+460, 147429).
Optimism ramped up at Wall Street in Tuesday’s trade, with all three main benchmarks finishing the day at new record highs.
At the close, the blue-chip Dow Jones Industrial Average was up 0.3% at 47,706, the broader S&P 500 had added 0.2% to 6,890, and the tech-heavy Nasdaq Composite had gained 0.8% to 23,827.
Investors continued to cheer a tame US CPI inflation reading that confirmed a rate cut at Fed meeting to be wired on Wednesday, October 29th.
The CME Group FedWatch, futures traders are currently pricing in a 97% chance the central bank will lower the federal funds rate by a quarter-percentage point.
Odds of another rate cut in December have risen to 92% from 73% one month ago.
Disclaimer/ Disclosure: The investments & trading ideas recommended in the market analysis, research reports, etc. may not be suitable for all investors. This article or data points does not construe investment advice as stock market investments are subject to market risks so please refer to your financial consultant advice before Investing or trading. All information is a point of view, and is for educational, Learning and informational use only. The author or the group admin accepts no liability for any interpretation of articles or comments on this platform being used for actual investments. Registration granted by SEBI and certification from NISM in no way guarantees performance of the intermediary or provides any assurance of returns to investors. Investors must make their own investment decisions based on their specific investment objectives, goals and financial position only after consulting with registered market intermediaries.