Dow Futures

Dow Futures contract was up 95 points, or 0.3%, at 06:40 ET (10:40 GMT), the S&P 500 Futures contract was up 11 points, or 0.3%, and the Nasdaq 100 Futures contract was up 50 points, or 0.3%.

1.  Futures rise as the Fed speaks and the Middle East turmoil – what’s driving markets?
2. Futures prices jump in response to the Fed’s dovish tone, although Middle East concerns weigh.
3. Small company sentiment in the United States has moderately declined -NFIB
4. Honeywell announces a company restructure to generate faster growth and reinforces its outlook.PepsiCo’s third-quarter core earnings per share exceeded expectations.
5. Republicans in the US House face a difficult task in selecting a new speaker.
6. Hyatt Hotels will be included in the S&P MidCap 400.
7. Electronic Arts stock rises as BofA raises it to Buy on valuation grounds.
8. In sympathy with Akero Therapeutics, 89bio Inc. trades lower.
9. Honeywell will rearrange company segments in order to increase growth.
10. Akero Therapeutics is down 48% after a 6-week analysis of the 96-week Phase 2b SYMMETRY study for NASH.
11. Lexicon Pharma’s stock rose when Inpefa was granted preferred status at Express Scripts.
12. The gold surge is losing steam as yields rise, while stocks rebound.
13. According to recent data, Bank of America clients are buying stock dips.
14. Denso and Mitsubishi Electric will invest $1 million in Coherent’s Silicon Carbide Semiconductor.
15. The dollar rises as Fed policymakers dispute the need for additional rate hikes.
16. Truist is in talks to sell his insurance company for $10 billion, according to Semafor.
17. The United States offers South Korean chipmakers indefinite waivers for operations in China.
18. In September, Tesla’s China-made EV sales fell 10.9% year on year.
19. IBM’s stock continues to rise steadily, but it lags behind other tech behemoths.
20. More than 800 people are laid off as a result of the US automakers’ strike.
21. Several large US banks allow their employees in Israel to work from home.

GLOBAL NEWS 

1. European financial markets rose on Tuesday, despite the geopolitical turmoil and violence in Israel and Gaza.
2. China sets legal recommendations to encourage private enterprise.
3. Bain Capital has delayed the offering of Virgin Australia until next year, according to a source.
4. The IMF has reduced Saudi Arabia’s growth prediction for 2023 to 0.8%.
5. The IMF raises its forecast for Latin America and the Caribbean GDP growth to 2.3% in 2023.
6. According to the IMF, the United Kingdom would have the slowest growth of the G7 countries in 2024.
7. Amazon and Walmart are courting early holiday shoppers in the United States with limited-time offers.
8. The Bank of England is putting more pressure on money market funds to provide liquidity.
9. BMW and Mercedes had a difficult third quarter in China.
10. Dutch taxpayers are on the hook for $7.1 billion as a result of the ABN Amro rescue in 2008.
11. STT collections for the Union Government are on track to exceed FY24 budget expectations.
12. European stock futures are higher, as Fed speakers calm worries.
13. Egypt’s inflation rate increased to 38.0% in September.
14. Asia’s stocks rise on the Fed’s rate announcement; oil falls.
15. Gold reaches a one-week high on Middle East concerns and a cautious Fed.
16. As travel demand improves, Virgin Australia reports its first profit in 11 years.
17. After contract discussions fail, the Canadian union Unifor goes on strike at GM.
18. China developer Kaisa informs the court that if the company is liquidated, creditors will receive less than 5% of their money.
19. Malaysia is anticipated to reduce subsidies in the 2024 budget in order to strengthen its fiscal position.
20. Kokusai Electric reduces its preliminary IPO pricing by around 3%.
21. As travel demand improves, Virgin Australia reports its first profit in 11 years.
22. HDFC Bank raises the MCLR while decreasing fixed deposit rates.
23. Bank of Baroda intends to issue infrastructure bonds for Rs 10,000 crore.
24. As chip losses persist, Samsung’s third-quarter profit is expected to fall by 80%.

 Economic data

According to the National Federation of Independent Business (NFIB), the Small Business Optimism Index decreased half a point last month to 90.8. For the 21st month in a row, the index fell below its 49-year average of 98 points in September.

Economic Calendar

6:00 AM ET                  NFIB Small Business Optimism Index for September

7:45 AM ET                  ICSC Weekly Retail Sales

8:55 AM ET                  Johnson/Redbook Weekly Sales

9:00 AM ET                  Fed’s Perli Speaks at NABE

9:30 AM ET                  Fed’s Bostic Speaks on Outlook for US Economy

10:00 AM ET                Wholesale inventory M/M for August

1:00 PM ET                   US Treasury to sell $44B in 3-year notes.

1:00 PM ET                   Fed’s Waller Speaks at Monetary Policy Conference

3:00 PM ET                   Fed’s Kashkari Participates in Town Hall

4:30 PM ET                   API Weekly Inventory Data

6:00 PM ET                   Fed’s Daly Speaks At Chicago Council on Global Affairs

Other kay Events

G2EGaming Conference in Las Vegas, 10/10-10/11

Goldman Sachs EMEA FinTech Conference 10/10, in London

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