#MarketNews

☀️ Morning, traders! Here’s what’s making waves in the financial markets today:

☄️ An expanded US-China trade war under President-elect Trump could reduce China's GDP growth by two percentage points and cut exports by 8%, leading Beijing to consider a 3 trillion yuan ($420 billion) stimulus to offset the impact (Bloomberg)

🇬🇧 The Bank of England is expected to cut rates by a quarter point to 4.75%, but further reductions may be limited due to a £30 billion UK budget stimulus.

📈 US stocks surged to record highs, with the US30 up 3.5%, the US500 rising 2.5%, and US100 gaining 2.9% following Donald Trump's presidential victory and a boost in regional bank shares.

🤝 TSMC (#TSM) and GlobalFoundries have concluded talks on Chips Act funding. TSMC will receive $6.6 billion in grants and up to $5 billion in loans, while GlobalFoundries will secure $1.5 billion in grants.

🔥 Qualcomm's (#QCOM) strong sales forecast and 55% growth in automotive revenue highlighted an uneven smartphone market recovery, while Arm's more cautious outlook dampened investor sentiment.

📆 CALENDAR FOR TODAY - 2024.11.7

🔔 Thursday:

🇬🇧 BOE Monetary Policy Report - 14:00 GMT+3
🇬🇧 MPC Official Bank Rate Votes - 14:00 GMT+3
🇬🇧 Official Bank Rate - 14:00 GMT+3
🇬🇧 BOE Gov Bailey Speaks - 14:30 GMT+3
🇺🇸 Federal Funds Rate - 21:00 GMT+3
🇺🇸 FOMC Statement - 21:00 GMT+3
🇺🇸 FOMC Press Conference - 21:30 GMT+3

That’s it for today, guys! Click on 👍if you liked our review, and see you soon!

📲 Start Trading with FBS

@fbsanalytics

🌥 Happy Tuesday, dear traders! Let’s discuss the most exciting news for the beginning of the week:

🇺🇸 The dollar climbed 0.5% to a two-week high, bolstered by former President Trump's announcement of new tariffs during the AFPI gala at Mar-a-Lago, sparking fresh concerns over trade tensions.

📉 Gold and oil prices have significantly dropped due to reports that Israel and Hezbollah are close to reaching a ceasefire agreement, which has raised hopes of reduced geopolitical tensions in the region.

💬 Citi's strategists argue that the Federal Reserve should pause its rate hikes, unlike the bank's economists, who advocate for a 0.50% cut in December. The decision hinges on November's jobs data.

🇯🇵 Japan’s firms have passed costs to customers faster since 1992, with the Bank of Japan's index reaching 26,990.00, up by 0.71%.

❎ Qualcomm's interest in acquiring Intel has reportedly cooled, with the CEO stating that Qualcomm hasn't identified a significant acquisition despite the deal potentially being one of the largest in tech history. #QCOM stock is trading at 158.82.

📆 CALENDAR FOR TODAY - 26.11.2024

🔥 Tuesday:

🇺🇸 CB Consumer Confidence - 17:00 GMT+2
🇺🇸 FOMC Meeting Minutes - 21:00 GMT+2

That’s it for today, guys! Click on ❤️ if you liked our review, and see you soon!

#MarketNews

📲 Start Trading with FBS

@fbsanalytics