US October jobs data came in well below expectations, but analysts attributed the slowdown to one-off events. Market remains convinced about a 25 bp cut by the FOMC on November 7th, while concerns about higher inflation and debt pushed 10y US Treasury yields higher. September corporate earnings were generally positive, but market reaction was mixed due to concerns around high AI spends.
Weekly Newsletter – 1st November , 2024
November 5, 2024
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