Weekly Newsletter – 11th October , 2024

Dear Mr. Investor,
 
US stocks continued to hit new all-time highs, with the S&P 500 closing above 5,800 for the first time. Consumer prices for September came in hotter than expected, and the market is now pricing in an 89% probability of a 25 basis point reduction in November. In corporate news, Tesla’s stock fell over 8% amid disappointment regarding its robotaxi rollout, while JPMorgan Chase reported strong net interest income, investment and trading revenue.
 
Please find enclosed our weekly newsletter.
 
Regards,
Asas Capital Team

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ASAS Capital Limited is regulated by the Dubai Financial Services Authority ( “ DFSA”) and has its office at office 702, Emirates Financial Towers, Level 7, South Tower, DIFC, P.O.Box 506806. ASAS Capital Ltd is a company established in the Dubai International Financial Centre ( “ DIFC”) pursuant to DIFC Companies Law with registration number CL 0814. This information has not been reviewed by the DFSA. This information is intended for use only by Professional Clients and is not directed at Retail Clients as defined by the DFSA Rulebook. ASAS Capital Ltd is authorised in the DIFC to provide financial services only to clients who qualify as Professional Clients and Market Counterparties and not to Retail Clients.

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