BofA said further growth in the index is expected. 30 companies performed better than expected. Bernstein said that EPS growth may be lower than in the June quarter.
Baird on US markets
Sentiment will be a bit stretched at all-time highs. There is a possibility of some ups and downs before the elections.
Will the situation change in China?
There is a plan to raise 6 trillion yuan in the next 3 years. The plan is to raise funds through ultra-long special government bonds. This will be used to reduce the debt of local governments.
pressure on crude increased
Crude oil fell more than 3% in one day. The price of Brent has slipped below $76. WTI is trading below $72. The push came after the Washington Post reported. OPEC cut global demand for the third consecutive time. OPEC+ meeting will be held on 1 December. The policy of 2025 will be discussed.
Washington Post claims
Israeli President Netanyahu spoke to the American President. Asked not to take military action against Iran's oil bases. Also asked not to attack Iran's nuclear sites.
Asian market
Today mixed business is being seen in the Asian market. Gift Nifty is trading with a gain of 20 points. At the same time, Nikkei is seen around 40,234.29 with a gain of 1.59 percent. At the same time, an increase of 0.47 percent is being seen in Straits Times. Taiwan markets are trading up 1.31 percent at 23,277.15. While Hang Seng is seen at the level of 20,921.84 with a gain of 0.81 percent. At the same time, Kospi is trading with a gain of 0.18 percent. At the same time, Shanghai Composite is trading 0.33 percent higher at 3,273.57.