Daily Digest: Friday 11th October
Europe
Off the back of a strong UK GDP print, European equity performances strengthened through Friday. During September, UK economic output rose by 0.2%, in line with analyst expectations, increasing for the first time since June. The UK’s benchmark equity index, the FTSE 100 (FTSE) managed to erase Thursday’s losses, experiencing a reversal rising 15.92 points (0.19%) to 8,253.65. The Pan-European STOXX 600 (STOXX) also rallied rising 2.87 points (0.55%) to 521.98.
USA
US equities also managed to shake off Thursday’s losses as traders continued to price in the impact of September’s CPI print. The S&P 500 ($SPX) rose 34.98 points (0.61%) to 5,185.03, while the Nasdaq 100 ($NDX) rose 30.21 points (0.15%) to 20,271.98, and the Dow ($INDU) rose 409.74 points (0.97%) to 42,863.86.
Rest of the World
Japanese equities traded higher for a third consecutive session with the Nikkei 225 (¥N225) rising 224.91 points (0.57%) to 39,605.80, trading just over 200 points off its monthly highs. Meanwhile, in China, the Shanghai Composite (¥SSE) fell 84.19 points (2.55%) to 3,217.74, erasing most of the week’s gains.
Sources:
https://uk.finance.yahoo.com/world-indices/
https://uk.finance.yahoo.com/commodities
https://www.londonstockexchange.com/indices/ftse-100
https://www.binance.com/en-GB/price/bitcoin
https://www.binance.com/en-GB/price/ethereum
https://qontigo.com/index/sxxp/
Stock Market Activity Today & Latest Stock Market Trends | Nasdaq
https://coinmarketcap.com/charts/#market-cap
https://www.forexfactory.com
https://www.halifax.co.uk/assets/pdf/SEPTEMBER-2024-halifax-house-price-index.pdf
Definitions:
YoY - Year on Year, or, Year over Year
MoM - Month on Month, or, Month over Month
QoQ - Quarter on Quarter, or, Quarter over Quarter
ECB - European Central Bank
BOJ - Bank of Japan
Fed - Federal Reserve
BOE - Bank of England
SNB - Swiss National Bank
DOJ - Department of Justice