Pound Sterling Drops After Weak UK Retail Sales, PMI data
The Pound Sterling faces selling pressure amid UK Retail Sales declining 1.1% and S&P Global PMI dropping sharply.
Walmart Revealed The Dire State Of The Economy
After Home Depot disappointed and Target got slammed, Walmart reported results that were above expectations because in this economic climate, the Target and Home Depot’s losses are Walmart’s gains.
Rate Cut Odds Slip Due To Lack Of Data
The odds of a Fed Funds rate cut at the December FOMC meeting are down to 33%.
Sensex Today Trades Marginally Lower; Nifty Below 26,200
Indian share markets are trading marginally lower today, with the Sensex trading 69 points lower, and the Nifty is trading 32 points lower.
Fed Talk And Soft Data Sour Year End Hopes
Markets started Thursday on a positive note thanks to Nvidia’s strong earnings, with a generally constructive tone in FX and rates, but sentiment quickly soured after Fed officials highlighted renewed inflation concerns.