3rd November 2021 Morning Report – sharechat.co.nz – sharechat


Wednesday 3rd November 2021
With US inflation at its highest point in three decades, the U.S. Federal Reserve begins its two-day meeting Tuesday and is expected to announce the start to the winding down of its extraordinary stimulus to the economy, since the pandemic recession began last year. This could prove a risky balancing act. It will likely start with a winding down of its $120 billion in monthly bond purchases and end this program entirely by the middle of 2022. All three of the major averages hit new all-time highs as did the Dow Transportation Average on Tuesday, with the DJIA up 0.44%, the S&P and the NASDAQ higher 0.41% and 0.26% respectively.
Other key markets closed mixed, as investors awaited the US Fed meeting today. BP shares fall 3%. The European Stoxx closed 0.11% up.  About 166 companies of the STOXX 600 have reported quarterly earnings so far and 65.7% have topped profit estimates. The Bank of England is also expected to outline measures to contain a recent spike in inflation. The bank said it had $4.2 billion in exposure to China’s real estate sector, where China Evergrande Group has been grappling with an enormous debt pile. In Asia markets were lower. The Nikkei 225 closed 0.43% lower. The Hang Seng fell 0.22% and the Shanghai Composite ended 1.1% lower, following a flurry of credit warnings for Chinese property developers. 
The oil price was down 0.63% at $83.54 per barrel. Gold was down 0.38% at $1788.9 an ounce. 
No comments yet
Anti-spam verification:
Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.
19th November 2021 Morning Report
18th November 2021 Morning Report
17th November 2021 Morning Report
16th November 2021 Morning Report
15th November 2021 Morning Report
12th November 2021 Morning Report
11th November 2021 Morning Report
10th November 2021 Morning Report
9th November 2021 Morning Report
8th November 2021 Morning Report

AFT Pharmaceuticals Limited (NZX: AFT) reaffirms guidance and progresses growth plan
Blis Technologies Limited (NZX: BLT) Challenging market conditions in US impact half year result
EROAD Limited (NZX: ERD) NZ Commerce Commission Clears Coretex Acquisition
NZME Limited (NZX: NZM) Digital acceleration delivering on NZME’s 2023 strategy
Vital Healthcare Property Trust (NZX: VHP) Announces First Quarter Results
Geneva Finance Limited (NZX: GFL) NZX RESPONSE
Geneva Finance Limited (NZX: GFL) Public Censure of Geneva Finance Limited
Plexure Group Limited (NZX: PX1) Plexure transformation, interim results and growth
Move Logistics Group Limited (NZ: MOV) Completion of Retail Bookbuild; Conclusion of Capital Raise
Move Logistics Group Limited (NZX: MOV) Completion of Retail Entitlement Offer
Investore Property Limited (NZX: IPL) Interim Results HY22
Please select which newsletter(s) you wish to subscribe to:
Unsubscribe/Update »
All our newsletters are FREE to subscribe to and you can unsubscribe at any time.
© Copyright 1997-2021 MoneyOnline Ltd – All Rights Reserved



Please enter your comment!
Please enter your name here