To The Moon

U.S. stock markets rose as investors digested the inflation report

🇺🇸 S&P 500 Index: +1.07% 📈 $SPDR S&P 500 ETF Trust(SPY)$  

🇺🇸 Nasdaq Index: +2.17% 📈 $Invesco QQQ(QQQ)$  

🇪🇺 Stoxx 600 Index: +0.01% 📈

🇯🇵 Nikkei 225 Index: -1.49% 📉

🇭🇰 Hang Seng Index: -0.67% 📉 $HSI(HSI)$  

🇨🇳 CSI 300 Index: -0.28% 📉 $CSI300(000300.SH)$  

U.S. stock markets closed higher, with the S&P 500 Index and Nasdaq Composite Index rising 1.1% and 2.2% respectively. Overall CPI fell to a three-year low, while core CPI increased by 0.3% year-over-year (market consensus was a 0.2% increase).

The Shanghai CSI 300 Index and Hong Kong Hang Seng Index both declined slightly by -0.3% and -0.7% respectively, as investors adopted a cautious stance ahead of the U.S. CPI data release.

💡 Upcoming Events: 💡

On Thursday, investors will focus on U.S. unemployment claims, EU main refinancing rate, monetary policy statements, and the European Central Bank press conference.

By the end of the week, we will see the release of the U.S. Michigan Consumer Sentiment preliminary reading, EU industrial production year-over-year, and Japan industrial production year-over-year.

💡 Things to Know Today: 💡

1. In Tuesday night's debate, Kamala Harris's strategy was to provoke Donald Trump in front of a national television audience, effectively putting her opponent on the defensive.

Trump VS Harris

2. European companies operating in China are skeptical about the Chinese government's ability to implement reliable plans to stimulate the struggling economy or achieve long-term reform commitments.

3. Oil prices rose to $70.6 per barrel, supported by a reduction in U.S. crude oil inventories and concerns that Hurricane Franklin might affect U.S. production, helping to offset worries about weak global demand. $Occidental(OXY)$  $Exxon Mobil(XOM)$  

Hurricane Franklin

4. Policy-maker Junko Nakagawa indicated that if inflation meets its forecasts, the Bank of Japan is prepared to continue raising interest rates, suggesting that last month's market turbulence has not disrupted the bank's gradual approach to increasing borrowing costs.

Junko Nakagawa

5. Indian Prime Minister Narendra Modi highlighted India's technological potential, announcing that the country aims to expand its electronics industry to $500 billion by the end of the century.

Narendra Modi

✅ Key Point:

Markets might be waiting for new opinion polls in the coming days to take a more decisive stance on the election.

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