To The Moon

The long-awaited shift from the Federal Reserve has caused global stock markets to soar.

🇺🇸 S&P 500 Index: 1.70% 📈 $S&P 500(.SPX)$  

🇺🇸 Nasdaq: 2.52% 📈 $NASDAQ(.IXIC)$  

🇪🇺 STOXX 600 Index: 1.40% 📈

🇯🇵 Nikkei 225 Index: 2.13% 📈

🇭🇰 Hang Seng Index: 2.00% 📈 $HSI(HSI)$  

🇨🇳 CSI 300 Index: 0.80% 📈 $CSI300(000300.SH)$  

U.S. stock markets surged, with the S&P 500 and Nasdaq rising by 1.7% and 2.5% respectively, as optimism grows that the Fed's pivot will lead to a soft landing for the U.S. economy.

The dovish Fed has boosted optimism across Asian markets, with the Nikkei 225, CSI 300, and Hang Seng Index rising by 2.1%, 0.8%, and 2.0% respectively.

💡 Upcoming Events: 💡

At the end of this week, we will see the release of Japan's national core CPI year-on-year, Bank of Japan policy interest rates, monetary policy statement, and China's 1-year and 5-year loan prime rates.

💡 Things to Know Today: 💡

1. A few hours before the Bank of Japan's latest policy decision meeting, Japan's key inflation indicator accelerated for the fourth consecutive month, with the core inflation rate rising 2.8% year-on-year in August.

Bank of Japan

2. U.S. unemployment claims fell to their lowest level since May, indicating that the job market remains strong despite a slowdown in hiring. According to data released by the Labor Department on Thursday, initial claims for unemployment benefits decreased by 12,000 to 219,000 for the week ending September 14.

US - Department of Labor

3. The Bank of England kept its benchmark interest rate at 5.0%, with officials indicating a preference for gradual policy easing following last month's rate cut.

Bank of England

4. Amazon $Amazon.com(AMZN)$  is launching an AI assistant aimed at helping online merchants streamline and manage their businesses more effectively.

Amazon AI assistant

5. The European Union has warned Apple $Apple(AAPL)$   to allow competitor technologies to use its tightly controlled iPhone and iPad operating systems, or face hefty fines under the EU's landmark digital antitrust regulations.

Apple products

✅ Key Points:

Data dependency remains crucial for the Federal Reserve. We expect this rate cut will not mark the beginning of a typical easing cycle but will monitor upcoming data in the coming months.

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