To The Moon

As investors prepare for important earnings reports this week, Wall Street's momentum slows.

🇺🇸 S&P 500: -0.18% 📉

🇺🇸 Nasdaq: 0.27% 📈

🇪🇺 Stoxx 600: -0.66% 📉

🇯🇵 Nikkei 225: 0.00% 📈

🇭🇰 Hang Seng: -1.57% 📉

🇨🇳 CSI 300: 0.25% 📈

🇸🇬 Straits Times: -0.70% 📉

The U.S. stock market closed mixed on Monday, with Wall Street taking a breather ahead of a crucial week for earnings reports. The S&P 500 fell by 0.2%, while the Nasdaq rose by 0.3%.

Chinese stock markets showed mixed results, with the Hang Seng Index down by 1.6% and the CSI 300 up by 0.3%, as traders assessed the announcement of China's base lending rate while also keeping an eye on Japan's elections this weekend.

💡 Upcoming Events: 💡

On Wednesday, the preliminary EU Consumer Confidence Index will be released.

On Thursday, investors will focus on the U.S. S&P Global Manufacturing and Services PMI, jobless claims, preliminary EU HCOB Manufacturing and Services PMI, preliminary Japan Jibun Bank Manufacturing and Services PMI.

By the end of the week, on Friday, we will see the announcement of China's 1-year Medium-term Lending Facility rate, and on Sunday, Japan's elections.

💡 Things to Know Today: 💡

1. China lowered its benchmark lending rate in Monday's monthly fixing. The one-year Loan Prime Rate (LPR) was reduced by 25 basis points to 3.10%, down from 3.35%, and the five-year LPR was also cut by 25 basis points from 3.85% to 3.60%.

2. Boeing's $Boeing(BA)$  stock rose by 3% on Monday as the market remained optimistic about resolving a serious strike, though some analysts are uncertain if the labor contract proposed over the weekend will gain sufficient support from the company's employees.

Boeing

3. South Korea's exports in the first 20 days of October fell by 2.9% year-on-year. Semiconductor exports increased by 36.1%, while automobile exports decreased by 3.3%, and oil product exports fell sharply by 40.0%.

South Korea Export

4. According to exchange filing documents, more than 20 Chinese listed companies have disclosed plans to use special central bank loans to buy stocks. Just days ago, the People's Bank of China (PBOC) launched a financing plan worth $42 billion.

5. Gold $SPDR Gold Shares(GLD)$  prices reached a historic high on Monday, continuing to rise strongly amid uncertainties surrounding the U.S. elections, ongoing tensions in the Middle East, and interest rate cuts by major central banks, while silver climbed to its highest level in nearly 12 years.

Gold price trend

✅ Key Points:

Companies set to report earnings later this week include General Motors $General Motors(GM)$ , Tesla $Tesla Motors(TSLA)$  , Coca-Cola $Coca-Cola(KO)$ , Southwest Airlines, and American Airlines.

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