— California Climate Disclosure Regulation Passes Major Legal Hurdle. — Restaurants, other services still in grip of high inflation even as overall rate slows. &
Now that the U.S. election is settled, equities show some signs of relief, but questions remain across asset classes.
What we saw from the markets in October and what we’re watching post-election. By David Baker, Senior Director, Investment Strategy and Communications.
— Euro zone inflation rises to higher-than-expected 2%, weakening case for jumbo rate cut. — Key inflation rate hits 2.1% in September, as expected, closing in o
— U.S. consumer sentiment rose in Oct. (to 70.5 on key U Michigan Survey), and is up six percentage points from a year ago, but is still well below pre-pandemic levels (
— S&P 500 earnings for 3rd quarter 2024 are expected to rise by 3.4% (vs. 3rd quarter 2023), the slowest rate of growth since Q2 2023 (-4.2%). — The U.S. feder
— U.S. consumers recently had record credit card debt (over $1.1 trillion) but this fell slightly in August; in early October, U.S. consumer sentiment dipped on cost o
With U.S. elections just weeks away, LNW CIO Ron G. Albahary, CFA® assesses the implications for the markets and the economy, the factors behind the 2024 rally in virtually a
— The U.S. economy added a strong 254,000 jobs in Sept. up from 159,000 in Aug., with wages up 4% from a year ago and unemployment rate edging down to 4.1%. —