About: pumarketings
Recent Posts by pumarketings
Eurozone Stability Supports Gains as U.S. Stumbles
Key Takeaways: *Inflation Holds: September Eurozone CPI rose to 2.2% and core held at 2.3%, reducing pressure on the ECB to ease further. *Policy Contrast: Narrower bund-Treasury yield spreads supported the euro, as Europe’s steady stance contrasted with U.S. political dysfunction. *Mixed Growth: Germany, France, and Italy posted weak PMIs, while Spain and the NetherlandsContinue Reading
Crypto Extend Rally to New Highs as Shutdown, Dovish Fed Fuel Bullish Sentiment
Key Takeaways: *Bitcoin broke above $119,000 and Ethereum neared $4,400, lifting total crypto market cap back above $4T to a four-week high. *The U.S. government shutdown underscored crypto’s decentralized resilience, while weak ADP jobs data boosted Fed rate-cut expectations. *Technical breakouts reinforce bullish sentiment, though upcoming U.S. data and Fed signals could inject fresh volatility.Continue Reading
U.S. Equities Defy Shutdown Fears to Hit Records
Key Takeaways: *S&P 500 and Nasdaq hit all-time highs despite the first U.S. government shutdown since 2019. *ADP report showing a 32,000 payroll decline boosted expectations for Fed easing in October, with futures pricing in a 99% chance. *Investors focus on accommodative Fed and BoJ stances, with equities rallying even as political gridlock suspends keyContinue Reading
