Bank of England Chief Economist Huw Pill said that UK price pressures are not as strong as headline inflation estimates suggest, though signaled policymakers should not cut interest rates again just yet https://t.co/VZMB7AN2nH ...

South Africa’s top money managers say cash is a bad place to station money given the downward trajectory in global interest rates and that investors should look to emerging markets for opportunities https://t.co/P7b9wkBOir ...

BOJ Governor Kazuo Ueda signals his unshaken intention to carefully raise rates to Japan's Prime Minister Sanae Takaichi https://t.co/RBlEXmBzaw ...

Group 1 - European stocks are expected to open cautiously due to ongoing concerns about tech valuations and the outlook for U.S. interest rates [1] - Nvidia is set to release its third quarter results, which could significantly influence the broader artificial intelligence industry's prospects [2] - Major retailers such as Walmart, Home Depot, and Target are also reporting earnings this week, which are viewed as indicators of consumer spending [2] Group 2 - Upcoming economic reports include factory orders, the U.S. trade deficit, and ADP employment, along with the September jobs report, which may affect interest rate outlooks [3] - The CME Group's FedWatch Tool indicates a 55.1% chance that the Federal Reserve will keep rates unchanged next month, with a 44.9% chance of a quarter-point rate cut [4] Group 3 - U.S. stock futures have extended losses, and Asian markets are experiencing significant declines, reflecting broader risk aversion [5] - Gold prices have fallen for four consecutive sessions, influenced by a strong dollar and reduced expectations of a Fed rate cut [5] - Oil prices are declining as investors assess the impact of a potential global surplus against U.S. sanctions on Russia [5] Group 4 - U.S. stock indices have seen declines, with the Dow down 1.2%, Nasdaq Composite down 0.8%, and S&P 500 down 0.9%, reflecting concerns over the economic outlook [6] - European stocks closed lower, with the pan-European Stoxx 600 down 0.5%, and major indices like the German DAX and France's CAC 40 also experiencing losses [6]

NEW YORK (AP) — The U.S. stock market sank Monday as Nvidia and other superstars created by the frenzy around artificial-intelligence technology dimmed some more.The S&P 500 fell 0.9% and pulled further from its all-time high set late last month. The Dow Jones Industrial Average dropped 557 points, or 1.2%, and the Nasdaq composite sank 0.8%.Advertisement Nvidia was the heaviest weight on the market, as it’s often been in its last couple of tumultuous weeks. The chip company fell 1.8%, while losses for othe ...

Market Trends & Drivers - Precious metals have surged this year, with gold rising about 55% and silver surging about 75% [1] - The rally in precious metals is driven by concerns about the future of the dollar, geopolitical instability, stretched stock market valuations, and expectations for rate cuts by the Fed [2][3] - Silver reached a new all-time high last week and surpassed a decades-old record last month [4] - Silver was trading at a premium in London over New York prices due to an unprecedented drop in inventories [4] - India and China are the largest consumers of silver for industrial use and jewelry [7] Silver's Industrial Applications - Silver has significant industrial uses in electronics, solar panels, and medical devices [5] - Silver is an excellent conductor of electricity and is used in circuit boards, switches, electric vehicles, and batteries [5] - Rising demand and stagnant supply have amplified silver's price rise [6] ETF Performance & Characteristics - iShares Silver Trust (SLV) is the largest silver ETF with 25 billion in assets under management and a 50 basis points expense ratio [8] - abrdn Physical Silver Shares ETF (SIVR) is a cheaper physically backed silver ETF with 37 billion in assets and a 30 basis points expense ratio [9] - Global X Silver Miners ETF (SIL) tracks companies involved in silver mining with 37 billion in assets and a 65 basis points expense ratio [10] - iShares MSCI Global Silver and Metals Miners ETF (SLVP) holds companies involved in silver exploration or metals mining with 585 million in assets and a 39 basis points expense ratio [10] - iShares MSCI Global Silver and Metals Miners ETF (SLVP) is up about 140% year to date, while Global X Silver Miners ETF (SIL) is up about 115% [12]

Economic Indicators - The upcoming September jobs report is expected to show a gain of approximately 50,000 jobs, which could significantly impact the bond market depending on the accuracy of the data [2][3] - There is an anticipation of sizable revisions to the jobs data due to the rapid collection process, indicating that the report may not fully reflect the current economic conditions [3] Federal Reserve Policy - The Federal Reserve is likely to maintain its current interest rates in the next meeting, with potential cuts not expected until early 2026, as inflation remains high at around 3% while the unemployment rate hovers near 4.5% [5][6] - The Fed's dual mandate of managing inflation and supporting the labor market is creating tension, as the labor market shows signs of slowing down [6][7] Corporate Debt and AI Sector - There has been a significant increase in bond issuance by major AI tech companies, raising concerns about the overall level of corporate debt, especially given the low credit spreads [9][10] - The focus is shifting towards lower-rated companies and those in the high-yield market, which may struggle to service their debt as the overall debt burden increases [10][11] - The market is expected to demand higher yields relative to treasuries to compensate for the rising risk associated with high levels of corporate debt [11][12]

Even as global interest rates fall and markets mature, the borrowing costs for African countries are still the highest in the world. It's sparking a big debate. Read more: https://t.co/JFY4WqpPHk📷: Dwayne Senior/Bloomberg https://t.co/R3qALuPrI0 ...

A wave of African central banks is set to cut interest rates at their final meetings of the year as inflation cools — a shift that could revive growth across the continent https://t.co/NaD8bPtd0j ...

TOKYO (AP) — Japan’s economy contracted at a 1.8% annual pace in July-September as President Donald Trump’s tariffs hit exports and private residential investment plunged. Data released by the government Monday showed that on a quarter-by-quarter basis, Japan’s gross domestic product, the sum value of its goods and services, slipped 0.4%, the first contraction in six quarters. The annualized rate shows what the economy would have done if the same rate were to continue for a year. In the April-June quart ...