Market Brief 14 October, 2024
Good evening, investors and traders! The markets are showing positive momentum today, with the Nasdaq 100 Index (NDX) up by 0.9% to 20,452.58 and the S&P 500 Index (GSPC) up by 0.84% to 5,863.75. China's recent stimulus measures have fueled optimism, with the CSI 300 jumping 1.9% on hopes for economic recovery. However, the latest export and import data from China indicate a slowdown in manufacturing activity. Meanwhile, the Federal Reserve's Waller has cautioned about the pace of rate cuts, suggesting a more deliberate approach. The upcoming U.S. presidential election is also a key factor influencing market sentiment, with both Kamala Harris and Donald Trump making pro-crypto statements.
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