04/11/2024
☀️ Good morning, dear traders! How are you? Let’s discuss the most exciting news for the beginning of the week.
🇺🇸 With polls showing a 49%-49% deadlock, Harris and Trump ramp up efforts in battleground states. Harris is rallying Black voters in Detroit, and Trump is energizing supporters in Pennsylvania to sway last-minute votes.
⚡️ With the US election neck-and-neck, over 20 central banks, including the Fed, BOE, and Riksbank, are set to adjust rates this week—likely cuts in the US and UK, while Brazil is expected to hike by 0.5%.
🇨🇳 China’s lawmakers are set to approve a fiscal package exceeding ¥1 trillion ($140B) this week, but doubts remain on its impact as US election results and potential Trump tariffs loom.
🛢OPEC+ countries, including Saudi Arabia, Russia, and Iraq, have extended voluntary oil production cuts of 2.2 million barrels per day until December 2024, reaffirming their commitment to compliance and additional adjustments.
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has reportedly cut dozens of employees from its Metaverse unit as it shifts resources to A.I. This follows other tech giants like Meta, which saw a $4.4 billion loss in Q3 2023, and Microsoft, which cut around 100 Metaverse staff earlier this year.
📆 CALENDAR FOR TODAY - 2024.11.4
🔥 Monday:
🇯🇵 Bank Holiday - All day
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