Archive for November 6th, 2023

New Overnight Developments Abroad - Daily Update

Friday’s Sharp Market Shifts Remain Largely Intact

November 6, 2023

The markets saw a more dovish message from last Wednesday’s Federal Reserve press conference than I and were therefore preconditioned to react to Friday’s weaker-than-forecast U.S. jobs report and ISM services and composite purchasing manager survey results, which sent equities soaring and both the dollar and long-term interest rates falling. In the Pacific Rim, share […] More