FactSet U.S. Daily Market Preview

10 Episodes
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By: FactSet

StreetAccount U.S. Daily Market Preview is FactSet's daily podcast aiming to bring listeners up to speed with financial markets information on the day to come as quickly as possible. With a target time of ~5 minutes and a publish time of ~5:00 ET, this is an ideal listen prior to market open.

Financial Market Preview - Friday 8-Nov
#216
Yesterday at 10:10 AM

S&P futures are up +0.03%, hinting at a flat open following a strong Thursday session. Following the Fed rate cut, Asian markets ended Friday trading mostly mixed, and European markets are weaker in early trades. China has announced a CNY10T package to refinance local government debt as the NPC Standing Committee meeting concluded. Lawmakers approved a debt swap plan, raising the local government debt ceiling by CNY6T to CNY35.52T by the end of 2024, which aligns with the lower end of economists' forecasts. The plan allows local governments to issue CNY6T in special bonds to address...


Financial Market Preview - Thursday 7-Nov
#215
Last Thursday at 10:10 AM

US futures are pointing to a higher open today. European equity markets have opened mixed, following mostly higher Asian markets. Trump's election and likelihood of GOP sweep triggering risk-on move in equity markets. Fed rate cut expectations for 2025 also eased. Trump's win encouraging expectations of larger stimulus in China who is seen tolerating some yuan depreciation in event of tariff hit.

Companies Mentioned: Avid Bioservices, Integral Ad Science Holding, KKR


Financial Market Preview - Wednesday 6-Nov
#214
Last Wednesday at 10:10 AM

US futures are pointing to a higher open today. European equity markets have opened with gains, following mostly higher Asian markets. Trump has declared victory while formal declaration by AP is expected soon. US dollar rising most since March 2020 to highest since early July.

Companies Mentioned: Acadia Pharmaceuticals, Apple, Foxconn, WillScot


Financial Market Preview - Tuesday 5-Nov
#213
Last Tuesday at 10:10 AM

S&P futures are up +0.17%, pointing to a positive open today. Asian markets ended Tuesday trading mostly higher, and European markets are firmer in early trades. Ahead of the U.S. presidential election, Asian markets remained steady for a second session, with equity benchmarks largely confined to a two-week trading range. The dollar has strengthened, leading to weaker Asian currencies, including the rupee reaching a record low. Sovereign bond yields increased amid significant selling of emerging market bond ETFs. Recent market movements had priced in a potential Trump victory, but this has shifted following favorable polls for Harris.

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Financial Market Preview - Monday 4-Nov
#212
Last Monday at 10:10 AM

S&P futures are up +0.08%, pointing to a flat open today. Asian markets were mostly higher, as optimism over China's anticipated fiscal stimulus and a weaker US dollar provided positive momentum. European markets are mixed in early trades. The upcoming NPC Standing Committee meeting in China, scheduled for 4-8 Nov, has drawn significant attention regarding potential fiscal stimulus measures. Current estimates suggest a range between CNY6-10T over multiple years. This package may focus on local government debt swaps. An announcement of a supplementary budget is considered possible, with estimates leaning towards CNY6T. The outcome of the...


Financial Market Preview - Friday 1-Nov
#211
11/01/2024

US futures are pointing to a higher open today. European equity markets have opened flat with small losses in some places, following widely anemic Asian market trades. After Nasdaq recorded biggest daily fall since early September, focus is now turning to US nonfarm payrolls, with data forecast to show hurricane- and strike-affected employment slowdown. Governor’s post-meeting remarks viewed as hawkish, laying groundwork for December or January rate hike.

Companies Mentioned: Wesco International, Abbott Labs, Reckitt Benckiser


Financial Market Preview - Thursday 31-Oct
#210
10/31/2024

US futures are pointing to a lower open today after anemic afterhours trading with Microsoft and META under pressure on their earnings. European equity markets have opened with losses, following mixed Asian markets. BOJ left policy unchanged as widely expected. Japan’s September industrial production rebounded but retails sales lagged. China's economy lost further momentum in Q3 with attention already shifting to Q4 as investors await evidence of macro stabilization.

Companies Mentioned: Altair Engineering, Siemens, Rogers Communications, Blackstone, Apollo


Financial Market Preview - Wednesday 30-Oct
#209
10/30/2024

S&P futures are up +0.24%, pointing to a positive open today. Asian markets were mixed, with Japan's Nikkei up +1% while China markets closed broadly lower. European markets are extending recent losses in early trades. For today's highlight, Investors in Asia are turning to sovereign bonds from emerging markets in Asia (ex China) to mitigate potential volatility from the US election. Asset managers are favoring Indonesian and Philippine bonds as safe havens, with growing interest in South Korean, Thai, and Indian government bonds. Some investors are also seeking refuge in cash, Indian equities, certain Chinese market segments, and Singapore dollars...


Financial Market Preview - Tuesday 29-Oct
#208
10/29/2024

S&P futures are pointing to a flat open today. Asian markets finished Tuesday trading mixed, while European markets are firmer in early trades. For today's highlight, Japan's equity market is in a cautious phase post-election, with strategists noting potential short-term impacts from the lack of a majority government. Clear economic policies might spark a rally, with a focus on possible looser fiscal measures. Concerns over foreign outflows exist, but macro funds are only moderately short, and CTAs are neutral, limiting momentum selling risks.

Companies Mentioned: Netflix, Apple


Financial Market Preview - Monday 28-Oct
#207
10/28/2024

S&P futures are pointing to a higher open today, up +0.48%. Asian markets finished Monday trading mostly higher, with Japan outperforming following its national election results, while European markets also firmer in early trades. For today's highlight, Japan's equity markets rose sharply despite political uncertainties following the LDP's election defeat. The market responded positively to the expectation that the LDP will need to collaborate with minority parties, some of which favor aggressive growth policies.

Companies Mentioned: Clear Channel Outdoor Holdings, Amedisys, United Health, Douglas Elliman, Boeing