The Market Whisper: Your Weekly Stock Markets Rundown

September 23-27

Author

thestock whisperers
September 21, 2024

September 23-27

Fed’s Bold Move: Half-Point Rate Cut!
After months of anticipation, the US Federal Reserve finally made its move—cutting rates by a whopping half a percentage point to boost the US job market and attempt a soft landing for the economy. The rate cut marks the beginning of the Fed’s policy easing cycle and sent a wave of relief through global markets. However, some were surprised by the size of the cut. With inflation slowly heading towards the Fed’s 2% target, this bold move is part of their balancing act.

FII Strategy Pays Off in Indian Equities
Foreign Institutional Investors (FIIs) had already pivoted, pouring money into Indian equities, benefiting from the widening interest rate differential.

But, There’s Trouble in Paradise…
Concerns still linger, especially in the SME IPO segment, where SEBI flagged some unrealistic growth expectations set by certain companies.

On the mainboard, look out for IPOs from KRN Heat Exchanger and Manba Finance!

📅 Key Events Next Week

Day

Event

Monday, Sept 23

🏭 HSBC India Manufacturing PMI: August dipped to 57.5,
Services PMI hit a 5-month high at 60.9.
September flash figures are on the way.

Tuesday, Sept 24

🇯🇵 Japan Manufacturing PMI Flash: The August number came in
at 49.8, nearing stability. September’s flash is on the cards.

Wednesday, Sept 25

🛢️ US Crude Oil Inventory: Stocks fell by 1.63M barrels last week.
More data for September 20 coming in.

Thursday, Sept 26

🏦 BoJ Monetary Policy Meeting Minutes: Get insights from
the July meeting where rates were hiked to 0.25%.

Thursday, Sept 26

🇪🇺 ECB General Council Meeting: After cutting rates by 25 bps,
members will dive into inflation outlook updates.

Thursday, Sept 26

🇺🇸 US Initial Jobless Claims: Last week's claims dropped to 219K,
a 4-month low. Data for the week of Sept 21 is coming up.

Friday, Sept 27

💡 Eurozone Consumer Confidence: In August, confidence dipped
to -13.5. Final September figures are due.

📊 Global Sentiment

  • Japan: Will the manufacturing sector regain stability after the upward revisions in August?

  • ECB: Members will discuss the rate cut and where inflation stands.

  • Eurozone: Confidence is low, but will September figures offer hope?

📈 Key IPOs to Watch:

  • KRN Heat Exchanger

  • Manba Finance

💡 Fun Fact:
Did you know? A half-point rate cut hasn’t happened in the US since the 2008 financial crisis!

😊Thank you for subscribing to our Market Wrap-Up Weekly Stock Markets Rundown. Stay tuned for next Saturday.

Disclaimer: The information provided in this newsletter is for informational purposes only and should not be considered financial advice.

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