SPEU News and Press, SPDR® Portfolio Europe ETF From 11/06/23

2023-11-06 22:15:00 ET Summary On November 1, ADP reported that 113,000 private payroll jobs were created in October, which was well below the economists’ consensus expectation of 130,000 jobs. Education and health services led the way with 45,000 new jobs, followed by trad...

2023-11-06 14:05:00 ET Summary Developed market (DM) central banks have signaled high-for-longer policy rates. We stay selective in DM equities and prefer international stocks. U.S. stocks bounced 6% last week as 10-year Treasury yields plummeted on the Fed's pause and slowing wag...

2023-11-05 07:00:00 ET Summary Eurozone growth turned negative in the third quarter and the next two quarters don’t look very promising either. With inflation declining, the case for an additional rate hike is disappearing. Overall, the downtrend in inflation is likely ...

2023-11-04 08:45:00 ET Summary The market is discounting not only the two cuts in the Fed's September projections, but a third cut and the risk of a fourth cut. The disappointing employment report has pushed US rates and the dollar lower, indicating a dramatic slowing of the US ec...

2023-11-03 06:50:00 ET Summary The US dollar is expected to extend losses unless there is a significant upside surprise in the October employment report. The Dollar Index is down 0.5% this week and is softer against most G10 and emerging market currencies. Benchmark yields in ...

2023-11-03 03:35:00 ET Summary Manufacturers worldwide charged more for their goods on average for a third successive month in October, according to the latest PMI surveys compiled by S&P Global and sponsored by JPMorgan. Labour market effect has moderated considerably in rece...

2023-11-03 02:22:00 ET Summary Divergent global growth and the implications for investors. U.S. interest rates: Higher for longer than originally thought? Outlook for investors in an era of uncertainty. Even as the U.S. economy shows its resilience, other global ec...

2023-11-02 06:35:00 ET Summary The FOMC statement and Chair Powell's remarks were seen as dovish by the market, leading to a decline in the dollar and higher risk appetite. Asia Pacific equity markets, except China, and European markets are rising, while US equities are poised to ...

2023-11-02 06:10:00 ET Summary As we moved deeper into the fall, investors were once again forced to grapple with the consequences of an increasingly tense geopolitical backdrop. From an economic perspective, October brought a blow-out GDP print in the US. The consumer continu...

2023-11-02 02:50:00 ET Summary The European economy is changing course fast: Lower inflation comes with the price of lower growth, which could be just beginning. We have observed for a while now that markets appear to be overly optimistic around European growth and inflation dynam...