U.S. Equity Markets were choppy to end the week, finishing Friday’s session lower, led by the NASDAQ 100 which finished with a loss of 0.51%. Jobs data was the big story of the day. The Bureau of Labour Statistics’ Non-Farm Payroll data for September showed 194,000 new hires versus the expectation for 500,000 and the prior month’s upwardly revised 366,000. The numbers signal the pace of economic growth is slowing. But the Unemployment Rate fell more than expected to 4.8%. The implication is this could push back the Federal Reserve’s timeline on winding down its $120 billion in monthly purchases of Treasurys’ and mortgage-backed securities. Now, all eyes turn to earnings season, which unofficially kicks off this week with reports from the big banks. European Markets closed mixed. German Export data for August unexpectedly declined, as trade with the U.K. fell off and the comparisons grow more difficult compared with last year. Bank of England Chief Economist Huw Pill said inflation will stick around for longer than expected, citing staffing shortages and supply-chain problems. European Central Bank Chief Economist Philip Lane stated inflation is far from a sustainable move above the central bank’s 2% target, saying recent energy price increases could hurt growth. In Asia, Markit/Caixin’s China composite Purchasing Managers’ Index (“PMI”) data for September rose versus August, moving back into expansion territory as services sector activity rebounded. The Bank of Japan lowered its quarterly economic outlook for five of the country’s nine regions due to COVID-19 restrictions, implying easy-money policies will remain in place for some time. Communications-equipment giant Samsung Electronics reported preliminary third-quarter operating profit and sales were in line with expectations due to semiconductor and mobile-phone demand. Taiwan’s export figures for September were stronger than expected due to continued strength in semiconductor demand. Elsewhere, Oil rose again by 1.66% after the Department of Energy said it had no plans to sell crude from the Strategic Petroleum Reserve, while Bitcoin rose 1% on news that Bakkt’s crypto-linked debit card would soon be available on Google Pay.

To mark my 2400th issue of TraderNoble Daily Commentary I am offering a special 2-Year Rate of Euro 2750 for my Platinum Service which includes 1 to 4 updated emails throughout the trading day To demonstrate this value, a monthly subscription over the same period would cost 4440 euro in total This offer represents a 38% discount and is open to both new and existing members. If anyone is interested in this offer can you please email me on bryan@tradernoble.com for details

For anyone following my Platinum Service it lost 15 points on Friday and is now ahead by 614 points for October after making 2866 points in September, having closed August with a gain of 1543 points, and 996 points in July. The Platinum Service made 1366 points in June, 1439 points in May, 1244 points in April, having ended March with an impressive gain of 3769 points, 3286 points in February, 2077 points in January, and 2273 points last December. Since I started this New Platinum Service in June 2015 it has averaged a monthly gain of over 1600 points

I have a YouTube Channel which contains recent interviews I have given This can be viewed by clicking HERE Please subscribe to this for new interview notification

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