Good Morning Traders! This Thursday we see earnings from AT&T and American Airlines.
Here is what to keep in mind.
Sentiment
In September, Australian employment came in worse than anticipated, supporting the Reserve Bank's view that the labour market has reached a "turning point," but fewer persons looking for work resulted in a decrease in the unemployment rate.
In August, Chinese investors sold the most US bonds and stocks in four years, raising speculation that the government may have increased its war fund to protect the falling yuan.
Chinese official revisions and price adjustments appear to have boosted the country's robust third-quarter economy results, which has economists questioning how robust the data actually was.
According to a former BOJ board member, the Bank of Japan may abandon negative interest rates by the end of this year in order to reduce the current excessive degree of monetary easing.
As traders monitored Middle East tensions as the US relaxed some crude sanctions against Venezuela, oil prices dipped from a two-week high.
After four years, the US relaxed some limitations on bond trading and lifted sanctions on the country's production of gold, gas, and oil.
Docket
02:00 AM ET
French Business Climate Mfg
Median Forecast 98 | Prior 99
Earnings
06:30 AM ET
AT&T Q3 2023 Earnings
EPS $0.62| Est. Rev $30.22B
07:00 AM ET
American Airlines Q3 2023 Earnings
EPS $0.25| Est. Rev $13.50B
Good Luck Today Traders!
