Marcus Today Pre-Market Podcast – Thursday 3rd November

Marcus Today Market Updates

The Fed offered little relief for investors overnight. Despite lifting rates by 75bps as expected, Jerome Powell's hawkish comments following the decision spooked the Dow Jones into a 505-point loss (-1.55%) finishing just off lows. At best it was up 419 points following the rate rise, then dropped over 930 points on Powell's comments. The S&P 500 fell 96 points (-2.5%), and the Nasdaq took the biggest hit, falling 366 points (-3.4%). In Europe, Stoxx 50 -0.8%, FTSE -0.6%, CAC -0.8%, and DAX -0.6%. SPI Futures are down 113 points (-1.62%).

• Fed delivers big rate hike, signals possible smaller increases ahead
• Stocks end down, yields up as Powell sticks to hawkish stance
• Powell sees higher peak for rates, path to slow tempo of hikes
• Wall Street sees ‘devil’s bargain’ in Powell’s rate comments
• Ukraine grain export deal back on track as Russia resumes participation
• North Korea fires 23 missiles, one landing off South Korean coast for first time
• Amazon sees record interest from retail investors after earnings
• Oil jumps to three-week high as tight fuel supplies spark worry

Catch up on the latest news with Henry Jennings’ Pre-Market Podcast.
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