Boeing will cut 17,000 jobs — 10% of its global workforce — delay first deliveries of its 777X jet by a year and record $5 billion in losses in the third quarter, as the U.S. planemaker continues to spiral during a month-long strike.
Oil prices settled lower on Friday but rose for the second straight week as investors weighed factors such as possible supply disruptions in the Middle East and Hurricane Milton’s impact on fuel demand in Florida. Brent crude oil futures settled down 0.45%.
The Oil-Dollar pair saw a minor dip of 0.1% in the last session. The Stochastic indicator is giving a positive signal.
Support: 72.672 | Resistance: 76.992
ARK Invest, the cryptocurrency-friendly asset manager founded by prominent Bitcoin bull Cathie Wood, has sold another large portion of its Robinhood holdings. According to a trade notification on Oct. 8, ARK offloaded 1.4 million Robinhood shares worth $36.4 million from its three funds.
European stocks settled higher, bouncing from losses in the previous session as investors focussed on upcoming interest rate cuts and a key U.S. inflation report later this week. The continent-wide STOXX 600 index was up 0.6%, with the automobiles and parts sector among top gainers with 1.1% jump
The British pound nudged down to a one-month low on the dollar, as markets gradually reassess the different interest rate paths of the Federal Reserve and Bank of England.
The Pound dipped a slight 0.1% against the Dollar in the last session. The Williams indicator indicates an oversold market.
Support: 1.301 | Resistance: 1.3154
Gold prices fell over 1% and were on track for their biggest drop on a percentage basis in 1.5 months as recent U.S. employment data lowered expectations for a bigger rate cut, while markets awaited minutes of the U.S. Federal Reserve’s latest policy meeting for fresh signals.
The Gold fell against the Dollar in the last trading session. The ROC is giving a negative signal.
Support: 2624.8561 | Resistance: 2669.2661
