US Macro Daily(Beta Mode)
GDP Surge Fuels Optimism
| Prior Close | ||
|---|---|---|
| Asset | Level | Days Change |
| S&P 500 | 6,919.60 | +0.53% |
| Nasdaq | 23,436.02 | +0.91% |
| Spot VIX | 15.82 | +1.15% |
| 2 Year Bond Yield | 3.62 | 0 bps |
| 10 Year Bond Yield | 4.24 | -0 bps |
| EUR/USD | 1.1737 | -0.10% |
| USD/JPY | 158.29 | -0.09% |
| GBP/USD | 1.353 | +0.21% |
| WTI Oil | 60.62 | +0.46% |
| Gold | 4,921.07 | -0.29% |
| Bitcoin | 89,118.31 | -0.38% |
Prior Economic Events
| Data | Prior | Cons | Actual |
|---|---|---|---|
| GDP Growth Quarter-over-Quarter Final Estimate | 3.80 | 4.30 | 4.40 |
| GDP Price Index Quarter-over-Quarter Final | 2.10 | - | 3.70 |
| Weekly Jobless Claims | 199,000 | 212,000 | 200,000 |
| Core PCE Price Index Month-over-Month | 0.20 | 0.20 | 0.20 |
| Core PCE Price Index Month-over-Month | 0.20 | - | 0.20 |
| Personal Income Month-over-Month | 0.40 | - | 0.10 |
| Personal Income Month-over-Month | 0.10 | 0.40 | 0.30 |
| Personal Spending Month-over-Month | 0.50 | 0.50 | 0.50 |
| Personal Spending Month-over-Month | 0.40 | - | 0.50 |
| PCE Price Index Month-over-Month | 0.20 | 0.20 | 0.20 |
Today's Economic Events
| Data | Prior | Cons | Time |
|---|---|---|---|
| S&P Global Composite PMI Flash | 52.70 | - | 09:45 |
| S&P Global Manufacturing PMI Flash | 51.80 | 52 | 09:45 |
| S&P Global Services PMI Flash | 52.50 | 52.80 | 09:45 |
| Michigan Consumer Sentiment Final | 52.90 | 54 | 10:00 |
- US GDP growth accelerated to 4.4% in Q3, surpassing expectations and signaling robust economic momentum.
- Weekly jobless claims dipped to 200,000, beating forecasts and highlighting labor market resilience.
- Gold neared $5,000 amid geopolitical tensions, while crude oil inventories built despite price stability.
Yesterday's Recap
US GDP growth revised up to 4.4% quarter-over-quarter, exceeding the 4.3% consensus and driven by strong consumer spending.
Weekly jobless claims fell to 200,000 from 212,000 expected, indicating ongoing labor market strength.
Core PCE inflation held steady at 0.2% month-over-month, in line with forecasts, while personal income and spending showed mixed results with income missing expectations.
Markets traded calmly with VIX at 15.82, S&P 500 at 6919.60, and Nasdaq at 23436.02, as bond yields ticked up modestly to 3.62% for 2-year and 4.24% for 10-year.
Gold climbed to 4921.07, Bitcoin held at 89118.31, and WTI oil eased to 60.62 amid inventory builds.
The Day Ahead
S&P Global Composite PMI at 09:45 is expected at 52.7, providing early signals on manufacturing and services activity.
S&P Global Manufacturing PMI at 09:45, forecasted at 52.0, will gauge industrial momentum.
Michigan Consumer Sentiment at 10:00, expected at 54.0, may reflect consumer confidence trends.
