The PULSE: Today’s global economic and market news for October 18, 2024.

U.S. Markets: Cautious Optimism Amid Inflation Worries

The U.S. stock market exhibited limited movement today. The Dow, S&P 500, and Nasdaq showed slight fluctuations as investors weighed recent inflation data and its implications for the Federal Reserve’s interest rate policy. While inflation appears to be cooling, price pressures in the services sector persist, keeping investors on edge. The Federal Reserve's steady interest rate approach provides stability, but tech stocks are experiencing continued volatility​ Investment Bank | Barclays.

U.S. Retail Sales: Strong Performance

U.S. retail sales grew by 0.4% in September, surpassing expectations and signaling resilient consumer spending. This uptick is a positive indicator ahead of the holiday season, reinforcing confidence in the strength of the U.S. economy​ . Zooe | Fintech Social Trading Broker.

Eurozone: Inflation Worries Continue

Eurozone inflation remains a concern in Europe, prompting speculation of further rate hikes by the European Central Bank (ECB). Persistent inflation in the region is leading to a cautious approach from the ECB, potentially impacting the EUR/USD exchange rate and regional equity markets​ . Zooe | Fintech Social Trading Broker

Global Economic Outlook: A Soft U.S. Landing?

According to Barclays’ Q4 2024 outlook, the U.S. economy is resilient, with steady payroll growth and rising household incomes. However, risks like China's slowing economy and geopolitical tensions continue to loom. The outcome of the upcoming U.S. presidential election could also introduce further uncertainties, particularly regarding global trade relations​ Investment Bank | Barclays.

Oil Prices Stabilize

Oil prices, volatile due to Middle Eastern tensions, are beginning to stabilize as crude inventories increase. This trend could relieve inflation, particularly for energy-dependent sectors, though any future geopolitical disruptions could reverse this stability​ Zooe | Fintech Social Trading Broker.

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For more details, visit:

• Barclays Global Economic Outlook
• Zooe Economic Calendar

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