index was up 0.4% in early trade, continuing positive momentum from the start of the week despite coming off the back of its worst monthly performance since September 2022.Central bankers are largely expected to hold rates steady, with fed funds futures pricing suggesting a more than 97% probability that rates will remain at current levels, according to theMeanwhile, statistics agency Eurostat said the euro zone economy contracted by 0.1% in the third quarter, below a forecast of stagnation.
"This is not surprising as affordability remains stretched. Market interest rates, which underpin mortgage pricing, have moderated somewhat but they are still well above the lows prevailing in 2021." Global markets may be plagued with stagflation and the possibility of a world war, but several themes make good plays to"make money" in the short and medium term, says David Neuhauser, founder and chief investment officer at the U.S. headquartered Livermore Partners.
Traders should"rethink" one tech stock associated with an old corner of the industry, according to one investor.