5 essential insights to consider prior to Monday’s stock market opening

Presenting the key headlines crucial for kickstarting your trading journey today:

1. Fed Forward

Stock futures rose as investors awaited this week’s Federal Reserve meeting. Dow Jones Industrial Average futures rose 0.03%. S&P 500 and Nasdaq 100 futures rose by 0.09% and 0.16% respectively. Traders generally expect the Fed to leave interest rates unchanged. CME Group’s FedWatch tool, which measures prices in the federal funds futures market, shows that there is a 99% chance that the Fed will remain unchanged after releasing its interest rate decision on Wednesday and that the likelihood of an increase in November is only 99%. 31%. Nevertheless, on this basis, investors would like to better understand the central bank’s stance on inflation. Follow real-time market updates.

2. UAW Strikes

As members of the United Auto Workers union continue their strike this weekend, Jeep maker Stellantis said it will offer union workers raises of nearly 21% over the life of the contract, including an immediate raise of 10%. This offer is in line with those of the other two major Detroit automakers, Ford and General Motors. Stellantis’ proposal would also include eliminating salary levels for some workers, as well as improvements to pension plans and retirement benefits for current workers and
retirees. The UAW is calling for, among other things, a 40 percent increase in hourly wages, a shortened 32-hour work week, a return to traditional pensions, and the elimination of salary levels. Ford and GM resumed negotiations with the UAW this weekend, while Stellantis announced plans to resume negotiations on Monday.

3. The difficulties of streaming

Is the era of traditional television already over? Over the last decade, consumers’ shift to streaming has upended the media industry model, and traditional media giants are trying to figure out how to make it work. Disney is also reportedly considering selling ABC and its subsidiaries; linear cable networks and a minority stake in ESPN, a sign that the company may be ready to abandon traditional media and move on to its next chapter. Streaming is also a serious problem due to the writer and actor strikes that have paralyzed Hollywood for months. Streaming, unfortunately, still poses profitability challenges for the majority of studios. Media companies are also reluctant to share streaming viewership data, leaving investors and writers in the dark.

4. Benefits for Hotels

New York is cracking down on short-term rentals, which could benefit the hotel industry. Earlier this month, the city’s long-planned rules went into effect requiring guests for stays of less than 30 days, with a maximum of two people allowed in the home at a time. Hosts must also register with the city or face heavy fines. As a result, the travel industry website Skift estimates that the number of short-term Airbnb rentals in New York fell by 77% between June 4 and September 10. This means that many customers are looking for other accommodation options. “Last week we saw the highest pace of bookings over the next six months since 2015.” – Kevin Davis, CEO, of JLL Hotels & Hospitality is America, told “Squawk Box Asia” on Monday.

5. Ukraine is gaining ground

Ukraine’s grueling counteroffensive continues and in recent days has recaptured two villages near Bakhmut in Donetsk, eastern Ukraine. The army also made modest progress in the south last week, retaking two square miles of territory in the region. Separately, Britain’s Ministry of Defense said in an intelligence update on Sunday that Russian troops were likely to strengthen their defenses around the occupied town of Tokmak in southern Ukraine and dig in as they approach Ukraine. Over the weekend, NBC News also reported that Ukrainian President Volodymyr Zelensky was scheduled to visit the Capitol and meet with senators at 9:87 a.m. Thursday. He is also expected to meet President Joe Biden this week and attend the United Nations General Assembly. in New York. Ask for Ukraine’s support as the war drags on.

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top