News

The market no longer fully expects the Bank of England to raise interest rates four times by the end of 2027.

Sources familiar with the matter revealed that the German government has revised its 2027 economic growth forecast upward to 1.1%, up from 0.9% in April. Economic growth is projected at 0.6% in 2028.

Sources familiar with the matter revealed that the German government has revised its 2026 economic growth forecast upward to 1.3%, up from the 0.5% predicted in April.

The market has reduced its bets on interest rate hikes by the European Central Bank and is no longer fully pricing in a scenario of three rate hikes.

The German DAX 30 index closed down 260.07 points, or 1.03%, at 24,939.12 on Thursday, October 1st; the UK FTSE 100 index closed down 183.64 points, or 1.73%, at 10,422.36 on Thursday, October 1st; and the FCHI index closed down 129.20 points, or 1.62%, at 7,835.31 on Thursday, October 1st. The Euro Stoxx 50 index closed down 97.47 points, or 1.55%, at 6171.55 on Thursday, October 1st; the Spanish IBEX 35 index closed down 442.06 points, or 2.28%, at 18984.14 on Thursday, October 1st; and the Italian FTSE MIB index closed down 1153.48 points, or 2.25%, at 50218.50 on Thursday, October 1st.

US Treasury auction for the 8 weeks ending October 1 - bid-to-cover ratio 2.7, previous value 2.76.

US Treasury auction for 8 weeks ending October 1 - winning interest rate allocation percentage: 65.05%, previous value: 23.84%.

US Treasury auction for 8 weeks ending October 1 - winning yield 3.99%, same as the previous value.

US Treasury auction results for the four weeks ending October 1 - winning bid rate allocation percentage: 23.52%, compared to 54.97% previously.

US Treasury auction for 4 weeks ending October 1 - winning yield 3.89%, previous value 3.85%.

US Treasury auction for the four weeks ending October 1 - bid-to-cover ratio 2.83, compared to 2.61 previously.

NASA: SpaceX's (SPCX.O) crewed spacecraft has entered orbit and is en route to the International Space Station.

It is understood that the budget cuts by Federal Housing Finance Agency (FHFA) Director Pulte will affect up to 80% of the agency's regulatory staff.

Honda's U.S. sales in September reached 121,796 units, a 15.9% increase month-over-month.

Canadian Prime Minister Carney: The new pipeline will reduce dependence on U.S. oil exports; plans are in place to expand the Roberts Port terminal to increase crude oil exports.

German Chancellor Merz: The far-right German party AFD has received support from Russia.

Canadian Prime Minister Carney: The pipeline project will create 140,000 jobs, contribute more than $20 billion to GDP annually, and generate $100 billion in revenue for the government by 2060.

Canadian Prime Minister Carney: Canada will designate the proposed West Coast oil pipeline as a national interest project.

Microsoft (MSFT.O) announced that LinkedIn Executive Vice President Roslansky will be leaving the company before the end of the year.

The U.S. Treasury Department announced that it will conduct a liquidity repurchase operation on October 1, repurchasing up to $6 billion in Treasury bonds with maturities of 10-20 years.