Stock Market Update | Wednesday 05/10/202

Edward Jones

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Oct 5, 2022

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• The stock market was higher in Europe and America yesterday, while it was even higher in Hong Kong after a holiday.
• In China, the stock market is still closed because of the “Golden Week”.
• Japan’s stock market only rose by 0.5%.
• The Australian central bank pulled policy rates lower than expected, which could mean that other major central banks will do the same.
• The price of oil rose by 9% to $91 per Brent barrel.
• The European gas price fell to 167 euros per MWh. European producer price inflation rose at a new record pace rose to 43.3% year-on-year.
• The dollar lost another chunk of ground (€1= $0.9972).

Wall Street

• Elon Musk is going to buy Twitter, which will help him create an “everything app” called “X”.
• Chipmaker Micron Technology is going to invest $100 billion in building a computer chip factory, which will create nearly 50,000 jobs.
• Exxon is going to have a good third quarter, with natural gas operating profit by about $2 billion.
• Hasbro lowered its full-year revenue forecast, but is still increasing profits by 50%.
• Ford sold 464,674 vehicles in the third quarter, but could have…