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In recent news, Netflix Inc. (NFLX) saw a 5.03% rally after beating Q3 earnings estimates during after-hours trading. This positive performance by Netflix reflects investor confidence in the company’s growth prospects and content offerings.
However, the focus is also on key economic indicators that are influencing the Federal Reserve’s rate path. US retail sales showed a 0.4% increase in September, signaling potential demand-driven inflation that could delay a December rate cut until Q1 2025. Meanwhile, improvements in the labor market, with initial jobless claims falling to 241k, could support wage growth and consumer spending.
These developments have shifted sentiment regarding the Fed rate path. The probability of a 25-basis point November Fed rate cut decreased to 90.6%, while the chances of a rate cut in December stood at 74.3%.
On the global front, China’s economic indicators are also influencing risk sentiment. Despite a 4.6% year-on-year expansion in Q3, down from 4.7% in Q2, the Asian markets remained resilient on hopes of more fiscal stimulus measures and positive economic data for September.
Stay tuned to Extreme Investor Network for more in-depth analysis and expert perspectives on how these developments could impact your investment strategies. Make sure to subscribe for exclusive content and stay ahead in the world of investing.