Global Market Financial Weekly Report
（October 2024, Week 2）
Key developments shaping global markets and economies.
Citation: BBC News、NASDAQ News
Week's Highlights
1
Google Antitrust Ruling
U.S. judge orders Google to allow rival Android apps on Play Store.
2
U.S. Election Focus
Candidates address economic issues as voter concerns shift.
3
FTX Settlement
Court approves $16.5 billion payout to FTX creditors.
4
Oil Price Surge
Middle East tensions cause 10% spike in oil prices.
Google's Antitrust Ruling
1
Lawsuit Filed
Epic Games accuses Google of monopolizing Android app distribution.
2
Court Decision
Judge orders Google to open platform to rivals.
3
Potential Impact
Decision could alter app marketplace, enhancing competition and lowering prices.
4
Google's Response
Plans to appeal, citing app security and user privacy concerns.
U.S. Election and Economic Concerns
Voter Priorities
Inflation, housing affordability, and employment dominate young voters' concerns.
Harris' Approach
Focuses on subsidies and tax credits for housing.
Trump's Strategy
Emphasizes deregulation and tax cuts.
FTX Bankruptcy Resolution
Court Approval
$16.5 billion payout to creditors approved.
Creditor Frustration
Payment in cash, not cryptocurrency, despite appreciation since collapse.
Market Impact
Case highlights volatility and risks in unregulated markets.
Oil Price Surge
1
Geopolitical Tensions
Middle East conflict escalates, pushing oil prices up.
2
Global Impact
Europe and Asia hit hard due to reliance on imported energy.
3
Inflation Concerns
Prolonged instability could push oil towards $100 per barrel.
Maldives Economic Crisis
Maldives faces severe economic crisis
Foreign reserves nearly depleted, risk of default looming. President Muizzu seeks bailout from India.
Diplomatic shift
Muizzu's "India Out" rhetoric changes as he requests financial support.
Regional implications
India's support reinforces influence amid growing Chinese interest in the region.
Global Market Performance
Sector Performance
Tech Sector
Under pressure due to antitrust concerns and growth slowdown.
Basic Materials
Showing resilience, led by companies like Vale S.A.
Energy
Surging due to rising oil prices and geopolitical tensions.
U.S. Labor Market
Job Growth
254,000 jobs added in September, signaling economic resilience.
Wage Growth
Slowing wage growth potentially eases short-term inflationary pressures.
Economic Outlook
Continued job growth despite inflation concerns.
Global Inflation Concerns
U.S. and Eurozone
Persistently high inflation remains a major concern.
Stagflation Fears
Federal Reserve pauses rate hikes amid economic growth concerns.
China's Struggles
Real estate crisis and weak trade data weigh on economic outlook.
Stock Market Outlook
1
Volatility
Expected to persist as investors digest earnings reports and inflation data.
2
Tech Stocks
May continue to face headwinds due to regulatory pressures.
3
Growth Opportunities
Transportation and energy sectors show strong potential.
Bond Market Trends
1
Rising Yields
U.S. Treasury 10-year yield surpasses 4.5%.
2
Investor Caution
Reflecting concerns about inflation and economic stability.
3
Central Bank Focus
Policies will influence bond market performance in coming months.
Commodities and Forex Outlook
Oil
Prices volatile due to geopolitical tensions. Further disruptions may push prices higher.
Metals
Iron and copper show strength, supported by industrial demand.
Forex
U.S. dollar remains strong. Emerging market currencies face downward pressure.
Conclusion and Future Outlook
Key developments shaping markets
Tech antitrust challenges, U.S. election focus on economy, and energy market volatility.
Ongoing concerns
Inflation and interest rates remain central to investor sentiment.
Future trends
Continued market volatility expected. Economic data and central bank actions crucial.