Here are the most important news, trends and analysis investors need to start a trading day:
1. Wall Street is expected to win a strong profit week
On October 12, 2021, traders work on the trading floor of the New York Stock Exchange (NYSE).
Bren Dank Demead | Reuters
2. Due to the hope of the first Bitcoin futures ETF, Bitcoin is close to $60,000
Bitcoin on display.
Chestnut | Getty Images
Bitcoin continued to move higher on Friday, moving towards $60,000 overnight, as people increasingly hope that US regulators will not hinder the development of the first Bitcoin futures exchange-traded fund. The fund is scheduled to start trading on Tuesday. The US Securities and Exchange Commission can object to the document before midnight on Monday. However, many cryptocurrency observers believe that there is a high probability that ETFs will start trading as planned. Bitcoin hit a record high of close to US$65,000 in April, and then fell sharply in June, causing the world’s largest digital currency to fall below US$29,000. Bitcoin, known for its volatility, has doubled since then.
3. Retail sales are released after the hot inflation data this week
Pedestrians holding Macy’s shopping bags in San Francisco, California, on Thursday, September 16, 2021.
David Paul Morris | Bloomberg | Getty Images
Two important inflation reports this week showed great price pressure at the wholesale and consumer levels. The government will report retail sales at 8:30 am Eastern Time. Economists surveyed by Dow Jones expect overall retail sales in September to fall 0.2% after a 0.7% increase in the previous month. Retail sales excluding automobiles are expected to increase by 0.5%, compared with the 1.8% increase in August. The data will be released after the release of the minutes of the Fed’s September meeting. According to the minutes of its September meeting, as the economy recovers, the central bank may begin to reduce its purchases of Covid-era bonds as early as mid-November. The next meeting of the Fed is scheduled to be held from November 2 to 3, and the last meeting of this year is scheduled to be held from December 14 to 15.
4. The FDA team meets with Johnson & Johnson Booster after recommending Moderna
A nurse injects a syringe with Johnson & Johnson’s Janssen Covid-19 vaccine in a clinic sponsored by Rose Tournament and the Pasadena Department of Public Health in the Championship Building in Pasadena, California on August 19, 2021 .
Robin Baker | AFP | Getty Images
The Vaccine Advisory Committee of the U.S. Food and Drug Administration is scheduled to meet on Friday to review data on Johnson & Johnson’s single-dose Covid vaccine booster and mixed and matched injections. The team unanimously recommended two doses of Moderna’s Covid vaccine for people 65 years and older and other vulnerable adults on Thursday. This non-binding decision will align Moderna’s guidelines with Pfizer’s third dose of vaccine. The FDA may make a final decision on the Moderna booster within a few days of consideration by the Centers for Disease Control and Prevention.
5. Virgin Galactic sinks 20% after delaying commercial services
Sir Richard Branson (left) in space with mission experts Sirisha Bandla and Beth Moses on July 11, 2021.
Virgin Galactic postponed the launch of its commercial space travel service until the fourth quarter of 2022. Richard Branson’s space company shares plunged 20% before the market. Virgin Galactic will begin refurbishing and improving its spacecraft and aircraft carriers this month instead of conducting the next space test. The company’s enhancement process is expected to take 8 to 10 months, which makes mid-2022 the earliest time for Unity 23 space flight. Last month, the Federal Aviation Administration approved Virgin Galactic’s return to flight after investigating the July space flight with Branson.
If you want to know more about business please go to https://updatednews24.com/category/business/