No landing scenario gains traction

The Market Screener

Global stock markets are currently a mixed bag as investors juggle robust U.S. employment figures with geopolitical jitters in the Middle East. Wall Street futures are looking gloomy, with the Nasdaq, Dow Jones, and S&P 500 all pointing downward. The U.S. jobs report for September was a blockbuster, with unemployment ticking down to 4.1% and job creation surpassing forecasts. The Federal Reserve's rate cut plans are now in flux, with expectations of a 25 basis point cut in November, down from the previously anticipated 50 basis points.