Thursday, 24 October 2024
The Mighty Headlines
Economics: US home sales fall to lowest September level since 2010
Business: Heathrow Airport reports record summer passenger numbers
Markets: Tokyo Metro IPO sees shares increase by 44 per cent
Foreign Affairs: South Korea warns of North Korea troops in Russia
Security and intelligence: US confirms Russian disinformation against Walz
Domestic politics: UK PM warns of Russian threat to global security
The Mighty Stats
FTSE = 8,258.64 (down 0.58 per cent at Wednesday close)
S&P500 = 5,797.42 (down 0.92 per cent at Wednesday close)
Nasdaq = 18,276.65 (down 1.6 per cent at Wednesday close)
CAC40 = 7,497.48 (down 0.5 per cent at Wednesday close)
£1 = $1.29 / €1.20
US swing states: Trump / Harris
Michigan 48 47.4 Trump +0.6
Pennsylvania 47.9 47.1 Trump +0.8
Wisconsin 48.1 48 Trump +0.1
Arizona 49.1 47.3 Trump +1.8
N. Carolina 48 47.6 Trump +0.4
Georgia 48.9 46.4 Trump +2.5
Nevada 47.8 46.9 Trump +0.9
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The Mighty Detail
Economics: In a sign of a potential slowdown in the US housing market, September home sales in the US fell to their lowest level since 2010. Around 3.8 million homes were sold at an annualised rate last month. The median value of a home also increased by 3 per cent in the year to date to $404,500. This represents the 15th annual increase in home prices.
Business: Heathrow Airport received a record 30.7 million passengers this summer. This brings the total number of people visiting the airport in the first nine months of this year to 63.1 million. The airport reported pre-tax profits of £350 million which compares to a £19 million loss at the same time last year.
Markets: The Tokyo Metro went public on the Tokyo Stock Exchange yesterday. The price of its shares increased by 45 per cent during trading. The listing represents Japan's biggest Initial Public Offering in 6 years and has reduced the national and local governments' stake in the company to 50 per cent.
Foreign Affairs: South Korea has warned that it may consider sending weapons to Ukraine in response to North Korea allegedly sending troops to Russia. South Korea is concerned that Russia could give North Korea military equipment in return for its troops. North Korea could then use this equipment against the South.
Security and intelligence: US intelligence has confirmed that a viral disinformation campaign against Democratic Vice-Presidential nominee, Tim Walz, has been linked to Russian disinformation operations. The Office of the Director of National Intelligence also said that Russia was also spreading disinformation to sow divisions ahead of the election and may seek to encourage violence after election day.
Domestic politics: The UK Prime Minister has warned that Russia's threat to global security is accelerating. Sir Keir Starmer spoke following Russian strikes on Ukrainian ports in the Black Sea and on ships in the Black Sea. The strikes are preventing UN World Food Programme deliveries destined for Palestine and southern Africa from being made.
The Mighty Calendar
What’s happening today?
UK Prime Minister visits Samoa for Commonwealth Heads of Government Meeting
G20 Finance Ministers meeting, Washington D.C.
French Government holds International Conference on Lebanon in Paris
Cabinet Office Questions in UK Parliament
UK Housing and Local Government Secretary addresses Local Government Association
UK, France, Germany and Eurozone manufacturing and services growth data (October)
United States employment data (weekly)
Company results from: Barclays, Renault, Unilever, American Airlines, Unicredit, Fujitsu
Lookahead to tomorrow
England Women’s Football team play Germany Women’s Football team, Wembley
Presidential election on Kiribati (Pacific island nation)
France and Italy consumer confidence data (October 2024)
Spain unemployment data (Q3 2024)
Canada retail sales data (August)
Canada manufacturing sales data (September)
Singapore industrial production data (September)
Company results from: NatWest
The Mighty Finale
🌤️Weather today
Sunshine in London today! High of 17oC and low of 11oC. Light rain in Belfast and a mixture of cloud and sun in Edinburgh.
✏️Life coaching quote of the day
“People who ask confidently get more than those who are hesitant and uncertain. When you've figured out what you want to ask for, do it with certainty, boldness and confidence.” – Jack Canfield, motivational speaker
Mighty takeaway: What are you waiting to ask for? Take action to get it!
That’s about it for this Thursday. Enjoy today and make the most out of the day!
Cheerio!
The Mighty Memo team