Market News 3/10

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☀️Good Monday, everyone! New month – new trading opportunities! In the following post share the most important market updates you need to pay attention to.

📉Stocks of the Swiss bank Credit Suisse fell around 10% in early trading amid speculation about the group's financial instability. Spreads of the bank's credit default swaps, which provide investors with protection against financial risks such as default, rose sharply Friday. The attempts of Credit Suisse's CEO Ulrich Koerner to calm down the market failed, as everyone awaits the company's restructuring program due to be announced on October 27. The bank's bankruptcy will harm risky assets.

⛔️The British Prime Minister Liz Truss will postpone the 45 points tax cut because of the critics from the Conservative party. Meanwhile, the unnamed member of the parliamentary Conservative party reportedly submitted a letter calling for Liz Truss's confidence vote. Meanwhile, the British pound stabilized above 1.12 against the USD.

🚗Tesla's supplies in September were lower than forecasts amid logistic problems. As a result, Tesla's stock is down 5%.

🛢OPEC plans substantial oil production cuts to support the oil prices. Don't forget that OPEC will hold a meeting on October 5.

💸October is believed to be the start of the traditional Santa's rally, remembers Goldman Sachs. For now, S&P500 is trading near 3500.

❗️Gold, US Dollar, stock indices, and Bitcoin await the end of the week, with Nonfarm payrolls coming out on Friday. Analysts refer to this event as the most significant in the market.
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Key events today:

US ISM Manufacturing PMI - 17:00 GMT 3
FOMC Closed Meeting - 18:30 GMT 3
 #ChươngTrìnhThủLĩnhÝTưởng# 

 #OPINIONLEADER#