September

Ally Financial stock rallies 20% to highest levels since September
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U.S. House passes $1.7 trillion bill funding federal government through September, sending it to Biden
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The bill provides $772.5 billion for discretionary programs and $858 billion in defense funding. It now goes to President Joe Biden to be signed into law.

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Mortgage refinance demand surged 6%, as rates dropped to the lowest level since September
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Mortgage applications to refinance a home loan jumped 6% last week from the previous week.

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Job openings surged in September despite Fed efforts to cool labor market
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Employment openings for the month totaled 10.72 million, well above the FactSet estimate of 9.85 million.

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Japan Industrial Production Slows in September as Carmakers Stall
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Australia September retail sales rise 0.6% as spending stays resilient
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Pending home sales fell 10% in September, much worse than expected
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Pending home sales suffered a worse decline than expected from August to September, as mortgage rates surged.

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Key inflation gauge for the Fed rose 0.5% in September, in line with expectations
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The core personal consumption expenditures price index increased 0.5% from the previous month and accelerated 5.1% over the past 12 months.

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