More upside for natural gas prices - Morgan Stanley

Wall Street closed with slight gains as investors reacted to economic data that supports expectations for a Federal Reserve interest rate cut. The market's performance reflects a cautious optimism amid ongoing economic assessments, particularly focusing on inflation indicators.

Morgan Stanley has revised its forecast for a Federal Reserve interest rate cut in December, now predicting a reduction of 25 basis points, a shift from its previous expectations. This change follows the release of strong jobs data, prompting the firm to reassess its earlier stance on monetary policy.

Skyharbour Resources has successfully raised C$2.1 million to fund its uranium exploration initiatives, a significant step in advancing its projects in the resource sector. This funding is expected to enhance the company's operational capabilities and exploration efforts in the uranium market.

U.S. consumer credit has unexpectedly declined, falling short of forecasts, which raises concerns about consumer spending and economic growth. This dip indicates a potential tightening of credit availability, impacting consumers' ability to finance purchases.

BioAge Labs has received an upgraded stock rating from Morgan Stanley, driven by promising data related to its BGE-102 product. This upgrade reflects confidence in the company's potential to advance its innovative therapies in the biotechnology sector.

Goldman Sachs Group Inc. and Morgan Stanley have enhanced the terms of a debt offering for Sevita Whole Health LLC after initial difficulties in selling a loan for the healthcare services firm. This adjustment reflects the banks' efforts to secure financing in a challenging market environment.

The Michigan Consumer Sentiment Index has shown an uptick, surpassing both forecasts and previous figures, indicating a growing optimism among consumers in the state. This positive shift reflects a potential increase in consumer spending, which is crucial for economic growth.

XCF Global's stock has seen a rise following the announcement of its second sustainable aviation fuel (SAF) production facility, indicating positive market sentiment towards the company's expansion efforts. This development is part of XCF Global's strategy to enhance its production capabilities in the growing SAF sector.