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Market Update – October 31- October Ends!

Market Update – October 31- October Ends!

  • USDIndex – Although the market advanced slightly this morning, it remained below 1% 111.00 This week, the Fed is ahead Treasuries they were hammered into still Hot inflation numbers And Tight labor market conditions spooked bond holders and sparked heavy profit taking at week’s end. This morning, China’s In October, unexpectedly, factory activity declined in October JPY Retail sales beat, but consumer confidence and housing starts were significantly lower.  German Retail sales increased 0.9% m/m during September.
  • EUR – hovering around parity 1.0000.
  • JPY – further pressure at 147.90 BOJ decides to keep ultra low interest rates on Friday, despite disappointing retail sales this morning
  • GBP – Reverts to 1.1600 (75 bp increase from BOE on Wednesday)
  • Stocks – Steadied after closed largely in green last week. Guidance from megatech, including Amazon, Microsoft, And Meta, Earnings have generally outperformed, even though the bar is very low. Chevron & Exxon beat expectations. More revenue and better profit news Apple (up 7.6% Friday, Its largest daily rise since July 2020) has helped to boost investor sentiment today. FOMC After Wednesday’s support of 75 bps, we will not be able to increase our rates aggressively.
  • US30 It was the fourth consecutive week that it had been higher, and all markets were closed…

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