Emerging Markets

On Thursday, October 19, the U.S. stock markets ended lower as treasury Yields continued to climb, with the 10-year note reaching its highest level in 16 years, approaching nearly 5%.

On Wednesday, October 18, the U.S. stock markets ended lower due to rising Treasury yields and investor assessments of recent corporate earnings and forecasts. Investors await Powell’s Speech at Economic Club of New York, amidst recent strong U.S. data.

On Tuesday, October 17, the U.S. stock markets closed mixed, reflecting strong economic data and robust Q3 earnings, hinting at a prolonged tight monetary policy by the Federal Reserve. U.S. retail sales increased by 0.7% in September, surpassing estimates of a 0.3% rise, while U.S. industrial production saw a 0.3% monthly gain in September, exceeding market expectations.

On Friday, October 13, the U.S. stock markets closed mixed as declining consumer confidence and Middle East tensions overshadowed positive earnings from major U.S. banks. Major Wall Street banks kicked off the third quarter earnings season.       

On Thursday, October 13, the U.S. stock markets closed in red, affected by rising bond yields following a U.S. Treasury auction and data indicating a higher-than-expected increase in September consumer price. The benchmark yield surged to 4.728%, reversing the declines observed over the last two days. U.S. inflation for September was 3.7%, slightly above the expected 3.6%. 

On Wednesday, October 11, the U.S. stock markets closed in the green, marking a four-day winning streak. Investors are keenly awaiting the consumer inflation data for September, a critical factor that could influence the Federal Reserve’s impending decision on whether to increase or decrease interest rates.

On Tuesday, October 10, U.S. stock markets closed higher, driven by declining yields across various maturities, including a drop in the 10-year yield to 4.652%. The majority of the S&P 500 sectors ended positive, with utilities, materials, consumer discretionary, and consumer staples leading the gains. In contrast, energy stocks slightly declined.