Forex

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.

On Monday, October 9, the U.S. stock markets closed higher despite the uncertainty caused by the Hamas-Israel conflict and a spike in oil prices. The announcement of the conflict incited a surge in oil prices due to supply anxieties. However, lenient comments from Federal Reserve officials helped reverse initial declines in stock indexes.

On Friday, October 6, the U.S. stock markets closed higher, reacting to a surprising increase in job creation last month, sparking renewed discussions on a potential Federal Reserve interest rate hike this year, despite slow wage growth.

On Wednesday, October 4, the U.S. stock markets ended higher, led by tech-focused Nasdaq Composite, influenced by the September private payrolls data rising below expectations. Private payrolls increased by 89,000 in September, significantly falling short of the anticipated 153,000 and down from 180,000 in August, as per the ADP and Moody’s Analytics report.