Home » Market Daily Watch » Markets Update – TradexSys DailyWatch – 13/10/2023

Markets Update – TradexSys DailyWatch – 13/10/2023

Good morning, today is Friday, October 13th, and the second week of October is coming to an end. Yesterday, the American markets closed in the red, with the Nasdaq losing 0.40%, the Dow Jones 0.51%, and the S&P 0.62%. This decline was caused by the CPI data, which came in slightly worse than expected. The Consumer Price Index rose by 0.4% on a monthly basis and 3.7% on an annual basis. However, the most significant indicator is the core CPI, which excludes the energy and food sectors and is closely monitored by the Federal Reserve for monetary policy decisions. This indicator fell slightly below expectations.

The price of oil remained stable, with a 0.1% increase on a monthly basis and a 4.1% increase on an annual basis, in line with predictions. However, the increase in prices in the energy and food sectors was slightly higher than expected, with a 0.1% increase on a monthly basis and a 3.6% increase on an annual basis. This led to limited sales in the markets, resulting in a loss of about half a percentage point in the major indices.

Today, the markets are in slightly positive territory, without major fluctuations. The Dollar has strengthened against the Euro, dropping from 1.620 to 1.530, although it is showing a slight recovery this morning. The bond market reacted to the inflation data, with the yield on the ten-year Treasury rising above 4.70% yesterday and now retracing to 4.65%. The two-year Treasury yield also rose above the 5% psychological threshold.

Overall, Asian markets had a challenging night due to data on Chinese exports, imports, and inflation, highlighting the fragility of the Chinese economy. Chinese exports fell by 6.2% on an annual basis, and imports declined by 6%. These figures reflect a growing fragility in the global economy.

The CPI remained unchanged, and the Consumer Price Index even dropped to 2.4% on an annual basis. Asian stock markets are all in the red, with Shanghai down by 0.64% and the Korean index down by 0.95%. European stock markets are in slightly positive territory, but without significant movements.

Today, there are no particularly significant economic data expected, but it marks the start of the quarterly earnings season, with JP Morgan, Blackrock, and Wells Fargo among the major American banks set to release their results. It is expected that these banks will report losses related to the decrease in the value of assets due to declining yields. Additionally, United Group, one of the top capitalized companies in the United States, will publish its results. We will closely follow these developments and provide further updates on Monday. Thank you for your attention.


Welcome to Tradexsys, your trusted resource for the world of trading. We are passionate about trading and offer a wide range of educational content and tools to help you succeed in the financial markets.

Our trading strategies encompass a variety of approaches, including discretionary and systematic trading. If you are a trader who prefers to make decisions based on technical and fundamental analysis, you will find a wealth of resources to enhance your discretionary strategy. On the other hand, if you are interested in using advanced software like Tradestation and Multicharts to create automated strategies, we are here to guide you through the process.

In addition to strategies, we also provide daily updates on the financial markets. Stay informed about the latest news, market analysis, and trading opportunities. Our goal is to assist you in making informed decisions and maximizing your profit potential.

We are passionate about sharing our knowledge and helping you grow as a trader. Browse our website and explore all the educational content, free market update videos, and trading resources. We are here for you every step of your journey in the world of trading.

Scroll to Top