“On October 24th, the American financial markets experienced a diverse performance. The FT index concluded with a 0.17% loss, while the Dow Jones recorded a 0.6% decline. In contrast, the Nasdaq broke its three-day negative trend, registering a 0.30% gain.
Throughout the night, Asian markets displayed mixed results. Notable movements included a 0.20% increase for Nike, a 1.12% rise in the South Korean market, and an 0.8% uptick in Shanghai. On the flip side, Hong Kong was the sole market in negative territory.
In the European market, we observed a relatively stable situation characterized by modest gains and limited volatility. Major European markets showed positive trends this morning, with American futures also pointing upward. Notably, the Nasdaq index stood out with a 0.65% increase.
Market dynamics were strongly influenced by Treasury EE Learnings, which are nearing the corporate earnings season. Specifically, the ten-year Treasury rate retreated to 4.80% after reaching 5% on the previous Friday.
The two-year Treasury rate also decreased to 0.05%, down from its previous peak of 5.20% the week before. These shifts had a significant impact on the exchange rate, as the euro reached its highest levels against the dollar in recent months, surpassing 1.0650—a level not seen since late September.
There’s a sense of optimism as we await earnings reports scheduled for release this week. Today, we’ll see earnings announcements prior to the market’s opening, and later in the day, earnings reports from major companies such as Microsoft, Google, and Visa. These are key players, and in general, a multitude of quarterly reports will provide a comprehensive overview of the performance of American companies
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