Global Economic Overview - 26/10/2023

NEWS AND MARKET COMMENTARY

Global Equities

• Nasdaq 100 Set for Worst Drop of 2023 as Yields Up
• European Stocks Close Mixed With Earnings in Focus; Deutsche Bank Up 8%

Global Fixed Income

• Bond-Market Crash: What it Means for Stocks, the Economy, Consumers
• US Yields Climb After Strong Home Sales Data, Soft Five-Year Auction

Currencies

• Dollar Up as Risk Sentiment Sours, Treasury Yields Rise
• Pound Sterling Remains Valuable as BoE Seems Done With Hiking Interest Rates

Energy

• Crude Oil Markets Stabilize
• US Likely to Tighten Sanctions on Iran Crude Oil Amid Israel-Hamas War, RBC’s Helima Croft Says

Metals

• Gold Markets Continue to Consolidate After Recent Run Higher
• Silver Continues to Hang Around the 50-Day EMA

Global Politics/News

• Asia Markets Mostly Extend Rebound; Australia Reports Higher-Than-Expected Inflation Figures
• Russia’s Shoigu Says Moscow Exhausting Ukrainian Army ?

Relevant Government Reports

World Agriculture Supply and Demand Estimates (WASDE)

USDA Agency Reports

Producer Price Index (PPI)

Consumer Price Index (CPI)

U.S. Treasury Report

Fed Report

EIA Reports

EIA Summary

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DISCLAIMER: The Information and data contained herein was obtained from sources deemed reliable. The accuracy and completeness are not guaranteed

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