- Federal Reserve Unlikely to Raise Rates in November, Says Goldman Sachs: According to strategists at Goldman Sachs, the Federal Reserve is not expected to increase interest rates during its meeting scheduled for October 31 to November 1. However, they also anticipate that the U.S. central bank will revise its economic growth projections upward when policymakers convene next week.
- Weekly Performance of Major Indices: The performance of major stock indices for the week is as follows:Dow Jones Industrial Average Index: -0.34%NASDAQ 100 Index: -1.38%SPDR S&P 500 ETF Trust: -1%FTSE 100 Total Return Index: +2.73%
- Moody's Upgrades Greece's Rating to 'Ba1': Moody's has upgraded Greece's credit rating from 'Ba3' to 'Ba1,' positioning the country one step away from achieving investment-grade status. However, Moody's has simultaneously adjusted its outlook for Greece to stable. S&P is expected to announce its rating for Greece on October 20th.
- Surge in Uranium Prices: Uranium prices have surged to their highest level in 12 years, reflecting a global resurgence in nuclear power. Prices for this essential commodity, often referred to as "yellowcake," have risen by approximately 12%, reaching $65.50 per pound over the past month. This surpasses last year's peak and reaches levels not seen since 2011, according to data from UxC, a leading pricing data provider.
- Turkey's EU Candidacy: Turkey has officially held the status of a candidate to join the European Union for 24 years. However, accession talks have stalled in recent years due to the EU's concerns regarding human rights violations and respect for the rule of law in Turkey. President Erdogan, ahead of his trip to the United States, stated that the EU seems to be distancing itself from Turkey, and Turkey will assess these developments, potentially considering a parting of ways with the EU if necessary.
