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Daily Market Update: US Markets Await More Earnings Data

US markets experienced another choppy day as investors awaited more earnings data to take a fresh gauge on the economy.

Treasury yields and the dollar pushed higher again with the dollar hitting a fresh 10-week high on the index, whilst Oil prices gained further ground as tensions in the Middle East remain high.

Gold continued to power higher, touching another new record level just under the $2,750 level.

The main calendar updates will again come in the later session of the day with the key Bank of Canada rate call due out early in the New York time zone before we are hit with US data and more central bank speakers.

Market	Change	Close
Dow	-0.02%	42,924
S&P	-0.05%	5,851
Nasdaq	+0.18%	18,573
USD	+0.08%	104.04
US Treasury – 2 Year	+1.0 bps	4.035%
US Treasury – 10 Year	+2.2 bps	4.204%
Oil – Brent	+2.2%	$75.90
Oil – WTI	+2.2%	$72.10
Gold	+0.9%	$2,746.69

Today’s Events (AEST):

Asian Session

All Day – BRICS Summit

US Session

12.45 am – Canada – Bank of Canada Rate Decision

1.00 am – EU – ECB President Christine LaGarde speaks

1.00 am – US – Existing Home Sales Data

1.30 am – Canada – Bank of Canada Press Conference

1.30 am – US – Crude Oil Inventory Data

Last Updated: October 23, 2024

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