US stocks reach new highs, positive earnings, ongoing clashes in Middle East.

From Investing.com: 2024-10-15 05:13:00

US assets enjoyed a strong session with stock indices reaching new highs, despite the bond market being closed for Columbus Day. Earnings season is underway, but positive figures do not justify the aggressive risk-on reaction. Daily clashes between Israel and Iran continue, Fedspeak remains dovish, and next CPI report will reveal inflation trend. Gold and oil have dropped, while Bitcoin tested September highs. UK data disappoints, with unemployment rate improving, but claimant count rising and average earnings lowering. Pound awaits Wednesday’s CPI report for November rate cut decision.



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