💵October Will Be The Best Month In 2 Years For US Dollar

Dollar's rise this month comes largely as markets increasingly bet on Trump winning the US presidential election

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⚡️Average US 30-year Mortgage Rates Rise For Four Weeks In A Row

Average interest rate on 30-year home loans increased 10 basis points last week to 6.54%. At the current average, monthly payments on a $600,000 mortgage would be approximately $3,808.

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🔼Palladium Price Increased By 10% And For The First Time In Ten Months Reached $1170/ounce

Market participants reacted to the US proposal to limit the export of palladium from Russia, which is the largest producer.

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⚡️Nvidia Shares Have More Than Doubled The Decline of 128 SP500 Stocks This Year

The company accounts for $2.2 trillion of the $9.3 trillion in SP500 capitalization growth this year

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🔼Spirit Airlines Shares Jump 15% On Company Plans To Sell Planes

Spirit Airlines intends to sell 23 old Airbus aircraft to GA Telesis, which is engaged in the maintenance of aircraft equipment. This measure will bring it $519 million.

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💵US Money Market Funds See Big Inflows As Election Approaches

Amid uncertainty surrounding the US presidential election and a revision to the Fed rate outlook, investors flocked to safe haven assets, leading to significant flows into money market funds in the week ending October 23

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🔽Newmont Shares Fall By The Most In More Than 25 Years

Shares of the world's largest gold mining company Newmont lost 16% due to disappointing earnings. The company did not meet analysts' expectations for either revenue or profit, despite gold prices breaking records.

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⚠️Boeing Questions The Future Of The Iconic Starliner Space Program

Boeing's new CEO, Kelly Ortberg, is evaluating the company's portfolio to raise funds, weed out underperforming units and save the company from crisis. A review of the Starliner program signals that Boeing may wind down or sell an operation marred by years of disruption with cost overruns and delays of more than $1.8 billion.

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📈 Shares of Deckers Outdoor, the maker of popular footwear brands like Hoka and Ugg, surged 10% after the company leapfrogged past estimates in its fiscal Q2 earnings report.

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🗓 Corporate Earnings Season Continues In the US

So far, 37% of SP500 companies have reported. Of these, 75% beat EPS expectations, below the 5-year average of 77% and on par with the 10-year average of 75%.

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🗓 KEY EVENTS THIS WEEK

⏺Monday, October 28
US - Dallas Fed Mfg Business Index

⏺Tuesday, October 29
US - Consumer Confidence

⏺Wednesday, October 30
Eurozone, US - GDP Q3

⏺Thursday, October 31
China - Manufacturing PMI
Bank of Japan - Rate Decision
Eurozone - CPI

⏺Friday, November 1
US, China - Manufacturing PMI
US - Non-Farm Payrolls

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⚡️Investors Are Buying Gold At Record Pace Since 2020

Over the past week, investments in gold ETFs increased by $3.2 billion, improving the previous week’s figure by 2.6 times.

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📉 Indian Rupee Hits Historic Low Against US Dollar

The rise in dollar and yields is due to the increased likelihood of Donald Trump winning the presidential election and stable US economic indicators.

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