Monday, October 21.10
The week began with optimism in the markets, fueled by weaker-than-expected inflation data from the Eurozone. Investors hoped this might prompt the European Central Bank to slow down its interest rate hikes. In the US, tech stocks rallied after Amazon reported strong earnings.
Tuesday, October 22.10
Focus shifted to the US, where the Federal Reserve signaled its willingness to continue raising interest rates to combat inflation. This led to a decline in US stock markets. In Europe, German inflation slowed in October, raising hopes for a less aggressive monetary policy stance from the ECB.
Wednesday, October 23.10
Asian markets traded mixed, following weaker-than-expected economic growth data from China. In Europe, the UK government announced a new package of measures to support households and businesses struggling with high energy prices.
Thursday, October 24.10
US tech stocks rebounded from last week’s decline, supported by strong earnings from companies like Apple and Microsoft. In Europe, the European Commission forecast that the Eurozone economy will grow by 0.8% in 2024, lower than previous projections.
Friday, October 25.10
The week ended with cautious optimism in the markets. US inflation slowed in October, reaching its lowest level in 18 months. This fueled hopes that the Federal Reserve might slow down its interest rate hikes. In Asia, the Bank of Japan kept interest rates unchanged but signaled its readiness to take further measures to support the economy.