Monday, October 28
The week began with strong market optimism, driven by positive earnings reports from major tech companies. In the Eurozone, mixed inflation data led to speculation that the European Central Bank (ECB) might pause interest rate hikes sooner than expected. Meanwhile, the U.S. reported solid GDP growth for Q3, boosting investor confidence in the strength of the American economy.
Tuesday, October 29
Focus shifted to the U.S., where the Federal Reserve signaled continued caution regarding inflation, impacting Wall Street stocks. In Europe, Germany’s economic sentiment index showed unexpected resilience, despite high inflation, giving hope that Europe might weather economic challenges better than anticipated.
Wednesday, October 30
Asian markets opened with gains as China announced targeted stimulus measures for its struggling property sector, improving investor sentiment. Meanwhile, in the UK, government inflation figures indicated a slight decline in October, providing some relief to households facing high living costs.
Thursday, October 31
U.S. tech stocks gained momentum, with positive earnings from companies such as Meta and Alphabet, signaling resilience in the sector. The ECB held its policy meeting, choosing to keep rates steady but leaving room for adjustments depending on inflation developments.
Friday, November 1
The week ended on a positive note as the U.S. reported its lowest unemployment rate in months, boosting market sentiment. Asian markets were also up as Japan’s central bank announced continued support for economic growth, though inflation remains a concern.