Market Report Oct 10 2023

On Monday, equities rebounded from initial setbacks to register modest advances. Both the S&P and the Nasdaq reached their highest levels in two weeks, while the Dow Jones Industrial Average achieved a one-week peak.

The commencement of the trading week saw a downturn, fueled by escalating geopolitical tensions with Hamas and Israel during the weekend. This seemed to have led to a surge in European government bond yields as investors flocked towards security. The U.S. Treasury market was shut on Monday for Columbus Day.

Market participants may likely adopt a cautious stance, awaiting the release of PPI and CPI data before executing significant investment moves.

Our book performed quite well to start the week off.

Javid Shaik

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