Web Trader MT5 
U.S. stocks ended the previous week higher, supported by early strength in Q3 earnings and growing expectations for another 25-basis-point Fed rate cut at the late October meeting. Dow Jones closed 2.16% higher at 46,226. Nasdaq 100 gained 3.59% to end the week at 24,863. And S&P500 rose 2.48% to 6,672.
In early trading today, U.S. stock futures rose slightly as investors are preparing for a busy week featuring major corporate earnings and key inflation data. The ongoing U.S. government shutdown, now in its fourth week, continues to raise concerns over delayed data releases and potential short-term impacts on GDP growth, though the effect is likely to be temporary. Investors will pay close attention to CPI inflation numbers on Friday.
In the forex market, EUR/USD started the week positively as the pair rose 0.15% since the market opened. This follows a 0.25% rise last week as the dollar weakened. The Dollar Index (DXY) Fell 0.4 last week amid trade concerns and Fed easing expectations. The yen and Swiss franc gained 0.38% and 0.75% respectively.
And in the Asian market, China’s economy grew 4.8% on a yearly basis in Q3, its slowest pace in a year but still in line with expectations, as the ongoing property sector slump continued to weigh on growth. Industrial production grew 6.5% in September, beating expectations, driven by manufacturing strength. However, retail sales increased only 3%, down from 3.4% in August, suggesting weak consumer momentum.
Core inflation rose at its fastest pace since early 2024, but headline CPI fell 0.3%, showing persistent deflationary pressure. China’s central bank kept its benchmark lending rates unchanged for the sixth straight month at 3% for the 1-year rate and 3.5% for the 5-year rate.
Gold experienced mild bearish correction on Friday as the price of an ounce dropped 1.75% to $4,250 after reaching a record high at $4,380. Overall, the precious metal was still up 6.27% last week, its 9th consecutive week of gains. Silver’s drop on Friday was more pronounced as prices fell 4.37% after reaching another record high at $54.46. Prices are likely to face some fluctuations as investors await inflation data this week.
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