Friday

• US consumer sentiment was little changed in October, edging from 55.1 to 55, as Americans remained concerned about jobs and inflation. Sentiment is still 22% lower than a year ago.
• Silver briefly topped $51 an ounce as a historic squeeze hit London, with one-month borrowing costs soaring to an annualized 35%.
• The dollar’s rebound is challenging this year’s popular bearish bets. Despite the ongoing US government shutdown, the greenback is near a two-month high, and hedge funds are adding options wagers that its rally will extend through year-end.

Thursday

• Gold reached historic levels above $4,000 per ounce while silver breached $50 for the first time since 1993. Federal Reserve meeting minutes revealed divisions among policymakers regarding future rate cuts ahead of the October 29 FOMC meeting.
• Delta Air Lines surged after beating profit expectations and raising guidance. Tesla faced NHTSA probe into its Full Self-Driving system over safety violations while copper hit $11,000 per ton amid supply disruptions.
• China announced expanded rare earth export restrictions ahead of expected Trump administration meetings. Bitcoin stabilized near $122,000 following cryptocurrency market liquidations.

Wednesday

• Markets faced volatility with the S&P 500 and Nifty ending lower after multi-day winning streaks, as investors engaged in profit-taking ahead of Q2 earnings season. Gold reached historic levels above $4,000 per ounce driven by US government shutdown concerns and global geopolitical tensions including political instability in France and Japan.
• The ongoing eight-day US government shutdown has delayed key economic data releases, forcing markets to rely on alternative indicators and Fed commentary for direction. Bitcoin touched new all-time highs near $126,000 before pulling back, with institutional interest remaining strong despite in long position liquidations.
• Currency markets saw significant moves with the US Dollar Index hitting two-month highs while the Japanese yen weakened to eight-month lows on dovish policy expectations. European markets traded higher despite BMW cutting guidance, while Asian markets closed mixed with China and South Korea remaining closed for holidays.

Tuesday

• U.S. stock markets opened with muted trading on October 7th, following record highs achieved the previous day by both the S&P 500 and Nasdaq indices. The Dow Jones rose marginally by 0.01%, while the S&P 500 and Nasdaq posted slight gains of 0.09% and 0.13% respectively.
• Gold reached a historic milestone, hitting $4,000 per ounce for the first time, driven by safe-haven demand amid the prolonged U.S. government shutdown. Cryptocurrency markets demonstrated strong momentum, with Bitcoin establishing a new all-time high above $125,000 while Ethereum approached $4,700.
• Corporate developments included AMD surging following its multi-billion dollar partnership with OpenAI for AI chip supply. Japan’s Nikkei 225 reached record levels following the election of Sanae Takaichi as the ruling party leader.

Monday

• Japan’s Nikkei 225 jumped nearly 5 percent to record highs following Sanae Takaichi’s victory in the ruling party leadership election. European markets traded lower amid political uncertainty after French Prime Minister Sebastien Lecornu resigned after less than a month in office.
• Brent crude oil jumped 1.78 percent to $65.68 per barrel following OPEC+ agreement to increase production by 137,000 barrels per day. Gold surged to record highs above $3,900 per ounce amid US government shutdown concerns and Federal Reserve rate cut expectations.