From The Rio Times · Diego Fernández · · 1m 20s
S&P 500 Gains 0.6% as Dollar Holds Steady
S&P 500 rises 0.58% as dollar stays flat amid high US yields.
In brief
S&P 500 rises 0.58% as dollar stays flat amid high US yields. S&P 500 gains 0.58% to 7,757 while US 10-year yield holds above 5% at 5.129%. Originally reported by The Rio Times.
Market Reports
S&P 500 rises 0.58% to 7,757 on Wednesday.
Gold Holds Steady
Gold rises 0.28% to US$4,126 an ounce.
US Yields Stay High
US 10-year Treasury yield holds above 5% at 5.129%.
UK Inflation Rises
UK inflation rises to 3.5% in September, above forecast.
Brazil Inflation Report
Brazil’s IPCA-15 inflation report due Friday with 0.4%-0.5% forecast.
Prediction Markets
Polymarket traders bet 87.5% chance Fed leaves rates unchanged.
Wall Street Rallies
S&P 500 up 0.58%, Dow up 0.69%, Nasdaq up 1.05%.
Dollar Index Flat
Dollar index barely moves at 101.647, pressure on Brazil’s real.
Gold Defies Yields
Gold rises despite US 10-year yield above 5%.
Fed Policy Outlook
Traders expect Fed to tolerate slower growth rather than inflation.
Brazil’s Tightrope
Brazil’s IPCA-15 report due Friday with Selic under scrutiny.
Key Data Ahead
Brazil’s National Monetary Council meeting today and IPCA-15 report Friday.
What to Watch
US flash PMIs and Fed decision on 28 October key for markets.
Market Assessment
Rally holds but yields cap upside for tech stocks.
Here's the gist
S&P 500 gains 0.58% to 7,757 while US 10-year yield holds above 5% at 5.129%.
