The US stock market continues to post a moderate gain year to date, in large part due to strong sector performances in the communications services and technology sectors. Both slices of the market are still enjoying red-hot gains in 2023 through yesterday’s close (Oct. 30), based on a set of ETFs.
Daily Archives: October 31, 2023
Macro Briefing: 31 October 2023
* UAW reaches deal to end autoworkers strike
* China manufacturing sector contracts in October
* German economy shrank in the third quarter–a warning sign for Europe
* Eurozone inflation declines to 2-year low in October
* US commercial real-estate lending falling to historically low levels
* Manufacturing recovery in Texas continues in October, Dallas Fed reports
* Oil could soar to $150/bbl if Middle East conflict intensifies: World Bank
