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Post by : Sameer Farouq
Despite the U.S. government entering a shutdown, global stock markets have continued their upward trajectory. Investors remain optimistic, buoyed by expectations of further interest rate cuts by the Federal Reserve. The S&P 500 and other major indices have reached new record highs, reflecting confidence in the market's resilience.
The U.S. dollar has stabilized, ending the third quarter with a 1% gain against major currencies. However, it remains down approximately 10% for the year. Analysts suggest that a prolonged government shutdown could further weaken the dollar, potentially benefiting currencies like the yen and euro.
The corporate earnings season is underway, with companies such as Delta Air Lines and Levi Strauss reporting their results. Investors are closely monitoring these reports for insights into the health of the economy and corporate profitability. Major banks are expected to release their earnings next week, which could provide further direction for the markets.
Oil prices remain under pressure due to concerns over oversupply. OPEC+ is considering easing output cuts to address these concerns, but any changes could impact global oil prices and market dynamics.
Gold prices have surged to record levels, driven by geopolitical risks and uncertainties surrounding U.S. fiscal policies. HSBC analysts predict that gold could trade above $4,000 per ounce in the near term, supported by strong institutional demand and official sector buying.
Disclaimer: This article is based on information available as of October 3, 2025. The situation is subject to change as developments occur. Readers are advised to consult official sources for the most current information.
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