- Bonds and stocks both fell as investors closely monitored diplomatic efforts to stop the Israel-Hamas conflict, including US President Joe Biden's planned trip to the area.
- US equity futures contracts decreased by approximately 0.3% as traders evaluated a flurry of significant earnings. After beating projections for net interest income, Bank of America increased in the premarket. As a result of its findings, which showed a rise in trading income but a decline in profit, Goldman Sachs fluctuated. After raising its revenue projection, Johnson & Johnson increased.
- The benchmark US 10-year yield increased six basis points to 4.8%. The pound dropped as UK wage growth slowed, easing pressure on the Bank of England to boost interest rates further. The dollar held steady. After falling past 4 against the dollar on Monday, the Israeli shekel rose today. Brent crude oil was trading at about $90 per barrel.
- In an effort to support the US's closest friend in the Middle East and stop the violence from spreading to other parts of the region, Biden will visit Israel on Wednesday. After that, he will travel to Jordan to meet with King Abdullah II, the presidents of Egypt and the Palestinian Authority.
- UK ONS: In September 2023, 11,000 fewer people were in payrolled employment when compared with August 2023.
- BoE's Dhingra: The terms of trade crisis is the biggest since the 1970s.
