Awaiting the winner of the looming election in Brazil is an economy increasingly constrained by soaring debt at every level, from consumers to corporations and the government itself.
MARKETS AWAIT EARNINGS FROM MORE THAN 70 S&P 500 COMPANIES, INCLUDING TESLA AND META, AMID CONCERNS OVER AI SPENDING RETURNS AND PERSISTENT INFLATION. US 10-YEAR TREASURY YIELDS HELD AT 5.06%, WHILE GOLD ROSE TO AROUND $4,175 AN OUNCE AS EXPECTATIONS FOR AN IMMINENT FED RATE HIKE EASED.
INVESTORS AWAIT US EARNINGS AND WEDNESDAY’S CPI REPORT, WITH S&P 500 THIRD-QUARTER PROFITS EXPECTED TO RISE 25% YEAR OVER YEAR. BRENT CRUDE FELL 0.8% TO $105.80/BARREL, GOLD SLIPPED 0.2% TO $4,164.90/OZ AND BITCOIN DROPPED 1.9% TO $81,373, WHILE THE 10-YEAR US TREASURY YIELD EASED TO 5.22%.