📆 Friday, October 13
► The global markets are trading mixed after a 4-days winning streak ended yesterday. Rising tensions in the Middle East, specifically concerning Israel-Gaza, paired with continued economic fragility in China and the returning concerns of rates to stay higher-for-longer keep markets volatile. Stock markets overall remain too strong given the current gloomy economic outlook and many uncertainties.
► In Europe, the Stoxx Europe 600, experienced a dip, although energy stocks provided some counterbalance as oil prices increased. A notable stock mover in the region is Ubisoft Entertainment, which advanced after receiving approval for Microsoft acquisition of Activision Blizzard. France also published it's inflation rate, which persisted at 4.9% YoY in September, aligning with market predictions, driven by a pronounced surge in energy prices and compensated by slowing food, services, and manufactured product prices. On a monthly basis, the CPI in France fell by 0.5% in September over the previous month.
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