Stocks dip as investors mull Trump-Xi deal, cautious BOJ dents yen

Global stock markets experienced a rollercoaster ride on October 30th, as investors reacted to the Trump-Xi trade deal and corporate earnings. Despite the trade truce, markets wobbled due to concerns about its longevity. Tech giants Microsoft and Meta saw their shares drop after missing earnings expectations. The dollar fluctuated against major currencies, with the U.S. Federal Reserve cutting interest rates but signaling no further cuts. The Bank of Japan hinted at possible rate hikes, causing the yen to slide. Central banks' future actions remain uncertain, with the Fed's data-light situation due to the U.S. government shutdown. Gold prices surged as a safe haven, while U.S. stock futures showed some optimism. All eyes are on central banks and trade headlines in the coming days.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.