Key Takeaways:
- The U.S. government shutdown and a thin data calendar kept investors cautious, prompting a mild pullback across Wall Street and commodities.
- A U.S.-brokered ceasefire between Israel and Gaza lifted regional sentiment, with President Trump calling it a “historic path to lasting peace.”
- Japan reaffirmed its alignment between fiscal and monetary goals, while European data showed resilience despite political uncertainty.
- Bitcoin eased toward 122,000 dollars and gold slipped below 4,000 dollars as markets consolidated ahead of the U.S. earnings season.
Geopolitics & Market Sentiment
On October 10, 2025, markets showed a cautious tone as Wall Street eased from record territory and gold cooled from recent highs, with investors weighing U.S. government shutdown and a thin data calendar against improving diplomatic signals in the Middle East.
On the diplomatic front, market sentiment was supported by a breakthrough in the Middle East. Israel and Gaza reached an agreement to end the two-year war in Gaza through a U.S.-brokered ceasefire and hostage exchange. The accord includes a phased Israeli withdrawal and the release of prisoners on both sides.
President Donald Trump called the deal a “historic path to lasting peace” as Israel’s cabinet prepared to ratify the agreement. The development brought relief across the region and added a measure of stability to global risk sentiment.
On the economic front, in Japan, newly elected Liberal Democratic Party leader Sanae Takaichi said that any decisions by the Bank of Japan must align with the government’s economic objectives. She stressed the importance of demand-driven inflation rather than cost-push price increases, indicating continued caution on monetary tightening.
In the United States, the average 30-year mortgage rate fell to 6.30% from 6.34% a week earlier, according to Freddie Mac. However, home buyers remained cautious, and pending home sales dropped 1.3% in September from a year earlier.
In Russia, central bank warned that higher gasoline prices, up more than 10% since January, are affecting inflation expectations ahead of its October 24 policy meeting. Meanwhile, the Bank of France maintained its third-quarter growth forecast of 0.3% despite political instability and weak manufacturing data.
Reacting to these developments, U.S. equities drifted lower ahead of the third-quarter earnings season as investors consolidated gains from recent highs, gold slipped below 4,000 dollars an ounce in its sharpest two-month decline, while silver extended gains above 51 dollars.
Furthermore, The dollar strengthened to a two-month high, and Treasury yields moved within a narrow range as traders remained cautious about policy and earnings visibility.
In Crypto, digital assets softened alongside global markets. Bitcoin slipped about 1.4 % to trade near 122,000 dollars, while Ethereum and Solana both declined. A firmer dollar and reduced risk appetite weighed on sentiment, and Bitcoin dominance rose slightly above 59%.
Price movements
Global Indices
- S&P 500 Index (SPX): 6,735.12 (−0.28%)
- Dow Jones Industrial Average (DJI): 46,358.42 (−0.52%)
- Nasdaq Composite Index (IXIC): 23,024.63 (−0.08%)
- Nikkei 225 Futures (NK2251!D): 48,520.0 (−0.57%)
- FTSE UK 100 (FTSE): 9,505.5 (+0.07%)
Cryptocurrencies
- Bitcoin (BTCUSD): 121,643 (−1.38%)
- Ethereum (ETHUSDT): 4,371.45 (−3.41%)
- Binance Coin (BNBUSDT): 1,255.32 (−3.98%)
- Solana (SOLUSDT): 220.84 (−3.63%)
- BTC Dominance (BTC.D): 59.31% (+0.51%)
Major Stocks
- Nvidia (NVDA): 192.57 (+1.83%)
- Tesla (TSLA): 435.54 (−0.72%)
- Microsoft (MSFT): 522.40 (−0.47%)
- Meta Platforms (META): 733.51 (+2.18%)
- Apple (AAPL): 254.04 (−1.56%)
- Amazon (AMZN): 227.74 (+1.12%)
Commodities
- Silver (XAGUSD): 49.276 (+0.14%)
- Gold (XAUUSD): 3,972.25 (−0.07%)
- WTI Crude Oil (USOIL): 61.49 (−0.03%)
- Brent Crude Oil (BRENT3!): 68.17 (−3.68%)
Forex
- U.S. Dollar Index (DXY): 99.036 (+0.59%)
- EUR/USD: 1.15627 (−0.01%)
- GBP/USD: 1.32986 (+0.03%)
- USD/JPY: 153.068 (+0.02%)
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