US futures are indicating a flat open after yesterday’s rally. European equity markets are trading mixed, while Asian markets finished mostly higher. Despite rising focus remains on dampened rate volatility, and the VIX is continuing to retreat. Today's $39B 10-year auction was weaker, with the lowest dealer participation since 2018. However, concerns persist regarding the Federal Reserve's hawkish outlook, geopolitical tensions, rising oil prices, and election uncertainty. The September FOMC minutes showed broad support for a 50 bp rate cut, with most agreeing inflation risks have eased, though employment risks have increased.
Companies Mentioned: GXO Logistics, San Miguel, Metro (TSX:MRU) Pacific Investments