Israel-Hamas War, Day 27: IDF's Ground Incursion In Gaza Intensifies, Iran Accuses US Of Being 'Main Cause' Of Crimes
Portfolio Pulse from Piero Cingari
The ongoing Israel-Hamas conflict has intensified, with concerns raised over potential war crimes due to civilian casualties and destruction. The US has been accused by Iran of being the 'main cause' of crimes in Palestine. Bahrain has suspended all economic relations with Israel. Market reactions reflect the Federal Reserve's decisions and Chairman Jerome Powell's remarks. The US dollar index has declined, Treasury yields are down, and the US 10-Year Treasury Note ETF recorded a rally. Bitcoin is nearing the $36,000 mark, and futures contracts for major US stock indices show positive momentum.
November 02, 2023 | 1:28 pm
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POSITIVE IMPACT
Bitcoin (CRYPTO: BTC) is nearing the $36,000 mark, its highest point since May 2022, amid the ongoing Israel-Hamas conflict and market reactions to the Federal Reserve's decisions.
The ongoing conflict and market reactions to the Federal Reserve's decisions have likely contributed to Bitcoin's rise, as investors may be seeking alternative assets during times of uncertainty.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
The US 10-Year Treasury Note ETF (NASDAQ:UTEN) recorded an 0.84% rally in value amid the ongoing Israel-Hamas conflict and market reactions to the Federal Reserve's decisions.
The ongoing conflict and market reactions to the Federal Reserve's decisions have led to an increased demand for bonds, resulting in a rally in the value of the US 10-Year Treasury Note ETF.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80