On October 10, U.S. stocks continued their upward trend following the release of the Federal Reserve meeting minutes. The S&P 500 index increased by 0.5%, demonstrating strong market sentiment. The Dow Jones rose by 0.9%, reflecting investor confidence, while the Nasdaq climbed by 0.38%, indicating technology sector resilience.
In the foreign exchange market, the USD/JPY experienced a short-term rise of 10 points, reaching 149.25 before settling at 149.23, marking a 0.7% increase. This uptick in the USD/JPY reflects the ongoing market adjustments influenced by Federal Reserve policies. Meanwhile, the EUR/USD saw minimal changes, declining by 0.37% to 1.0939 during the day, underscoring the dollar's strength against the euro.
Additionally, the yield on the U.S. two-year Treasury bond slightly decreased to 4.011%, which could suggest shifting investor expectations regarding future interest rate adjustments. Overall, the market's positive response to the Federal Reserve's insights indicates a robust economic outlook, further supported by the recent employment data and inflation figures..