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US equities rebounded on Tuesday, supported by lower bond yields and positive earnings reports after a challenging October. Small-cap and cyclical sectors performed well, with the S&P 500 up 0.7% for the day but down 2.2% for the month, the Dow Jones gaining 0.4% while falling 1.4% in October, and the Nasdaq Composite rising by 0.5% but remaining 2.8% lower for the month. European equities also saw gains yesterday, influenced by lower Eurozone inflation and an unexpected GDP contraction, signalling a cautious monetary policy approach by the European Central Bank, while the Euro Stoxx 50 Index had its weakest monthly performance since September 2022.
Summary for 01.11.2023
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