Markets react positively to President Trump’s trade comments, with focus shifting to key upcoming economic events including China’s GDP and the U.S. CPI report amid a government shutdown.
Wall Street ended higher on October 18, bolstered by easing trade tensions following President Trump’s comments and a recovery in regional bank stocks. The market’s attention is now on significant upcoming events, including China’s Q3 GDP, U.S. leading indicators, and the Federal Reserve’s conference on stablecoins and AI. Investors are particularly focused on the release of U.S. September CPI data amidst the ongoing government shutdown, with expectations of a 25-basis point rate cut by the Fed at its upcoming meeting.