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Market overview 2023-10-20

23.10.2023

In Friday's  trading in the absence of significant news, the U.S. stock market continued to decline in the main stock indices within 1.6 percentage points. On the "front row" is the news about the cost of the U.S. debt and continued military borrowing, creating additional strain. The volume of new borrowing is certainly not critical for the U.S. economy, but with the rising cost of servicing an already huge amount of debt and growing geopolitical concerns, it is a deterrent for buyers. On the other hand, neither gold nor oil quotes are showing dramatic growth, which means that market participants have not yet reached panic moods. In this situation, corporate reports are becoming an even more important news item and a lot of attention will be paid to them.