Daily Summary: A positive start to the new trading week!

Wall Street gains at the beginning of the week, driven by initial company results and growing hopes of ending the rate hike cycle.

US500 and US100 gain over 1.0% by the end of Monday's session, while the dollar retreats, remaining one of the weaker currencies among developed countries.

European indices finished the first trading day of the week higher. The German DAX gained 0.34%, the British FTSE 100 gained 0.41%, and the Euro Stoxx 50 added 0.32%.

However, the Polish WIG20 index stole the spotlight in Europe, ending the session 5.31% higher intraday.

Trading volume in the market reached nearly 3.3 billion PLN, marking the third-highest reading in the history of the Warsaw Stock Exchange.

Philadelphia Fed President Patrick Harker stated that he believes the Federal Reserve can maintain the current interest rate level unless there's a significant shift in economic data.

Business confidence in Canada reached a post-pandemic low in the third quarter, according to a Bank of Canada survey.

Charles Schwab (SCHW.US) shares gained over 10%, marking the most significant intraday rise since July 2023, following their quarterly results announcement.

As reported by the Washington Post, the US and Venezuelan governments have agreed on an agreement to ease US sanctions imposed on the Venezuelan oil industry.

On October 30th, a Hong Kong court will hold a hearing on the liquidation of Evergrande, a request made by foreign creditors of the collapsing giant. The market sees this as a real risk of case closure, with negative implications for markets and banks.

Positive sentiment returned to the cryptocurrency market, with Bitcoin gaining 3.70% and leading the gains. Ethereum is up 1.25%.

Exceptional volatility was observed in the cryptocurrency market today due to speculation about Blackrock's ETH to BTC application approval by the SEC. These reports later turned out to be false, and Bitcoin retreated from levels close to 30,000 USD (+10%) back to 28,200 USD (+3.70%).