Your Daily Market Brief

October 30, 2026

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Market Wrap: Stocks, Bonds, Commodities

On Thursday, U.S. stocks closed lower as Alphabet's weaker-than-expected quarterly results weighed on technology shares. The S&P 500 fell 23 points (-0.30%) to 7,720, the Nasdaq 100 dropped 410 points (-1.38%) to 29,402, and the Dow Jones declined 132 points (-0.25%) to 52,342.

The U.S. 10-year Treasury yield fell 6.6 basis points to 4.937%.

U.S. gross domestic product expanded 3.4% quarter-on-quarter in the third quarter, above the 3.2% forecast, while the core PCE price index rose 3.1% year-on-year in September, matching expectations.

Alphabet (GOOGL) fell 12.64% after its third-quarter results missed expectations and heavy AI spending raised concerns over cash burn and leverage.

Gen Digital (GEN) surged 15.81% after reporting fiscal second-quarter adjusted EPS of 0.74 dollars, above expectations.

Carvana (CVNA) jumped 15.68% after third-quarter revenue of 8.04 billion dollars beat the 7.71 billion dollars expected.

ServiceNow (NOW) tumbled 26.95% after missing third-quarter adjusted earnings expectations.

Marvell Technology (MRVL) fell 13.24% following reports that it was in advanced talks to acquire optical-components maker Lumentum in an all-stock transaction.

In after-hours trading, Amazon (AMZN) reported third-quarter EPS of 1.89 dollars, below market consensus. Intel (INTC) was under pressure after issuing weaker-than-expected fourth-quarter guidance. SanDisk (SNDK) reported better-than-expected first-quarter adjusted EPS of 49.51 dollars.

In Europe, the DAX 40 jumped 1.31%, the CAC 40 gained 1.05%, and the FTSE 100 rose 0.26%.

In the commodities market, spot gold fell 41 dollars (-1.01%) to 4,026 dollars an ounce. U.S. WTI crude oil futures (December) eased 0.78 dollars (-0.76%) to 102.00 dollars a barrel.

Market Wrap: Forex

The U.S. dollar weakened, with the Dollar Index declining 0.22% to 101.96.

EUR/USD gained 22 pips (+0.20%) to 1.1174. The European Central Bank kept its key interest rate unchanged as expected. President Christine Lagarde said she will step down in February 2027.

GBP/USD rose 54 pips (+0.41%) to 1.3379.

USD/JPY slipped 14 pips (-0.09%) to 157.68, and USD/CHF fell 35 pips (-0.42%) to 0.8244.

AUD/USD declined 24 pips (-0.34%) to 0.7029, and USD/CAD slipped 11 pips (-0.08%) to 1.3983.

Bitcoin fell 992 dollars (-1.22%) to 80,282 dollars.

Morning Trading

In Asian trading hours, Bitcoin tumbled as much as 4% to below 77,000 dollars before rebounding to 78,443 dollars. The sell-off followed Binance's confirmation of an estimated 6-billion-dollar security breach, while industry partners froze billions in compromised assets.

Meanwhile, USD/JPY fell to 157.50. The Bank of Japan kept its benchmark rate unchanged at 1.25% as expected. Japan's unemployment rate fell to 2.4% in September (vs 2.5% expected), while industrial production rose 2.2% month-on-month (vs +1.3% estimated) and retail sales dropped 0.7% (vs +0.6% expected).

On the other hand, AUD/USD held higher near 0.7036. Australia's producer price index rose 3.6% year-on-year in the third quarter, below the 4.5% expected.

EUR/USD and GBP/USD remained supported, trading at 1.1185 and 1.3384 respectively.

Spot gold slipped to 3,999 dollars an ounce.

Expected Today

In the eurozone, the unemployment rate is forecast to be unchanged at 6.4% in September. Gross domestic product is expected to ease to 1.1% year-on-year in the third quarter.

Germany's gross domestic product is projected to grow 1.1% year-on-year in the third quarter. Meanwhile, the inflation rate is forecast to ease to 3.0% year-on-year in October, while the unemployment rate is expected to hold steady at 6.4%.

France's gross domestic product is projected to grow 0.3% year-on-year in the third quarter. Also, the inflation rate is forecast to accelerate to 3.1% year-on-year in October, while the producer price index is anticipated to be up 5.4% year-on-year in September.

In the U.S., the Chicago Purchasing Managers' Index is expected to fall to 56.1 in October.

Canada's gross domestic product is forecast to edge up to 0.2% month-on-month in August.

Web TV from Trading Central

USD/JPY Intraday: Downside Prevails as Bank of Japan Holds Rate

On an intraday basis, USD/JPY remains bearish below the key resistance at 157.90.

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