Israeli soldiers gather on and around a tank near Israel's border with the Gaza Strip, in southern IsraelA nervous watch has gripped markets as Israel prepares to roll troops into Gaza and worries mount that the conflict with Hamas will spill across borders. Iran in particular has warned of a regional escalation if attacks on Palestinians continue.
U.S. Secretary of State Antony Blinken was on the ground in the Middle East and President Joe Biden on the phone to help soothe tensions. The ECB's next decision is due on Oct. 26, and there is plenty of room for more hawkish market pricing on interest rates, since investors had become convinced that hikes were done and a first rate cut would be coming by the middle of next year.
The U.S. also has retail sales data on Tuesday, along with more bank earnings, including Goldman Sachs on the same day and Morgan Stanley on Wednesday.Super-rich Americans are now giving up on the stock market, holding historic levels of cash — here's why and what they're plowing their wealth into instead
Default risks loom for nearly $2 trillion of junk-rated debt as US companies hit with higher interest rates