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Market Update 01/11/2024

Equity markets sold-off and bond yields increased as investors grew more cautious with the upcoming US election. The S&P 500 dropped 1.6%, the Dow fell 0.6% and the Nasdaq declined by 2.6% amid disappointing earnings results. In Europe, the Euro Stoxx 50 decreased by 1.2% and the FTSE 100 was down 0.6%. Meanwhile, the yield on the US 10-year Treasury dipped by 3.2 bps to 4.27%.