US President Biden: Will make sure Israel has what it needs to defend itself

Market news

18 October 2023

US President Biden: Will make sure Israel has what it needs to defend itself

On his arrival in Israel on Wednesday, US President Joe Biden said that the "US will make sure Israel has what it needs to defend itself."

Additional comments

Hamas has committed atrocities that make ISIS look more rational.

Gaza hospital explosion caused by "the other side".

Market reaction

Risk sentiment remains in a weaker spot so far this Wednesday but the US Dollar is unable to benefit from it amidst dovish Fed expectations. The US S&P 500 futures are down 0.13% on the day while the US Dollar Index loses 0.12% to trade around 106.15, as of writing.

CAD needs a vigilant BoC to be able to put up some resistance against USD – Commerzbank

European Monetary Union Construction Output w.d.a (YoY) down to -0.1% in August from previous 1%

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