Israeli security look on as Muslim Palestinians take part in Friday Noon prayers in East Jerusalem neighborhood of Ras al-Amud, on October 20, 2023, following age restriction by Israeli police to above 50-year-old to worshippers wanting to access the Al-Aqsa Mosque compound , amid the ongoing battles between Israel and the Palestinian group Hamas. .
“Risk-off sentiment continues to grip European markets,” noted Victoria Scholar, head of investment at Interactive Investor, after losses for Asian stocks and on Thursday in the United States. Hamas carried out a deadly attack on Israel from the Gaza Strip on October 7, and killed at least 1,400 people, mostly civilians who were shot, mutilated or burned to death, according to Israeli officials.
On Thursday, Powell suggested decision-makers would not hike at their next meeting at the end of October but left the door open to more tightening down the line.