Stock market indexes on Wall Street advanced and extended a five-week rally as investors bid up tech stocks. 

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Wall Street indexes are set to extend weekly gains to the fifth consecutive week as producer price inflation cooled in September.

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The latest consumer price inflation report suggested that the Fed's monetary policy is still not restrictive enough, and policymakers have not tamed inflationary forces.

Consumer price inflation eased in September, largely because of the persistent decline in energy prices. Core inflation edged unexpectedly higher. Initial weekly jobless claims rebounded to a 14-month high driven by increases in layoffs in Michigan and Hurricane Helena-linked losses. 

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Markets resumed their advance across the Atlantic as investors awaited the release of earnings. Fed policy meeting minutes showed that the committee members were divided about the size of the rate cut at its policy meeting in September.

Stocks were in no hurry to go anywhere ahead of the release of the Fed's policy meeting minutes. Investors remained positive before the start of the earnings season later this week.

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The Wall Street rebound gathered steam as tech stocks surged and investors awaited the earnings release from leading banks. China investors were disappointed after authorities failed to announce additional stimulus measures. 



Stocks on Wall Street rebounded, and bond yields hovered at five-week highs. Crude oil prices eased a little, but worries about a possible wider war in the Middle East persisted. 

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Selling on Wall Street intensified after the bond yields stayed at five-week highs in the U.S. and Europe amid a rapidly deteriorating situation in the Middle East. China markets are in focus as investors return after a week of holidays. 

The 10-year yield on the U.S. Treasury notes jumped above 4% for the first time in five weeks following the near 10% rebound in crude oil prices.

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Focus on Wall Street shifted away from the Middle East to the U.S. economy after nonfarm payrolls surged more than expected in September. Dockworkers called off strike after a tentative deal with the U.S. Maritime Alliance. 

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Crude oil soared 5% as Israel prepared to attack Iran that could target its oil infrastructure and escalated its offensive in Lebanon and Gaza. 

Stocks on Wall Street faced selling pressure as investors weighed the strength in the service sector in September with the fast-escalating tensions in the Middle East. 

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Growing risk of a wider war in the Middle East and the uncertainty of dockworker strikes on the East and Gulf coasts weighed on the market sentiment. Shigeru Ishiba, Japan's newly appointed prime minister, called for a general election. Hong Kong indexes extended the stimulus rally with gains of 25% over six consecutive sessions.



The prospect of a wider war in the Middle East and uncertainty related to port workers' strikes dented market sentiment and risk appetite. 

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