Global Markets: First evacuees leave Gaza

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Published: November 1, 2023

By MarketsFarm

 

WINNIPEG, Nov. 1 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally.

 

  • Seriously injured Palestinians and foreign passport holders were allowed to leave Gaza for the first time in over three weeks after a deal was reached between Egypt, Israel and Hamas allowing passage through the Rafah border crossing. The evacuation came as the conflict in the tiny enclave continued to result in many civilian casualties, according to reports. Israel confirmed Tuesday that it was behind an airstrike that killed dozens of people in the Jabalia refugee camp.
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  • Dozens of Afghans in Pakistan were detained and deported back to the Taliban led country as Pakistan institutes a new crackdown on illegal immigrants. An estimated two million Afghans are thought to be in Pakistan without proper documentation.

 

  • The United States Federal Reserve will make its next interest rate decision later Wednesday, with general expectations that the Fed will keep its key short-term interest rates unchanged. However, recent data suggests that there could still be room for another rate hike to curb inflation, and the financial markets will be following the Fed meetings closely for signs of there future intentions.

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