Global Markets React to Gaza Ceasefire, UK Housing Uptick, and Tech-Driven Rally

Geopolitical Developments - Israel and Hamas have reportedly signed a full ceasefire agreement, set to commence across the Gaza Strip on October 9 at 12 PM EEST [2][10] Economic Indicators - The UK's RICS House Price Balance for September improved to -15%, exceeding expectations of -18% and indicating a modest recovery in the housing market [3][10] U.S. Stock Market Performance - U.S. equities, specifically the S&P 500 and Nasdaq, closed higher, driven by strong performance in the technology sector, with Nvidia (NVDA) leading gains due to robust AI demand [4][10] Corporate News - Australian quick-service restaurant chain Guzman y Gomez (GYG) reaffirmed its guidance and announced a $100 million share buyback program, expected to support stock performance [5][10] - Hitachi (HTHIY) is leveraging Nvidia's AI technology to enhance its elevator inspection processes, aiming to improve efficiency and reduce staffing needs [8][10] Trade Relations - U.S. Commerce Secretary Howard Lutnick dismissed prospects of a comprehensive auto deal between the U.S. and Canada, while the Trump administration clarified there are no plans for tariffs on generic drugs [6][10] Currency Movements - The Canadian dollar maintained a sideways trading pattern as investors awaited a key domestic jobs report, influenced by a recent U.S. Federal Reserve rate cut and weaker Canadian trade data [7][10]