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Market index 332.3 vs 338.7 prior Purchase index 163.3 vs 164.3 prior Refinance index 1290.8 vs 1327.8 prior 30-year mortgage rate 6.31% vs 6.30% prior This is never a market moving release. Mortgage applications are generally inversely correlated to mortgage rates. This article was written by Giuseppe Dellamotta at investinglive.com.

Prior was -32K (revised to -29K) Details Goods producing +9K vs -3K prior Service providing +33K vs -28K prior Trade/transportation/utilities +47K vs -7K prior Leisure/hospitality -6K vs -19K prior Median pay for job stayers 4.5% vs 4.5% prior Median pay for job changers 6.7% vs 6.6% prior The market started to feel better about jobs

Advanced Micro Devices (AMD) third-quarter 2025 results. Advanced Micro Devices reported third-quarter adjusted earnings of $1.20 per share, ahead of the $1.17 consensus estimate, as robust data-center and AI chip demand helped offset continued softness in PCs. Revenue rose 16% year-on-year to $9.25 billion, beating expectations of $8.74 billion. Adjusted operating income came in at

Eight month high Prior was 50.0 Details: Business activity 54.3 vs 49.9 prior Prices paid 70.0 vs. 69.4 last month — three year high Employment 48.2 vs. 47.2 last month New orders 56.2 vs. 50.4 last month — highest since Oct 2024 Supplier deliveries 50.8 vs. 52.6 last month Inventories 49.5 vs. 47.8 last month

US futures are down slightly, with tech shares being the laggard once again. S&P 500 futures are down 0.2% but at least is seen a more controlled mood as compared the selling earlier in Asia trading. Futures were down as much as 0.8% earlier in the day. Meanwhile, Dow futures are up 0.1% but Nasdaq

After the slide on Wall Street on Tuesday regional equites here are feeling the heat. Nikkie 225 is down 5% from its record high hit on Tuesday In South Korea, KOSPI futures halted after a 5% slide. In brief: The ‘sidecar’ is a rule that lets the Korea Exchange (KRX, the operator of SK’s bourse)

The GBPUSD continues to move lower, extending its decline and breaking further away from the 38.2% retracement level of the rise from the January low to the July 2025 high, which comes in at 1.31422. The pair has now fallen to a new session low near 1.3018, putting the psychological 1.3000 level firmly in sight.

Prior 52.5 Composite PMI 53.1 vs 51.7 prior Full report here Key findings: Growth in new work accelerates, supported by fresh rise in exports Input cost inflation at four-and-a-half year low Job creation only fractional despite stronger rise in activity Comment: Commenting on the PMI data, Nils Müller, Junior Economist at Hamburg Commercial Bank, said:

Fundamental Overview After the big selloff, gold got stuck in a consolidation since last Tuesday despite a more hawkish than expected Fed Chair Powell. It might be a sign of a short-term bottom, but it could also be just some exhaustion after the 11% drawdown. There are no strong reasons for more upside at the

Headlines: Risk sentiment continues to hold more cautious in European morning trade Bitcoin holds the line at $100,000 for now as dip buyers try to make a stand US government shutdown set to be the longest one yet China stipulates that state-funded data centres to use only domestic AI chips – report Japan top currency

ANZ Commodity Price Index tracks prices received for New Zealand’s main export categories. The overall index has drifted lower since May, coinciding with the peak in dairy prices that month. However, compared to a year ago the index is still up 4.4%. The ANZ World Commodity Price Index fell 0.3% m/m in October: Dairy prices

The USD is little changed to start the North American session, with traders showing hesitation ahead of the next catalyst. The EURUSD remains confined within a tight 20-pip range — exceptionally narrow and indicative of a market waiting for a shove in either direction. In USDJPY, sellers made a push below the 200-hour moving average

Rating Dog / S&P Global Services and Composite PMIs from China for October 2025 Services PMI (Oct) 52.6 expected 52.5, prior 52.9 Composite 51.8 prior 52.5 China’s services activity expanded at its slowest pace in three months in October, as a drop in overseas orders offset stronger domestic demand, according to the latest private survey

If you ask any professional trader what his number one priority is, the answer would be “capital preservation”. The retail world is unfortunately 99% just marketing, so the focus is on gains as that is what sells the most. You should be focusing first and foremost on risk. The chart above shows you how much

North Korea may be on the brink of an imminent nuclear test says South Korean intelligence Info via media reports citing SK spy agency. Also, further reports NK is preparing to launch another spy satellite. This article was written by Eamonn Sheridan at investinglive.com.

German DAX futures -0.5% UK FTSE futures -0.1% German and French stocks were the laggards yesterday while Wall Street saw broader selling across the board, though tech shares were the ones leading the rout. The Nasdaq closed down by 2% with the likes of Nvidia sliding by nearly 4% and Palantir 8%. The selloff reverberated

There is some speculation in the market about Japan’s macroeconomic policies, especially fiscal policy Yen long positions have been shrinking after the summer We all agree that monetary policy itself is in the hands of the BOJ A bit of added verbal smackdown from Tokyo. This is becoming more frequent after Takaichi’s appointment as prime

Prior -0.3%; revised to -0.4% If you exclude the drop in energy prices (-0.2%) on the month, then overall producer prices in the euro area were stable in September. The added breakdown shows an increase in prices for durable consumer goods (+0.2%) and non-durable consumer goods (+0.1%). That is offset by a decline in prices

Canada’s federal government forecast larger budget deficits and a higher debt-to-GDP ratio over the coming years, even as total borrowing needs are set to ease slightly, according to the Finance Ministry’s fiscal update on Tuesday. Ottawa now expects a 2025/26 deficit of C$78.3 billion, almost double the C$42.2 billion projected in December, and a 2026/27

The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate within a certain range, called a “band,” around a central reference rate,

The big topic on Wall Street is on Palantir and perhaps Nvidia, not withstanding the whole China issue after the meeting between Trump and Xi not bearing any fruit. That’s stirring up some nerves as evident with the risk selloff so far this week, in particular the one yesterday. It once again highlights the vulnerabilities

By Jonatan Randin, Market Analyst at PrimeXBT Despite stronger dollar momentum, gold remains technically constructive, consolidating near key Fibonacci levels. Meanwhile, gold’s relative performance against Bitcoin shows signs of strength, a familiar pattern during risk-off conditions. This market outlook explores gold’s behaviour against both the US dollar and Bitcoin, featuring XAU/BTC, one of the newly

Prior -0.8%; revised to -0.4% The pick up in new orders is helped by a boost in the automotive industry (+3.2%) and in the manufacture of electrical equipment (+9.5%) for September. That is offset by a decline in manufacture of metal products (-19.0%), following several large orders there in the month of August. Excluding large

Prior 51.3 Composite PMI 52.5 vs 52.2 prelim Prior 51.2 The euro area services sector is finding a resurgence in October, jumping up to its highest in 17 months. Meanwhile, the composite reading is also seen nudging up to its highest in 29 months. That comes amid a big boost in Germany in particular, but

Bitcoin Futures tradeCompass Map and Execution Plan (Nov 5, 2025) Summary Box (prices are for Bitcoin futures) Bullish above: 101,375 Bearish below: 100,665 Primary bias: Map driven. Prefer patient entries over chasing. Current price: 102,430 Bitcoin Market Context and Directional Bias Bitcoin Futures tested the 100,000 round number after a decline of about 22 percent

Prior 50.8 Final Composite PMI 52.2 vs 51.1 prelim Prior 50.1 Full report here Key findings: Business activity and new order growth accelerate since September Employment close to stabilisation Input price inflation at 11-month low Comment: Tim Moore, Economics Director at S&P Global Market Intelligence, said: “The latest survey offered some positive signals for the

China will suspend 24% US tariffs for a year from November 10, to maintain 10% US tariffs. This is a risk positive announcement. A dialing back of trade tensions,. At least for now. China’s Finance Ministry with the announcement. The Ministry of Commerce also announce that China will remove some tariffs on some US agricultural

That ties the period in 2018-19 and is on track to enter its 36th day, which will mark the longest federal government shutdown in US history. The stalemate now begins to threaten some economic costs to the US and with regards to the Fed, this continues with the lack of key major economic releases as

Top Wall Street executives cautioned that U.S. equities may be nearing a correction, with both Goldman Sachs and Morgan Stanley CEOs warning that markets are running hot and vulnerable to sentiment shifts. At the Global Financial Leaders’ Investment Summit in Hong Kong, Morgan Stanley CEO Ted Pick said investors should brace for a 10% to

IBM announced it will lay off a small percentage of its global workforce in the fourth quarter — described as a “low single-digit percentage”, likely around 1% (≈2,700 jobs). The company emphasized that U.S. employment will remain flat year over year, suggesting most cuts will occur internationally. The move aligns with broader industry trends as

In the European session, we have several low tier releases on the agenda including the French Industrial Production, the Italian Retail Sales, the Eurozone PPI and the final services PMIs for the major Eurozone economies and the UK. None of the data is going to change anything for the respective central banks. In the American

Prior -0.1% Retail sales Y/Y +0.5% vs +0.5% prior This is not a market-moving release. The agency notes: “Compared with September 2024, retail sales grew by 0.4% in large-scale distribution. Non-store sales rose by 1.9%, while online sales was up 7.3% over the same period. Small-scale retail declined by 0.4%.” “Among non-food products, year-on-year trends

Decision Desk HQ projects Zohran Mamdani to win the New York City Mayor election. Trump has threatened to end funding to New York if this was the result. This article was written by Eamonn Sheridan at investinglive.com.

Eurostoxx -0.5% Germany DAX -0.6% France CAC 40 -0.5% UK FTSE -0.2% Spain IBEX -0.5% Italy FTSE MIB -0.4% The risk appetite has picked up since the depths of Asia trading, with S&P 500 futures also trimming losses to just 0.1% on the day. For some context, they were down as much as 0.8% at

Prior 51.5 Final Composite PMI 53.9 vs 53.8 prelim Prior 52.0 Key findings: Employment increases for first time in three months Comment: Commenting on the PMI data, Nils Müller, Junior Economist at Hamburg Commercial Bank, said: “Germany’s services sector started the fourth quarter with renewed momentum, as the HCOB Services PMI surged to 54.6 in

If there is a clear winner on the economic data calendar today its the China ‘Rating Dog’ PMI! Have you ever heard a better name for an economic data point? This is the private survey services PMI. We’ve already had the official PMIs from China for October: China official manufacturing PMI (October) 49.0 (expectd 49.6)

Financial stability risks remain heightened. Banks remain well placed to manage the current uncertainty. Fragmentation of global trade and finance, and ongoing uncertainty continue to present risks. Loan defaults have picked up, although they remain low compared to during the Global Financial Crisis. Strong lending standards, including loan-to-value limits have helped to restrict the amount

People’s Bank of China USD/CNY reference rate is due around 0115 GMT. The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate

Advanced Micro Devices (AMD) is scheduled to report its third-quarter 2024 earnings after market close. Expectations are for: Adjusted EPS (Earnings Per Share): Analysts project $1.17per share, up from ~$0.92 a year ago) Revenue: The consensus estimate stands at $8.76 billion, up ~28% YoY growth. SMCI is also expected to report with EPS estimated at

It is reported that Beijing has issued a guidance that requires new data centre projects that have received any state funds to only use domestically developed AI chips. Thus, ruling out the use of foreign AI chips with authorities even ordering data centres that are less than 30% complete to remove all previously installed foreign

The risk mood was battered early on in Asia but is seeing some tentative signs of recovery as we get to the handover to European trading today. Wall Street saw some heavy selling yesterday with tech shares leading losses but US futures have recovered from early lows today, with S&P 500 futures paring declines to

The crypto complex has been heavy for a few weeks now, that ‘liquidation event’ that saw a huge drop in Bitcoin marked a regime change. ETH had its own troubles earlier this week: Ether slides below $3,600 after $100 million DeFi hack deepens crypto sell-off This article was written by Eamonn Sheridan at investinglive.com.

Chinese shares opening lower: Shanghai Composite -0.95%, Hong Kong’s Hang Seng -0.97% More broadly: South Korea halted KOSPI equity index futures trade after a 5% drop Korea Exchange activates sidecar on KOSDAQ after KOSDAQ 150 futures Japan’s benchmark Nikkei 225 index has fallen more than 5% from its record high hit just yesterday Bitcoin is

Japan and South Korea stocks slump, tech shares lead selloff Asian equities slumped on Wednesday, with Japanese and South Korean stocks posting their sharpest declines in more than six months as investors rotated out of high-valuation sectors. In Tokyo, the Topix index suffered heavy losses led by technology shares. SoftBank Group Corp. plunged as much

NASDAQ index falls over -2%. S&P declines -1.17% Canada widens deficit forecasts, slashes growth forecasts: debt-to-GDP seen rising to 43% RBNZ financial stability review: Financial risks remain heighted.NZDUSD trades to new lows Crude oil settles at $60.56 NY TImes: Trump administration looks at options for military action in Venezuela Apollo withdraws offer to buy Papa

Sterling’s slide could extend if the Bank of England cuts interest rates in December, according to MUFG Bank, which expects softer inflation data and fiscal tightening to reinforce the case for easing. The bank said upcoming releases are likely to confirm that UK inflation has peaked, while the Nov. 26 budget may introduce tax increases

US President Donald Trump said he met with senior representatives from Switzerland to discuss trade and other issues, describing the talks as productive and praising both sides “on a job well done.” “The meeting was adjourned with the understanding that our Trade Representative, Jamieson Greer, will discuss the subjects further with Switzerland’s Leaders,” Trump wrote

ICYMI – White House weighs Venezuela strikes and oil-field seizure said a piece in the NYT on Tuesday. The Trump administration is reportedly considering military strikes on Venezuelan military targets and the potential seizure of the country’s oil fields, according to a New York Times report citing internal discussions. The report said the deliberations form

The NY Times is reporting The administration has developed multiple military options for action in Venezuela, including direct strikes on units protecting President Maduro and potential moves to seize control of the nation’s oil fields. President Trump has not yet decided whether or how to proceed, reportedly showing reluctance to risk U.S. troops or political

Bank of Japan minutes of the September meeting. The meeting created some shock waves with two dissenters seeking an immediate rate rise. The minutes show cautious path toward further rate hikes amid trade uncertainty. BOJ minutes highlight cautious rate-hike outlook, trade uncertainty and modest tariff impact. The Bank of Japan’s September meeting minutes showed policymakers

China’s Premier Li calls for trade reform, warns unilateralism hurting global order China’s Premier Li Qiang warned that rising protectionism and unilateral trade measures have caused severe disruptions to the global economic order, urging nations to reaffirm their commitment to mutual cooperation and free trade amid slowing global growth. Li said the past few years

A massive build, info from oilprice.com: — Expectations I had seen centred on: Headline crude +0.6 mn barrels Distillates -2 mn bbls Gasoline -1.1 mn — This data point is from a privately-conducted survey by the American Petroleum Institute (API). It’s a survey of oil storage facilities and companies The official report is due Wednesday

Crude oil is settling at $60.56. That is down $0.45 or -0.69%. The low price reached $59.94. The high price was at $61.03. Technically, The price remains below the swing area between $61.45 and $61.94. That is topside resistance. On the downside, there is a swing area support between $59.64 and $60.17 going back to

A plane crashed near Louisville’s Muhammad Ali International Airport on Tuesday afternoon, triggering a large blaze and significant smoke plume visible in traffic cameras shortly before 5:30 p.m. US Eastern time. The incident occurred in the vicinity of Fern Valley Road and Grade Lane, south of the airport, where multiple emergency agencies responded. Injuries have

Major US stock indices move lower with the NASDAQ index falling -2.04%. The S&P index fell -1.17% and the Dow industrial average fell -0.53%. The hangover from last week’s Fed meeting, the government shutdown, concerns about overvaluation, and bitcoin tumbling back below the $100,000 level hurt the sentiment Looking at some of the company specific

I summarised the Bank of Japan September meeting minutes here: BoJ Sept minutes: Current real interest rates are very low, will hike if data indicates In (very) brief, the minutes reinforced the Bank’s cautious stance on policy normalisation. Members agreed real rates remain very low and that gradual hikes may continue if inflation holds, but

The price bitcoin is continuing its move to the downside. The low price has now reached $99,939. The price has not traded below the $100,000 level since June 23 when the price reached $99,705. Looking at the daily chart, the next target on a break lower would have traders looking toward the June 22 low

US President Donald Trump has halved the tariff on Chinese imports linked to fentanyl production, lowering the rate from 20% to 10% in a move that fulfills a key component of his latest trade deal with Chinese President Xi Jinping. Info via Bloomberg. The reduction, formalised in an executive order issued Tuesday, takes effect November

Have you seen restaurant stocks lately? Evidently private equity giant Apollo has. They’ve been cratering, including Chipotle last week. Now Reuters reports that Apollo has pulled its $64/share bid for Papa John’s pizza chain. Shares are quickly down 11.5%. Notably, the market had sniffed out some risk here as shares were already trading well below

This US government shutdown will end, just like all the others. It’s why the dip in equities on the day it started was an easy buying opportunity, something I repeatedly touted. The question is: Will the market rally even further when it’s settled? I’d say that’s likely and I can’t really see a scenario where

The Nasdaq is testing the opening lows, though its held so far. The dip-buyers have won almost every battle this year and looked to be doing the same shortly after the open. I fear that the change in the stance of the Federal Reserve takes away the Fed put and will make it more of

Sector Overview The tech sector faced significant pressure today, with major players showing notable declines. This downturn was led by companies like Nvidia (NVDA) which dropped by 2.06% and Microsoft (MSFT) falling by 1.41%. Meanwhile, semiconductor stocks endured another rough day, with Advanced Micro Devices (AMD) and Intel (INTC) dropping by 4.00% and 4.40%, respectively.

The USD is mostly higher once again with the biggest gains vs the risk-off currencies – the AUD and NZD. Stocks are lower with the Nasdaq down about -330 points. Yields are lower adding to risk-off/safety bias. In the video above, I take a look at the 3 major currency pairs – the EURUSD, USDJPY

The AUDUSD has trended lower today, extending its recent decline despite a less dovish, more hawkish tone from the Reserve Bank of Australia, which left interest rates unchanged. The move lower was primarily driven by technical factors, as the pair continued to weaken after failing to sustain a break above key support levels. Yesterday, the

Remittances today are far more than financial transfers; they are lifelines that sustain families, fund education, and support small businesses across the world. For millions of expatriates living and working across the UK and Europe, every transaction represents love, responsibility, and connection. ACE Money Transfer today reaffirmed its commitment to strengthening its European operations, reinforcing

US midterm elections are now less than one year away on November 3, 2026 and Trump is getting some bad news. The latest poll from CNN/SSRS shows Trump’s disapproval rating is at 63%. That’s the highest of either term and — incredibly — one point above his previous high of 62% as he was leaving

A reassessment of the Palantir valuation led to a round of profit taking among retail investors and that’s spread to bitcoin. Palantir shares are down 7% despite beating on earnings and revenue while Nvidia is down nearly 3%. The Nasdaq is down 1.5% as we await earnings from other meme-like stocks this week. On top

RBA leaves its cash rate unchanged at 3.6%, as widely expected. MUFG sees Bank of England (BoE) holding this week, December rate cut still base case Japan’s Finance Minister Katayama says seeing one-sided rapid yen moves Goldman: Yen intervention unlikely near 155, gradual recovery seen over time Standard Chartered bullish on global equities despite valuations,

The USDCAD continues to push higher, extending beyond the October high at 1.40791 and breaking through the swing area between 1.4060 and 1.40668. This move marks a meaningful shift in momentum, as buyers have been able to sustain strength and force a clean break above what had been a key technical barrier throughout the month.

German DAX futures -1.0% UK FTSE futures -0.4% Pain. S&P 500 futures are also now down 1.0% on the day with Nasdaq futures down 1.4%. The selling is intensifying as we look to get things going in the session ahead. That’s keeping the overall risk mood on the defensive in general as well. USD/JPY is

Copper prices are continuing to correct after hitting a record high last week but there are bullish signs on the horizon. The world’s largest copper producer is Chile’s Codelco reported earnings today of $607 million through the first nine months of the year and the CEO said he’s optimistic about prices. One of the big

Gold prices have been volatile today. They fell sharply early in US trading on a jump in the US dollar and drop in equities. But the early angst has faded somewhat in all asset classes and gold has rebounded. From as low as $3929, gold has bounced to $3966, though it’s still down $35 on

Stocks and crypto are under broad pressure to start the day, reversing the trend from what we saw yesterday. Tech shares held the line to start the week but are now tumbling as well, poised for quite the rough start to November trading. That’s translating to safety bids as well in the major currencies space

It’s budget day in Canada and it’s a big one as it’s Prime Minister Mark Carney’s first edition. He’s promised a transformational budget that’s likely to include some heavy cuts to operational government spending along with some heavy spending on capital projects. What’s less clear is how tax policy will change. There is some suspicion

Chinese Premier Li Qiang told visiting Russian Prime Minister Mikhail Mishustin on Monday that China stands ready to work with Russia to deepen cooperation across all fields and protect their shared development and security interests. The announcement came as the two leaders co-chaired the 30th regular meeting of Chinese and Russian heads of government in

In the European session, we don’t have anything on the agenda other than a couple of low tier releases like the French budget balance and the Spanish unemployment change. The data won’t change anything for the ECB or the market. In the American session, it’s going to be much of the same as we just

Standard Chartered says the recent pullback in gold prices below $4,360 per ounce represents a chance for investors to re-enter the market, arguing that the metal’s key bullish drivers remain firmly in place. Despite the correction, gold is still up 49% over the past year, supported by a weaker U.S. dollar, robust central bank buying,

Statistics Canada was scheduled to release trade balance data today but the report was delayed because of the inability to properly compile the US cross-border numbers. Statistics Canada sources its data on Canada’s exports to the United States from the United States Census Bureau, which isn’t operating. It also relies on US data on trade

Japan’s manufacturing sector contracted at its sharpest pace in 19 months in October, as weakening global demand and sector-specific slowdowns in autos and semiconductors weighed heavily on output, a private survey showed Tuesday. The S&P Global Japan Manufacturing PMI fell to 48.2 in October from 48.5 in September, undershooting the flash estimate of 49.3 and

The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate within a certain range, called a “band,” around a central reference rate,

US tariffs are damping global growth He’s just repeating what he already said two weeks ago here. Again, the SNB is expected to remain on hold for a long time. They’ve already said many times that the bar to go back to NIRP (negative interest rate policy) is very high. They will need significant negative

ProxyCoupons, known for bringing the best deals on proxy and VPN services, has officially announced an expansion that will see the platform evolve into a comprehensive destination for everything related to technology. This development marks a significant step forward for the site, which now offers users a much wider selection of tech, coupons, deals, and

Europe needs to boost competitiveness Countries should reduce public debt No monetary policy comments here from Patsalides. He’s been in the neutral/hawkish camp since his last comments here where he didn’t exclude a rate hike if needed. This article was written by Giuseppe Dellamotta at investinglive.com.

Fundamental Overview The USD remains strong across the board following the hawkish turn from Fed Chair Powell last week. The repricing in interest rate expectations acted as a tailwind for the greenback as Treasury yields rose and continue to trade at the recent highs. Yesterday, we got a slightly weaker than expected ISM Manufacturing PMI

The U.S. dollar could continue to draw strength from the country’s productivity advantage, which has been a central driver of its performance since the 2008 global financial crisis, Rabobank’s Jane Foley said in a note on Tuesday: productivity gains fuel wealth creation also act as a strong offset to inflation risks the U.S. economy’s heavy

Fundamental Overview The USD remains strong across the board following the hawkish turn from Fed Chair Powell last week. The repricing in interest rate expectations acted as a tailwind for the greenback as Treasury yields rose and continue to trade at the recent highs. Yesterday, we got a slightly weaker than expected ISM Manufacturing PMI

Major US stock indices are closing mixed with the Dow industrial average lower, the S&P and NASDAQ indices are higher: Dow industrial average fell -225.55 points or -0.47% at 47337.32. S&P index rose 11.84 points or 0.17% at 6852.04. NASDAQ index rose 109.77 points or 0.46% at 23834.72. Amazon struck a $38 billion cloud computing

China’s push into next-generation transport took a leap forward on Monday as the world’s first flying car factory began trial production in Guangzhou, southern Guangdong Province. China’s People’s Daily with the info. The 120,000-square-metre facility — billed as the largest of its kind — will produce detachable electric aircraft modules for modular flying cars. It

Inflation has been too slow to come down Interest rates are still a constraint The cost of government borrowing has increased around the world My commitment to the fiscal rules is iron clad I am not satisfied, there is more to do Shambolic. Playing the blame game seems to be the only thing she is

Palantir drops 7.5% as large-caps sink after earnings — investingLive Earnings Movers Yesterday (Nov 3 AMC) Earnings Analysis: Large-Caps Turn Sharply Negative After Market Close Yesterday Out of 11 major stocks that reported earnings after market close yesterday (Nov 3), the big-cap group delivered a clearly negative picture. We’re focusing here on the largest 11

There is just one to take note of on the day, as highlighted in bold below. That being for EUR/USD at the 1.1525 level. It’s not one that ties to any technical significance but could just play a part in holding price action a little, though the downside momentum since last week remains very much

Earnings Analysis: Large-Caps Turn Sharply Negative After Market Close Yesterday ECB’s Patsalides: European economy is showing resilience SNB’s Chairman Schlegel: Inflation should rise slightly in the next quarters JPY intervention cheat sheet: from verbal to physical action Japanese yen leads the major currencies space amid risk selloff UK’s Reeves: Since last year’s budget, the world

The risk mood is feeling heavy after the AI-driven gains in Wall Street yesterday with today being pretty much a reversal of the moves to start the week. S&P 500 futures are now down 0.6% with Nasdaq futures down 0.8% on the day. Of note, Palantir shares rose by over 3% overnight but traded down

We’re alert to outside commentary on our policy setting The board is not immune to outside commentary and will decide for themselves on policy Previous rate cuts are still feeding through to the economy Still watching for the impact, it is a balancing act This article was written by Justin Low at investinglive.com.

The bond villain behind the surveillance data company Palatir will do his usual song and dance today after earnings. The company is the marquee name reporting today. It’s a $475 billion market cap company that’s forecast to report $1.091 billion in revenue this quarter and $489m in earnings. Even on the out-year forecast for 2029,

It’s a holiday in Australia’s second city today (sorry, Melbourne, but its true). The holiday is for the Melbourne Cup horse race, known as ‘the race that stops a nation’. Its not a holiday elsewhere in Australia but that won’t stop the celebrations. Sydney financial markets, for example, will pretty much grind to a halt

London, October 2025 – Hola Prime, one of the world’s fastest-growing global trading companies, has launched its boldest brand campaign yet: “We Are Traders.” More than a marketing push, this campaign is a global movement to honor traders, reshape perceptions, and unite a community often overlooked in mainstream recognition. In a world where professions like

MUFG expects the Bank of England to hold rates steady at this week’s policy meeting, with its first cut likely in December, senior currency analyst Lee Hardman said. “Our base case is still a cut in December — I don’t think one softer CPI print is enough,” Hardman said, adding that by then policymakers will

The price of crude oil is settling at $61.05 up $0.07 or 0.11%. The near unchanged comes after the OPEC+ meeting this weekend where they confirmed a production increase but also said that they would pause on further production increases. More specifically: Production Increase for December: The group agreed to raise the output target by

Ether tumbled as much as 9% on Monday, breaking below a key technical support level at $3,600 after hackers drained over $100 million from a major decentralized-finance protocol on the Ethereum network. The sharp drop leaves the world’s second-largest cryptocurrency roughly 25% below its August 22 peak of $4,885, extending a volatile stretch for digital-asset

Today, the JPY strengthened across the board following a verbal intervention from the Japanese Minister of Finance Katayama. These moves generally just provide pullbacks for traders to sell the JPY at better levels as long as the conditions for further yen weakness persist. I thought about making a cheat sheet on JPY intervention. It generally

Equity index futures are trading lower while the USD has added a few points Moves are not large. I’m not seeing a direct smoking gun at present. If you wanna tell me stock markets are overdue for a collapse, OK …. but why now? This article was written by Eamonn Sheridan at investinglive.com.

OnEquity, a top-tier multi-asset institutional and retail brokerage firm, is pleased to announce the recent win of the “Best Multi-Asset Institutional Broker – APAC” accolade at the UF AWARDS APAC 2025 ceremony. The event follows a succession of previous awards commencing in 2024 and continuing through 2025. Some of the most noteworthy titles include: “Best

Bets for a Reserve Bank of Australia rate cut jumped after soft jobs data but were cut back again after inflation data came in hot. The consensus was for no rate cut today, which is what we have. From the statement accompanying the decision: The Reserve Bank of Australia kept the cash rate unchanged at

The balance of risks are skewed to the downside The ECB continues to put forth a more guarded communique as essentially, they remain sidelined at least until the turn of the year. This article was written by Justin Low at investinglive.com.

Japan still halfway through in achieving sustained achievement of BOJ price target Expects BOJ to conduct appropriate monetary policy to sustainably hit price target Calls on BOJ to work closely with the government Abenomics has boosted GDP, created jobs Government will strategically deploy fiscal spending to boost household income, consumer sentiment She’s not being all

South Korea’s consumer prices accelerated more than expected in October, marking the fastest year-on-year rise in 15 months and complicating expectations for further policy easing from the Bank of Korea. Headline CPI rose 2.4% from a year earlier, beating a Reuters poll forecast of 2.1% and quickening from 2.0% in September. On a monthly basis,

We are keeping interest rates low, so that inflation remains in range of price stability (target range 0-2%) Our interest rates are where they should be Whether the Franc is correctly valued, overvalued or not is not decisive for our monetary policy What is important is how the exchange rate changes and its effect on

Goldman Sachs said Japan faces little immediate risk of currency intervention despite the yen’s recent slide toward ¥155 per dollar, arguing that traditional triggers for action “have not yet been met.” Info via Bloomberg report. Strategist Karen Reichgott Fishman wrote that the yen does not appear to be at particularly weak levels, with recent depreciation

People’s Bank of China USD/CNY reference rate is due around 0115 GMT. The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate

October US ISM manufacturing index 48.7 vs 49.5 expected US October final S&P Global manufacturing PMI 52.5 vs 52.2 prelim Canada S&P Global October manufacturing PMI 49.6 vs 47.7 prior Fed’s Cook: Labor market is ‘still solid’, monitoring it Fed’s Goolsbee: My threshold for cutting in Dec is higher than at previous meeting Fed Daly:

China, Russia should steadily expand mutual investment Should create new growth points for cooperation To cooperate in areas such as AI, digital economy, and green development To also carry out cooperation in traditional fields such as energy, agriculture It’s all about the optics. After meeting with Trump last week, Xi is making it known that

Eurostoxx -1.4% Germany DAX -1.5% France CAC 40 -1.4% UK FTSE -0.8% Spain IBEX -1.6% Italy FTSE MIB -1.2% Major indices in the region are down over 1% at the open to start with. Ouch. The negative mood comes as US futures are also bleeding badly with S&P 500 futures down 1.1% with tech shares

US Treasury Secretary Bessent speaking on Fox: I will be present at Supreme Court to emphasize the importance of tariffs Need the cash from tariffs to give it to Argentina? More: says he thinks inflation and interest rates will come down This article was written by Eamonn Sheridan at investinglive.com.

As the year’s busiest shopping season approaches, PU Prime, a global multi-licensed online brokerage, joins the excitement of both shoppers and investors with the launch of its Black Friday Copy Trading campaign running from 3 to 30 November 2025. This season is not only exciting for shoppers to get their hands on major purchases, but

China’s Vice Premier He Lifeng said Beijing will work closely with international partners to confront new global economic challenges, pledging to strengthen cooperation in trade, investment, and industrial development to bolster global stability. Speaking via livestream on Monday, He acknowledged that the global economic environment faces fresh uncertainties this year, citing rising protectionism, geopolitical tensions,

Copper prices are down 0.7% after hitting an all-time high last week. Goldman Sachs analysts are out with a note looking at supply-demand balances for 2026. Copper has traded just above the previous all-time-high, but is yet to make a clear break higher. While we believe that current fundamentals justify a copper price consolidation towards

Standard Chartered remains constructive on global equities, saying the balance of forces still favours further gains into year-end despite concerns over high valuations and signs of softening in the U.S. labour market. In a market note, the bank said it sees “tension between the positive force” of U.S. Federal Reserve rate cuts and earnings growth,

Japan’s Finance Minister Katayama says seeing one-sided rapid yen moves closely watching FX moves with a high sense of urgency. — Earlier: Goldman: Yen intervention unlikely near 155, gradual recovery seen over time Japan’s Takaichi: Boost revenue through growth, strengthen supply and infrastructure This article was written by Eamonn Sheridan at investinglive.com.

We discussed holding and outlook for policy, being cautious There are mixed signals on the tightness of financial conditions We still got a little bit of tightness that will take a little bit of heat out of the economy to bring inflation back down It’s possible that there’s no more rate cuts but also possible

China’s central bank will strengthen policy support for the economy and accelerate efforts to promote the international use of the renminbi, a PBOC Deputy Governor said Monday in a livestreamed address. Said the People’s Bank of China (PBOC) will back the development of the offshore RMB market in Hong Kong, calling it a crucial step

China is offering massive power subsidies to major tech firms including ByteDance, Alibaba and Tencent in a bid to accelerate the adoption of homegrown artificial-intelligence chips and reduce reliance on U.S. technology. According to people familiar with the policy, local governments in Gansu, Guizhou and Inner Mongolia have expanded subsidies covering up to 50% of

OpenAI has signed a seven-year, $38 billion cloud-computing agreement with Amazon Web Services (AWS) — a major expansion of its infrastructure base following a restructuring that loosened its financial ties to Microsoft. The deal gives the ChatGPT maker access to hundreds of thousands of Nvidia processors hosted on AWS to train and run its next

We are expecting comments imminently from Bank of Canada Governor Macklem. Note that he spoke last week following the BOC decision. The latest event began at 1:30 pm ET and it appears as though there wasn’t any prereleased text. This article was written by Adam Button at investinglive.com.

The Panama Canal Authority expects a slowdown in global trade next year as weaker economic activity curbs shipping demand, even as liquefied petroleum gas (LPG) flows through the canal continue to expand sharply. Info via Reuters report. Administrator Ricaurte Vásquez said on Monday that “a reduction in world trade is likely next year amid the

South Korea’s government said Tuesday it will restructure the domestic steel industry and expand financial support for exporters as the sector faces growing strain from U.S. and European Union tariffs and worsening oversupply. The Ministry of Trade, Industry and Energy said it plans to take “preemptive steps” to adjust production capacity in oversupplied product segments

The AUDUSD is rebounding after a sharp decline that pushed the pair below the 200-hour moving average, the 100-day moving average, and a key downside swing target. The move lower eventually ran out of momentum, prompting a retracement as the pair climbed back above several of those broken levels. The price has now returned to

Japanese Prime Minister Sanae Takaichi reaffirmed her government’s commitment to boost tax revenue without raising tax rates, saying the focus will be on expanding the economy’s capacity and strengthening its supply structure to sustain growth. Takaichi said her administration aims to achieve higher fiscal revenues through economic expansion, improved productivity, and a more resilient industrial

The main event on the schedule today is the Reserve Bank of Australia decision, due ay 0330 GMT / 2230 US Eastern time. The Bank is expected to leave its cash rate unchanged. Sticky and once again rising inflation will be the prompt for the pause in the Bank’s easing cycle. Previews: data suggest price

Palantir will report their earnings after the close. The expectations are for EPS $0.17 up from $0.10 last year (70% increase) Revenues $1.09 billion up from 725.52 million last year (50.24% increase). In other details Government revenues are expected at $602.5 million a gain of 47.6% from a year ago Commercial revenue $493.7 million, a

UBS remains optimistic on the global equity outlook even as investors grow uneasy about stretched valuations and an uncertain path for US monetary policy amid the ongoing government shutdown. Ulrike Hoffmann-Burchardi, global head of equities at UBS Financial Services, acknowledged that “concerns over high valuations persist” and that the Federal Reserve’s policy outlook “appears murkier”

The European Commission’s trade and economic-security chief, Maroš Šefčovič, has welcomed what he described as “progress on Nexperia, key to restoring a semiconductor supply chain”, signalling the EU’s intensified focus on future-proofing internal chip flows and trade openness. At the same time, he stressed that “our work continues towards lasting stability without export control barriers”,

Federal Reserve policymakers offered a range of views late last week and on Monday, underscoring a sharply divided outlook ahead of the December 9–10 meeting, with some officials warning of inflation persistence while others emphasised rising labour-market risks. Reuters collated the views, I’ve summarised. Governor Lisa Cook : described a “tug-of-war” between the Fed’s twin

Commonwealth Bank of Australia has abandoned its forecast for another rate cut early next year, citing a broad-based resurgence in inflation that suggests the Reserve Bank will keep policy steady for an extended period. CBA economists said the key surprise in last week’s third-quarter CPI data was how widespread the price acceleration had become across

Three US courts have ruled that the US President doesn’t have the authority to declare fentanyl a national emergency and use that to place tariffs on American companies and consumers importing goods. Article 1 of the US Constitution says: The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay

Cook comments: Tariffs still driving up price pressures Slowing payroll growth tied to labor supply changes Inflation should move to 2% target once tariff impacts pass through Tariff pass-through is still playing out Underlying inflation moving to 2%, expectations are contained Remains fully committed to getting inflation back to 2% Every meeting is ‘live’, not

That’s the kind of comment that will get Canada another 10% in US tariffs. This article was written by Adam Button at investinglive.com.

San Francisco Fed Pres. Mary Daly is speaking and says that she: Supported rate cut Rate cut was appropriate Still have inflation above target, need to get it down Labor market has softened quite a bit Need to keep policy modestly restrictive Open mind on December 50 bps of cuts this year makes Fed better-positioned

Currently it’s a comfortable situation for the ECB Risks remain high, even if they haven’t materialized or worsened recently The market is pricing in a 50% chance of a single ECB rate cut in the year ahead. The message is that the central bank is on hold with the usual tail risks around some kind

The European indices today close mixed with the German DAX leading the way to the upside while France’s CAC and UK’s FTSE 100 closed lower. A snapshot of the closing levels shows: German DAX, +0.63% France’s CAC -0.14% UK’s FTSE 100 -0.16% Spain’s Ibex, +0.03% Italy’s FTSE MIB +0.11% As London/European traders look for the

Prior was 48.2 Full report Key findings: Factory output falls markedly as new orders decrease again Manufacturers anticipate lower production levels over the next 12 months Competitive pressures drive further discounting of prices charged Comment: Commenting on the PMI data, Jonas Feldhusen, Junior Economist at Hamburg Commercial Bank, said: “The ongoing political crisis continues to

The Atlanta Fed growth estimate for Q3 rose to 4.0% from 3.9% last GDPNow is not an official forecast of the Atlanta Fed. Rather, it is best viewed as a running estimate of real GDP growth based on available economic data for the current measured quarter. There are no subjective adjustments made to GDPNow—the estimate

Bitcoin (BTCUSD) is trading sharply lower, down $4,700 (-4.3%) at $105,760, after touching an intraday low of $105,440. The decline marks the lowest level since October 17, and Bitcoin is now on track to close at its weakest level since July 1, when it settled at $105,709. The move comes amid renewed selling pressure driven

The USDCAD is up 0.40% and pushing into a key swing area between 1.4060 and 1.4067—a zone defined by multiple swing highs and lows from October 14 to October 21. A sustained move above this region would expose the October high at 1.4079 as the next upside target. Beyond that, buyers would likely set their

The major US indices are bleeding the gains away with the Dow industrial average and the S&P index now in negative territory. The ISM manufacturing index came in weaker than expected at 48.7 versus 49.5. Moreover the employment index remain below the 50 level comfortably at 46.0 (was 45.3 last month). Meanwhile, the Fed officials

FX option expiries for Monday 3 November (10am New York cut) Yale study finds ‘TACO gap’: U.S. tariffs on China far lower than Trump claims ICYMI: China scraps gold tax incentive, ANZ warns of market repercussions HSBC sees U.S. dollar bottoming in early 2026 amid Fed cuts and leadership uncertainty Russian Prime Minister Mishustin to

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HSBC Global Investment Research said the U.S. dollar is likely to find its bottom in early 2026, as further interest rate cuts from the Federal Reserve and uncertainty over the next Fed chair weigh on sentiment. The bank noted that a combination of softer monetary policy and political ambiguity could extend downside pressure into next

I am uneasy with frontloading rate cuts Rates should come down with inflation Inflation data is still worrisome I’m not decided for what happens at next Fed meeting Threshold for cutting higher than at last two Fed meetings Has been more worried about inflation over jobs market There are still concerns about the jobs market

The data hasn’t changed since last projections in September In December, we’ll have new projections and will make a decision based on that new data We are keeping all options open given the uncertainties We’ve been getting such comments for several weeks now. The ECB continues to keep the door open for another rate cut,

U.S. President Donald Trump said in an interview with CBS News that the United States will prevent China from obtaining Nvidia’s most advanced semiconductor technology, underscoring Washington’s continued focus on restricting the flow of cutting-edge artificial intelligence hardware to its strategic rival. Trump reiterated that American-made high-performance chips are vital to national security and innovation

Prelim reading was 52.2 September final was 52.0 This is a a larger than expected revision but eyes are on the ISM survey at the top of the hour. The consensus is a reading of 49.5 from 49.1 previously. This article was written by Adam Button at investinglive.com.

The EURUSD is rebounding in the last few hours of trading, supported by softer economic data that has prompted some short covering. Interestingly, U.S. yields are not lower, with the 10-year up 1.3 basis points at 4.113%, while stocks are off their highs but also off the session lows. Technically, the pair has climbed back

First, Some quick Nasdaq related news from the last 24 hours on investingLive.com Swiss CPI and US ISM Manufacturing PMI lead the day with a light European docket and a modest baseline reaction unless surprises arrive. ECB and Fed speakers appear through the session. A Yale Budget Lab read shows the effective US tariff rate

Sector Overview: Technology Leads the Charge The technology sector is showing robust gains today, primarily driven by remarkable performances in semiconductors and consumer cyclical sectors. Nvidia (NVDA) leads the surge with an impressive 3.14% increase, while Micron Technology (MU) follows with a 5.72% uptick. These movements signify strong investor confidence amidst positive industry developments. Semiconductors:

Prior was 49.1 Prices paid 58.0 vs 61.5 expected (prior 61.9) Employment 46.0 vs 45.3 prior New orders 49.4 vs 48.9 prior Imports 45.4 vs 44.7 prior Production 48.2 vs 51.0 prior US stock markets opened higher but the S&P 500 fell to flat shortly before this report. There was also some pre-report selling in

Most people belief Powell knows. Does he know there’s no AI bubble? When asked whether the current boom in artificial intelligence resembles the dot-com bubble, Federal Reserve Chair Jerome Powell offered a clear distinction. “Yeah, this is different in the sense that these companies, the companies that are so highly valued actually have earnings and

Separately, Australian September Household Spending +0.2% m/m expected +0.4%,prior +0.1% spending on services was unchanged in the month, spending on goods +0.4% for the y/y +5.1% vs. +5.5% expected and +5% in August the improvement, while tiny, will be welcomed by the Reserve Bank of Australia but its a patchy recovery in consumer demand, with

South Korea’s manufacturing sector slipped back into contraction in October, ending a brief rebound as firms grew more cautious amid global uncertainty and the impact of U.S. tariffs. The S&P Global Manufacturing PMI for Asia’s fourth-largest economy fell to 49.4 in October from 50.7 in September, sliding below the 50-point threshold that separates growth from

Fed’s Miran: Will not commit to another dissent in December, things could change RBA preview: “material miss” on inflation erases rate cut bets ECB’s Kazimir: No time or need to fine-tune or overengineer monetary policy UK October final manufacturing PMI 49.7 vs 49.6 prelim ECB’s Simkus: Inflation to only shift marginally from target Eurozone October

I would not read too much into small deviations from a desired inflation path I see the risk as broadly balanced for both the economy and inflation Our next move could, in principle, be in either direction, depending on the signals we receive Kazimir has been neutral for a long time but this is the

Prior 46.2 Full report here Key findings: Output rises for first time in a year Total new orders and new export orders contract at slower rates Comment: Rob Dobson, Director at S&P Global Market Intelligence said: “The October PMI survey shows UK manufacturing production rising for the first time in a year, which is a

Goldman Sachs warned that the ongoing U.S. government shutdown is set to inflict the largest economic hit of any shutdown on record, both in scale and duration. The bank said the current halt in federal operations appears broader than the 35-day partial shutdown of 2018–19, impacting far more agencies and government functions. While a short

The major US stock indices are set to open higher with NASDAQ index leading the way. in premarket trading, the futures are implying: Dow industrial average up 44 points S&P index up 31 point NASDAQ index up 218 point Amazon announced a $38 billion deal with OpenAI to supply Nvidia chips. Both Amazon and Nvidia

Prior was 47.7 This isn’t great but for all the tariffs, it’s also not that bad either. There has been a slow recovery since Trump started with the tariffs. USD/CAD is up 51 pips to 1.4061 today with the loonie among the G10 worst performers. This article was written by Adam Button at investinglive.com.

Prior +0.2% CPI M/M -0.3% vs -0.2% expected Prior -0.2% Core CPI Y/Y +0.5% vs +0.7% prior We have misses across the board here. The data shouldn’t matter much as the SNB has already ended its easing cycle and will need strong reasons to go back into NIRP (negative interest rate policy). SNB’s Chairman Schlegel

The USDCHF is the biggest mover of the day (+0.46%), extending higher to test a key ceiling area between 0.8071 and 0.8076. The high reached 0.8078 so far, briefly peeking above that resistance zone. A sustained break above this region would boost buyer confidence and open the door for further upside targets from previous swing

As is usual for a Monday morning, market liquidity is very thin until it improves as more Asian centres come online … prices are liable to swing around, so take care out there. pre-ps: OPEC+ agrees to raise output by 137K bpd, as expected then they’ll do a TACO (but for OPEC) and pause hikes

Market-leading Fintech company X Open Hub was recently recognized by the UF AWARDS APAC 2025 as being the Best Liquidity Provider and Best Technology provider in Asia. The wins are exceptionally valuable, as the UF AWARDS are considered the industry’s most impartial and credible. The reason they have such a stellar reputation is largely because

Australia’s manufacturing sector slipped back into contraction in October, marking the first deterioration in factory conditions this year, according to S&P Global Market Intelligence. October final Manufacturing PMI comes in at a poor 49.7: flash reading was 49.7 51.4 in September Jingyi Pan, Economics Associate Director at S&P Global, said the October Manufacturing PMI showed

Prior was 51.5 Full report here Key findings: Stronger gains in both output and new orders Confidence improved, but staffing levels down slightly Price pressures dissipate Comment: Commenting on the PMI data, Jonas Feldhusen, Junior Economist at Hamburg Commercial Bank, said: “Spain’s manufacturing industry continued its upward trajectory in October, as reflected in the improvement

November 2025 – HFM, the global multi-asset broker with a strong presence across Africa has announced the launch of Score & Roar, its latest regional promotion that connects the region’s passion for football with trading opportunities. Running from November 1, 2025, to February 28, 2026, the campaign offers traders and partners across Africa the chance

The USD is higher vs most of the major currencies to start the US session, the new week, and the new month. The move continues the trend started last week after the Fed cut rates by 25 basis points but said December was not on a preset course to cut rates. Versus the 3 major

Chinese Premier Li Qiang will attend the opening of the China International Import Expo (CIIE) in Shanghai and deliver a keynote address, the Commerce Ministry announced via state media outlet Xinhua on Monday. I haven’t spotted a confirmed time for his speech. Li is attending the opening so its reasonable to expect his keynote on

Repeats neutral rate is quite a way below the current policy rate A lot of factors drive financial markets It is a mistake to make conclusions about monetary policy from financial conditions alone Some financial metrics are loose but housing conditions for example are tight Changes in the neutral rate mean policy has passively tightened

New Zealand Building Consents, September 2025: +7.2% prior +6.1% +27.3& for the y/y percent higher than the same month a year ago. Data from Statistics New Zealand. This article was written by Eamonn Sheridan at investinglive.com.

Prior was 49.5 Full report here Key findings: Output prices rise for first time in six months Comment: Commenting on the PMI data, Nils Müller Junior Economist at Hamburg Commercial Bank, said: “Germany’s manufacturing sector continued to tread water in October, with the headline PMI inching up to 49.6 from 49.5 in September, remaining just

EXPECTATIONS The RBA is widely expected to hold the Cash Rate unchanged at 3.6% tomorrow after the “material miss” (quoting RBA’s Governor Bullock) on inflation. In fact, the Australian Q3 inflation report last week surprised significantly to the upside, with the Trimmed Mean figure (RBA’s preferred inflation measure) printing at 1.0% Q/Q versus the RBA’s

A comment in Trump’s weekend interview with 60 Minutes (transcript here) should be a huge wakeup call to every country in the world. The US is positioning itself as a global defender in China’s rare earth case, saying it wants allies to continue to be able to get rare earths, and partnering with other G7

A new analysis suggests the effective U.S. tariff rate on Chinese imports is far lower than widely reported, challenging figures cited by both the media and former President Donald Trump. Citing research from the Budget Lab at Yale University, twitter commentator @RnaudBertrand noted that the average tariff actually applied to Chinese goods prior to the

Oil futures are open for trade, price pops after OPEC paused output hikes for Q1 2026. The news is here: OPEC+ agrees to raise output by 137K bpd, as expected More broadly on Globex, emini S&P 500 (ES) and NASDAQ (NQ) are up tiny also. This article was written by Eamonn Sheridan at investinglive.com.

China RatingDog PMI Manufacturing October 2025 is 50.6 expected 50.7, prior 51.2 China’s factory activity expanded at a slower pace in October as new orders and output weakened amid tariff uncertainty and softer global demand, a private survey showed Monday. The RatingDog China General Manufacturing PMI, compiled by S&P Global, eased to 50.6 from 51.2

Prior was 49.0 Full report here Key findings: Output volumes up marginally, despite fractional drop in order books Cost pressures intensify as charges discounted Confidence improves to strongest in over a year Comment: Commenting on the PMI data, Nils Müller, Junior Economist at Hamburg Commercial Bank, said: “October’s PMI data suggest that Italy’s manufacturing sector

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Reserve Bank of New Zealand – publishes 2025 bank stress test results Large banks well placed to withstand solvency, liquidity impact of severe scenario caused by worsening geopolitical risks Participating banks in stress test were ANZ Bank New Zealand, ASB Bank, BNZ, Kiwibank & Westpac New Zealand This article was written by Eamonn Sheridan at

Prior 46.3 The agency notes that protectionist policies continually weigh on the industry but add that the mood has improved since September. The manufacturing PMI has never been above 50.0 since January 2023, but the trend has been to the upside since the trough in July 2023. This article was written by Giuseppe Dellamotta at

Trump: Not really considering giving Ukraine Tomahawk missiles Says ‘could be’ U.S. troops on ground in Nigeria or air strikes More: There is no final straw for Putin Sometimes you have to let Russia-Ukraine get fought out I don’t set deadlines on Venezuela We have secret plans for Venezuela, lets see what happens Says will

The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate within a certain range, called a “band,” around a central reference rate,

We’ll have more insight on inflation in December Simkus spoke already on Friday and he’s not adding much here. He’s been leaning more on the dovish side, but it looks like he’s fine in keeping the policy rate steady now. This article was written by Giuseppe Dellamotta at investinglive.com.

Prior was 49.8 Full report here Key findings: New orders flatline and employment falls in October, but output creeps higher Comment: Commenting on the PMI data, Dr. Cyrus de la Rubia, Chief Economist at Hamburg Commercial Bank, said: “In the eurozone’s manufacturing sector, we can at best speak of a very delicate sprout of economic

Monday kicks off with manufacturing PMI releases for the Eurozone, U.K., Canada, and the U.S., followed by services PMI data two days later for some of the same countries and regions. On Tuesday, the highlight will be the RBA’s monetary policy announcement in Australia, while New Zealand will release its quarterly employment change and unemployment

JPY, JGB, Nikkei, UST traders note – it’s a market holiday in Japan today. It’s a Japanese market holiday today for Culture Day. The yen will continue to trade, of course: New Zealand Australia Singapore Hong Kong markets are all open. Interest and liquidity will be thinned out somewhat though. If you hate the yen

In the European session, we don’t have much on the agenda other than the Swiss CPI and the final PMI data for the major Eurozone economies and the UK. None of the data is going to change anything for the respective central banks, so the reaction will likely be muted. The Swiss CPI Y/Y is

China has abolished a long-standing tax incentive on gold sales, a policy shift that could lift consumer costs and alter pricing dynamics in one of the world’s largest bullion markets. Effective November 1, the Ministry of Finance said gold retailers will no longer be allowed to offset value-added tax (VAT) on gold purchased from the

UBS said that while no formal trade or cooperation agreement emerged from the latest U.S./China discussions, the tone of the talks was positive enough to support market sentiment. The bank described the outcome as a “modestly positive” result for global investors, suggesting it could sustain recent rallies in both U.S. and Chinese equities. UBS analysts

A couple of notes: The US and Canada switched off daylight saiving over the weekend. If you trade into North American markets you may nee to adjust your times It’s a market holiday in Japan today for Culture Day Featuring on the data agenda is the October 2025 Rating Dog China PMI published by Markit

Parent company Cboe Global Markets, based in Chicago, told investors it has begun a formal sale process for both Cboe Australia, which handles equities trading and exchange-traded fund listings, and Cboe Canada, as it refocuses on its core operations and other global growth opportunities. Roughly one-fifth of Australian equities trading currently routed through Cboe’s platform.

USD/JPY expiries remain heavily concentrated near the 150 strike — a key psychological and technical level — while notable euro and sterling interests at 1.1450 and 1.3100 could help anchor ranges into the New York cut. EUR/USD: 1.1450 (€771.9m), 1.1400 (€686m) USD/JPY: 150.00 ($1.13bn), 152.50 ($401.3m), 151.50 ($385.4m) AUD/USD: 0.6600 (A$338.6m) GBP/USD: 1.3100 (£468m), 1.3350

Melbourne Institute monthly CPI survey, for October 2025. 3.1% y/y prior 3.0% 0.3% m/m prior 0.4% The data suggest price pressures remain sticky, keeping inflation just above the Reserve Bank of Australia’s 2–3% target band. While the uptick is modest, it reinforces the RBA’s cautious stance on policy easing, with officials likely to seek further

The Kremlin said on Friday that Moscow places high importance on Russian Prime Minister Mikhail Mishustin’s upcoming visit to China, viewing it as a key event in the two countries’ growing strategic partnership. A Kremlin spokesperson told reporters that Russia hopes Mishustin will meet with Chinese President Xi Jinping during the trip, describing such engagement

I posted on Deutsche Bank’s view of the European Central Bank on Friday, Deutsche Bank: Eurozone resilience keeps ECB doves in check but have more to add now following its latest commentary. From the note, in brief: As expected, the ECB kept policy rates unchanged for a third consecutive meeting in October. President Christine Lagarde

Barclays have joined Goldman Sachs in expecting the Bank of England to cut its benchmark Bank Rate by 25bp to 3.75% at its meeting on Thursday November 6, 2025. The Bank of England has plenty to cite if they do go with a cut this week: weaker-than-expected UK data includes slowing wage growth, a cooling

People’s Bank of China USD/CNY reference rate is due around 0115 GMT. The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate

Federal Reserve Governor Christopher Waller said Friday that the U.S. central bank should proceed with another interest rate cut in December, arguing that recent weakness in the labour market outweighs concerns about inflation — even as official data releases remain frozen by the government shutdown. “We know inflation is going to come back down,” Waller

The US and Canada switched off daylight saving over the weekend. If you trade into North American markets you may need to adjust your times. For those of us in Australia US RTH now begin an hour later in local time. If you are elsewhere its probably the same, but DYOR! For the east coast

It was a lively day in terms of price action as US stocks started very strongly, then sold off and eventually fell into negative territory in the mid-afternoon. Bids arrived late though and US stocks marched all the way back close (but not above) the intraday highs. In the last 10 minutes of trading, there

Fed’s Schmid: Dissented against rate cut because of continued momentum in economy Fed’s Bostic:Eventually got behind the cut this week.Fed’s Hammack says would not have cut Fed’s Logan (voter in 2026) says she would have preferred to hold rates Canada August GDP -0.3% vs 0.0% expected Trump told Xi: Chip sales are “between you and

I love it when a new month starts on a Monday and that’s the just the beginning of the good news for November. The clocks go back this weekend and the weather gets worse but it’s a great month for risk assets. Best month for the Nasdaq Second-best month for the S&P 500 Second-best month

OPEC+ raised output by 137,000 barrels per day, which is the same pace as last month. This round of output hikes kicks in for December but the group is clearly worried about winter oversupply as they agreed to pause hikes for Q1, 2026. That should lend some support to crude oil Monday, as it wasn’t

CNBC’s Kristina Partsinevelos reports: Trump told Xi chip sales are “between you and Nvidia.” Huang must clear antitrust, backdoor H20 risks, and energy failures. By then, a source says B30A launching mid-2026 is 50% performance and a generation behind Rubin. Beijing stalling lets developers migrate to Huawei. I think there is some worry in US

As London/European traders head for the exits, the major US stock indices are trading at Lowe’s for the day. The Dow industrial average is now down -0.18% or -89 points. At session highs the index was up 150 points. S&P index is up 3.24 points or 0.05%. At session highs the index was up 52.26

95-year-old Warren Buffett already announced that he will be stepping down from Berkshire Hathaway at year end. In February, successor Greg Abel will pen a annual shareholder letter but the WSJ reports today that Buffett will publish two letters on November 10 — one to Berkshire Hathaway shareholders and one to his three children, presumably

Fed’s Bostic is saying: Eventually got behind the cut this week Dual mandates are in tension supported a cut because it still feels we are in restrictive territory. Need to get inflation to 2%. Lesson half of upward price pressure is being reported as from tariffs. We have to see more progress before comfortable getting

Inflation expectations anchored Should proceed based on what data is telling us Should look through tariff-driven inflation Excluding temporary inflation, PCE is running at 2.5% Biggest concern now is labor market Still advocates cutting rates in December Right thing to do is to keep cutting He wants that Fed job. This article was written by

Here is a look at the week ahead from Earnings Whispers. I can’t believe D-Wave Quantum is getting top billing there above ConocoPhillips. The first is a company that reported $3.1 million in revenues last quarter and the second had $14 billion. That goes to show that we’re alot closer to the top than the

Sun: US clocks change (LDN-NY gap reverts to 5hrs); OPEC-8 Meeting. Australian Final PMIs (Oct) Mon: Japan Culture Day Holiday; Swiss CPI (Oct), EZ, UK & US Final Manufacturing PMI (Oct), US ISM Manufacturing PMI (Oct), Construction Spending (Sep) Tue: RBA Announcement & SoMP, French Assembly Budget (PLF/Revenue) Vote; Canadian Trade Balance (Sep), New Zealand

BlackRock unit among lenders hit by $500 million alleged private-credit fraud. The Wall Street Journal (gated) reports. BlackRock’s private-credit arm and several other lenders are seeking to recover over $500 million after what they describe as a “breathtaking” case of fraud in the opaque U.S. private-credit market. The lenders accuse Bankim Brahmbhatt, owner of Broadband

TD Securities said the Bank of Japan’s decision to keep its policy rate unchanged at 0.5% was fully in line with expectations, with the same two board members again dissenting in favour of a hike. The firm described the central bank’s latest economic assessment as largely unchanged from July, despite a minor upgrade to 2025

China PMIs China Manufacturing PMI for October 2025 is a poor 49.0, in contraction for the seventh month in row 6-month low expected 49.6, prior 49.8% Non-manufacturing 50.1 expected 50.1, prior 50.0 Composite 50.0 prior 50.6 — China has two primary Purchasing Managers’ Index (PMI) surveys – the official PMI released by the National Bureau

Nomura sees UK gilts as Europe’s most attractive bond bet Nomura Asset Management is increasing its holdings of UK government bonds, arguing they offer better value than eurozone peers thanks to higher yields and improving domestic fundamentals, according to a Bloomberg interview with Yuji Maeda, head of global fixed income at the $646 billion fund.

Japan’s finance minister issues fresh warning over rapid yen moves Japan’s Finance Minister Satsuki Katayama delivered a pointed warning over what she described as “one-sided, rapid” currency moves, in her latest attempt at verbal intervention to steady the yen after recent weakness. Katayama said it was “important for currencies to move in a stable manner

Australia Private Sector Credit September 2025: 0.6% m/m vs. expected 0.6%, prior +0.6% also 7.3% y/y, fastest since January 2023 prior 7.2% This article was written by Eamonn Sheridan at investinglive.com.

Australian Q3 PPI +1.0% q/q prior +0.2% +3.5% y/y prior +3.4% The Australian Bureau of Statistics said the quarterly rise of 1% was driven by growth in the services and construction industries, while sustained demand for residential property continued to drive rental price increases. Forget about Reserve Bank of Australia rate cuts for a good

People’s Bank of China USD/CNY reference rate is due around 0115 GMT. The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate

The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate within a certain range, called a “band,” around a central reference rate,

Friday FX Option Expiries (10:00am New York cut): EUR/USD: 1.1715 (€766.5m), 1.1322 (€626.3m) USD/JPY: 152.50 ($1.42bn) AUD/USD: 0.6600 (A$888.1m) USD/CAD: 1.3850 ($1.03bn), 1.3950 ($945m) GBP/USD: 1.3250 (£314.3m) EUR/GBP: 0.8895 (€309.3m) USD/CNY: 7.0900 ($350m) Larger expiries clustered in USD/JPY and USD/CAD; moderate interest in EUR/USD and AUD/USD. This article was written by Eamonn Sheridan at investinglive.com.

Trump cementing his place as a war president with his decision to resume US nuclear bomb testing. Earlier: Trump says instructed department of war to start testing our nuclear weapons Axios provide background and implications: The U.S. hasn’t conducted a nuclear test since 1992. If Trump follows through on the decision to resume testing, it

Markets are firmly convinced that the arrival of Prime Minister Sanae Takaichi will mean monetary policy will remain loose for longer. Since her elevation to Liberal Democratic Party leader on October 4 and subsequent confirmation as Prime Minister on October 21, investors have assumed the Bank of Japan will continue with ultra-accommodative settings aligned with

Trump: Because of other countries testing programs, I have instructed department of war to start testing our nuclear weapons on an equal basis Process will begin immediately Trump osted his announcement on social media. This article was written by Eamonn Sheridan at investinglive.com.

U.S. Commerce Secretary Lutnick announces South Korea $200M investment in Alaska’s natural gas project. says semiconductor tariffs are not part of U.S.-South Korea deal This article was written by Eamonn Sheridan at investinglive.com.

China’s Premier Li says its necessary to Implement requirements of high-quality development in all fields and aspects of economic and social development Promote high-quality development as the theme, reform and innovation as the fundamental driving force, meet the people’s growing needs for a better life Focus more on strengthening the domestic cycle, coordinate the implementation

Toyota Motor CEO Koji Sato said the automaker does not face an immediate chip shortage following China’s export curbs on Dutch semiconductor firm Nexperia, though he acknowledged potential production risks if restrictions persist. Speaking at the Japan Mobility Show in Tokyo, Sato said there’s some risk, but it’s not like we’re facing shortages tomorrow. Adding

The long awaited meeting has begun. Earlier: Senate Democrats warn Trump: Don’t trade away national security secrets for China deal Trump trading away top AI and associated technology for soybean sales is a key risk As posted earleri: The meeting is expected to go for around three to four hours. prior negotiations took place between

The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate within a certain range, called a “band,” around a central reference rate,

The California Public Employees’ Retirement System (Calpers), the largest U.S. public pension fund, said it will vote against Elon Musk’s proposed $1 trillion compensation package at Tesla, setting up a major challenge to one of the biggest pay deals in corporate history. In a statement, Calpers said the proposal is “vastly greater than those of

The European Central Bank is all but certain to keep interest rates unchanged for a third straight meeting on Thursday, taking comfort in a rare stretch of economic calm marked by inflation at target and steady, if unspectacular, growth. After cutting rates by a combined two percentage points between January and June, the ECB has

Toyota executive Ueda: We are still discussing internally about reverse imports from United States Japanese government is taking positive view on issue of reverse imports from US Camry one option for reverse imports We didn’t specifically say that we will invest $10 billion in the US over the next few years We communicated to us

Bessent has praised Bank of Japan independence from the government: Bessent says Japan government gives Bank of Japan policy space, avoid excess FX volatility His comments have sent the yen stronger. Some will accuse Bessent of being a two-faced hypocrite given his government’s inference in the the US central bank, the Federal Reserve, pressuring for

The Australian Q3 2025 inflation data is here: Australian Q3 Core inflation (trimmed mean) +1.0% q/q (expected 0.8%, RBA forecast 0.6%) The result takes a November Reserve Bank of Australia rate cut off the table. And December too. Reserve Bank of Australia Governor Bullock said this week athat a 0.9% trimmed mean was the line

The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate within a certain range, called a “band,” around a central reference rate,

Q3 and September month inflation data for Australia – it’s the quarterly data that is of most focus Australia Q3 CPI data: Trimmed mean CPI +1% q/q (expected +0.8%, prior +0.6%) CPI (all groups) +1.3% q/q (expected +1.1%, prior 0.7%) Weighted median CPI +1% q/q (expected +0.9%, prior 0.6%) Trimmed mean CPI +3% yr/yr (expected

US Treasury Secretary Bessent in X post: Govt’s willingness to allow BoJ policy space will be key to anchoring inflation expectations, avoiding excess FX volatility encouraged by Japan FinMin’s deep understanding of how Abenomics has moved away from purely reflationary policy to program that must balance growth, inflationary concerns The yen has added on a

Trump statement on something the Wall Street Journal had floated Tuesday US time. WSJ: Trump looking to lower tariffs on Fentanyl Trump now: expects to lower fentanyl linked tariffs on China will discuss farmers, fentanyl with China not sure will speak about Taiwan with Xi May speak about Nvidi;s Blackwell chip with Xi I think

People’s Bank of China USD/CNY reference rate is due around 0115 GMT. The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate

South Korea’s Lee: Protectionism and nationalism are rising Trade environment very different now from 20 years ago Proved shared trust is key to shared prosperity during crises Supply chain cooperation is key Business leaders in Asia Pacific region have helped achieve shared prosperity through cooperation Hopes solutions will be sought jointly to crisis at APEC

Fed poised to cut rates, but Powell expected to stay cautious The Federal Reserve is widely expected to deliver a quarter-point rate cut this week, while Chair Jerome Powell is likely to offer little in the way of new policy guidance amid growing divisions on the committee. Powell has recently underscored rising risks to the

JPY is getting a bit of a tailwind from the meeting coming up between Trump and Japan PM Takaichi. Coming up today – Trump meets Japan’s Takaichi to deepen defence, trade cooperation Takaichi has already begun ingratiating herself: Japan PM Takaichi making final arrangements to recommend Trump for Nobel Peace Prize. Hoping for a good

Australian Federal Police and the corporate watchdog, ASIC, have raided WiseTech’s headquarters part of an investigation involving alleged insider trading WiseTech Global is a firm focused on software solutions re logisitcs. A company statement said ASIC and the AFP executed a search warrant requiring the production of documents regarding alleged trading in WiseTech shares by

The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate within a certain range, called a “band,” around a central reference rate,

British retailers cut prices in October for the first time since March, led by the steepest fall in food costs in nearly five years, according to the British Retail Consortium (BRC). Shop prices declined 0.3% from September, while food prices dropped 0.4%, the biggest monthly fall since December 2020. On an annual basis, overall shop

Japan economy minister Kiuchi: FX moves are determined by various factors Weak yen pushes up domestic inflation via rising import costs, could push down effective purchasing power of households, some firms Weak yen has benefit to economy by pushing up exporters’ profits, domestic capex Important for FX moves to reflect fundamentals, be stable It’s important

People’s Bank of China USD/CNY reference rate is due around 0115 GMT. The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate

Trump and Japanese Prime Minister Takaichi sign on framework for securing the supply of critical minerals and rare earths. This was flagged as to happen today, and here it is. White House statement: US and Japan plan to use economic policy tools and coordinated investment to accelerate the development of diversified, liquid, and fair markets

U.S./China relations are likely to remain locked in a recurring pattern of confrontation and compromise, according to Nomura’s Chief China Economist Lu Ting. Lu said the world’s two largest economies appear to be settling into a “tension–escalation–truce” cycle that will define their relationship for the foreseeable future. Recent trade talks in Kuala Lumpur suggested a

Japan PM Takaichi: Was enjoying watching Major League Baseball match with President Trump To Trump: Thank you for enduring friendship with late PM Shinzo Abe Trump contributed to Asia’s peace including Thai-Cambodia deal Middle East deal was unprecedented histrical achievement I highly value your commitment to world peace and stability Ready to promote further collaboration

S&P Global Ratings has assigned Michael Saylor’s Bitcoin-focused company, Strategy, a “B-” credit rating, placing it in the speculative, non-investment-grade category often referred to as “junk.” rating comes with a stable outlook first time a Bitcoin-treasury-centric firm has received an S&P assessment In its review, S&P cited Strategy’s heavy reliance on Bitcoin holdings, narrow business

Ex-PBOC adviser calls for 2008-style mega stimulus to revive China’s economy A former People’s Bank of China (PBOC) adviser has called for a massive infrastructure-led stimulus, urging Beijing to model its next five-year plan on the scale of the 2008 spending package that helped lift China out of the global financial crisis. Yu Yongding, a

Shanghai Composite Index has hit a new 10-Year high, Shanghai Composite Index +0.48% Shenzhen Component +1.2% ChiNext +1.75% Following the positive trade talk news over the weekend: Positive signs emerge of a US-China deal Bessent says China to resume U.S. soybean buys, delay rare-earth curbs as trade deal nears This article was written by Eamonn

The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate within a certain range, called a “band,” around a central reference rate,

China is ready to build a “more stable and strategic partnership” with Australia, Premier Li Qiang told Prime Minister Anthony Albanese during talks in Malaysia, according to state news agency Xinhua. The meeting underscores ongoing efforts by both countries to stabilise relations after several years of trade and diplomatic friction. Li’s remarks suggest Beijing seeks

Japan’s service inflation accelerates: Japan September Services Producer Price Index +3% y/y (expected +2.7%, prior +2.7%) Preview – BOJ expected to hold rates as Takaichi’s fiscal tilt and U.S. risks weigh A key gauge of Japan’s service-sector inflation rose for the second consecutive month in September, reinforcing the Bank of Japan’s (BOJ) confidence that rising

China September industrial profits +21.6% y/y, biggest jump since November 2023 prior +20.4% rebound in corporate profitability helped by Beijing’s policies aimed at curtailing fierce price competition YTD + 3.2% y/y, biggest jump since August 2024 prior +0.9% This article was written by Eamonn Sheridan at investinglive.com.

Some politics news of note, Trump’s US$20bn bail out of Milei seems to have propelled him to the election win. Via WSJ (gated) wrap-up: President Javier Milei decisive political win tightens his grip on Argentina’s Congress with over 90% of votes counted, Milei’s Freedom Advances party won almost 41% of the national vote, stronger than

HSBC Holdings said it will record a $1.1 billion provision to cover potential losses from an ongoing legal case in Luxembourg linked to the Bernard Madoff investment fraud: a subsidiary is defending a claim filed by Herald Fund SPC, which is seeking restitution of securities and cash related to investments tied to Bernard L. Madoff

Japan Chief Cabinet Secretary Kihara: won’t comment on forex levels Important for currencies to move in stable manner reflecting fundamentals Closely watching excessive, disorderly moves in FX market Forex both positively, negatively affect economy This article was written by Eamonn Sheridan at investinglive.com.

China premier: China willing to work with EU to keep bilateral relations on right track China premier met with European Council President Antonio Costa This article was written by Eamonn Sheridan at investinglive.com.

Trump is still crying about an ad that clearly captured how Ronald Reagan felt about tariffs. This is surely just some kind of squeeze to try to get a better tariff deal. Canada was caught, red handed, putting up a fraudulent advertisement on Ronald Reagan’s Speech on Tariffs. The Reagan Foundation said that they, “created

The major US stock indices closed at new record levels. Lower-than-expected CPI, the expectation for Fed cut next week, and FOMO (fear of missing out), sent prices higher. Intel did report better than expected earnings after the close yesterday, helping to send chip stocks higher. AMD was also boosted after IBM, said it is able

The EURUSD traded both lower and higher today, extending to the upside after the weaker U.S. CPI data. However, sellers leaned against a swing area between 1.1645 and 1.1659, capping the move and sending the pair back down. The price has since settled back between the 100 and 200 hour MAs (blue and green lines)

Dialogue between Russia and USD is continuing despite recent unfriendly steps from Washington. Such dialogue is only possible if Russia’s interests are treated with respect. Various forces, mainly UK and Europeans, trying to derail direct dialogue between Putin These things are going nowhere but the gameplan of grooming Trump (blaming UK and Europe) is back

The GBPUSD moved higher after the weaker-than-expected U.S. CPI report, but the rally quickly lost steam once price reached the 100-hour moving average. Buyers turned to sellers, capping the move and sending the pair back lower. The decline pushed the pair below the key swing area between 1.3323 and 1.3341, and through the early-week lows

Major European indices are closing higher on the day and for the week as well: German DAX, +0.13%. For the week 1.72% France’s CAC, unchanged. For the week +0.63% UK’s FTSE 100 +0.70%. For the week +3.11%. Spain’s Ibex, +0.44%. For the week +1.67%. Italy’s FTSE MIB +0.25%. For the week +1.74% As London/European traders

The weekly Baker Hughes rig count data showed: Oil +2 to 420 Gas unchanged at 121 Total rigs +2 to 550 Crude oil rallied strongly this week, gaining 7.9%. The move higher was fueled by several catalysts. First, the U.S. government announced plans to purchase oil for the Strategic Petroleum Reserve (SPR), calling it “a

Next week, the FOMC rate decision on Wednesday will be the highlight at 2 PM. Fed chair Powell press conference will follow at 2:30 PM ET. The Fed is expected to cut rates by 25 basis point after cutting rates by 25 basis point at the last meeting and forecasting to more interest rate cuts

The major stock indices are extending to new session rise as the day works toward a close. The NASDAQ index is up 317 points or 1.3%. The S&P index is now up 1% on the day. Both the S&P and NASDAQ are on pace to close at record levels as is the Dow industrial average

The USDCAD popped higher earlier after Pres. Trump announced he was terminating trade talks with Canada, blaming Ontario ads that painted former Pres. Reagan as anti-tariff. The headline lit a quick rally, but sellers leaned against the 200-hour MA, halting the move. The pair briefly broke above that level before fading on softer U.S. CPI

Stocks trading at new highs as buyers plow in ahead of key earnings next week With US govt still shut, focus next week in the US will be on earnings and the Fed Baker Hughes oil rig count +2 at 420. Crude oil is trading near unchanged on the day. European indices close higher on

Japan finmin Katayama: Need to take various factors into account when asked possibility of raising financial income tax It’s not that the cabinet has decided against government’s target of achieving primary budget surplus Hopes the Bank of Japan will continue appropriate dialogue with markets Hope BOJ will continue appropriate dialogue with markets Hope that BOJ

China deputy head of Office of Financial, Economic Affairs Commission: External environment uncertain, unstable Economy on solid foundation Fundamentals supporting long-term growth remain unchanged Must move faster to implement new development paradigm This article was written by Eamonn Sheridan at investinglive.com.

I posted earlier from Goldman Sachs: Goldman Sachs stands by $4,900 gold forecast fespite 6% price dip Similar now, with strategists at JPMorgan believe the metal’s price could more than double within the next three years. dismissed the recent tumble, the biggest one-day drop in more than a decade, as a technical profit-taking event by

Asia’s resilience to U.S. tariffs is at risk if the supportive financial conditions that have helped so far reverse, a senior IMF official warned. Krishna Srinivasan, the IMF’s Asia director, said low interest rates and a weak dollar have allowed Asian economies to weather the tariff shock and borrow cheaply. But he warned these favourable

How many times have we heard this? A key adviser to China’s central bank has called for a “stronger fiscal push” to repair the damaged finances of households and corporations, warning that recent signs of economic resilience are concealing the true impact of the U.S. trade war. Speaking at the Bund Summit in Shanghai, Huang

The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate within a certain range, called a “band,” around a central reference rate,

The earlier news was of China-US talks next week, not direct Xi-Trump talks: China and US start fifth round of trade talks in Malaysia today to prep for APEC In the meantime, the White House has said that two will meet on Thursday October 30. This article was written by Eamonn Sheridan at investinglive.com.

Intel’s Turnaround Gains Momentum After Solid Q3. Bloomberg Analyst Says Execution Will Be Key Key and I Ask If There’s More Meat After the Earnings Move? Intel’s long awaited turnaround story is finally beginning to take shape. Despite what appeared to be a slight miss in its fourth quarter guidance, Bloomberg Intelligence Senior Semiconductor Analyst

South Korea’s Industry Minister has revealed the country is seeking a major U.S. investment package, directly linking the request to the success of ongoing tariff negotiations. In a move that formally connects U.S. investment commitments to trade policy, the minister stated that the desired sum would be “smaller than $350 billion”, seeks smaller cash portion

China state planner head: Economy relies on the real economy to move towards future Strong domestic demand is strategic underpinning for China’s modernisation There is room, potential for China to expand domestic demand Will implement some major investment projects Will improve structure of government investment Increase proportion sent to people’s livelihoods Will limit local market

Shares of Tesla fell on earnings and have continued lower so far during the conference call. The company warned about “near-term uncertainty” on sales and profits but said there were long-term growth prospects. Revenues topped estimates but earnings missed. Details: EPS 0.50 vs 0.56 expected Revenue $28.095B vs $26.70B expected (record quarter) Note that this

Canadian Prime Minister Mark Carney is delivering a major speech ahead of his first budget to be The US has fundamentally changed its approach to trade It’s not a smooth transition, it’s a rupture The decades-long process of economic integration with the US is over Our relationship with the United States will never be the

Says whenever he speaks with Putin they are good conversations but don’t go anywhere Says it didn’t feel right to have a meeting with Putin, so he cancelled it Oil prices rose 3.7% today in their best day since July as the sanctions likely leaked out ahead of time, and then rose further afterwards. WTI

OFAC (Office of Foreign Assets Control) is designating a number of Russia based Rosneft and Lukoil subsidiaries All entities owned 50% or more, directly or indirectly, by Rosneft and Lukoil are blocked even if not designated by OFAC. It’s becoming increasingly evident that Vladimir Putin has a habit of overpromising and underdelivering—likely by design. Last

United Rentals shares are down 7.7% after hours and normally that’s a terrible sign for the real economy but I’d argue against that take today. Shares have plunged to $925 from $990 at the close at $1008 earlier today. Part of the drop is because some major expectations have been building as shares ripped to

Prior was +1 Confidence +2 vs 0 prior This index fell to a post-pandemic low in May but has recovered back to May 2024 levels since. The quarterly Australia NAB Quarterly Business Survey offers a detailed snapshot of business conditions and sentiment across sectors, providing richer insights than the usual monthly release. It tracks indicators

Long meeting scheduled with China’s Xi in South Korea and thinks something will work out Says it did not feel right to have a meeting with Russia’s Putin, so he canceled it, and felt it was time for Russian sanctions. Hopes sanctions won’t be on for long with Russia. Whenever he speaks with Putin they

The yen is the early loser in today’s FX trade as the slump that started with the LDP selection of Sanae Takaichi continues. There was initially a sharp drop in the yen (i.e. a rise in USD/JPY) after the October 6 selection but that tempered as she initially struggled to form a government followed by

Former Bank of Japan Executive Director Maeda thinks market pricing for the Bank of Japan isn’t hawkish enough. He says the BOJ is likely to raise rates in either December or January. That contrasts with market pricing at 45% for December and 73% for January. He then sees a further hike to 1% some time

US President Donald Trump may be strengthening his tactics in an effort to end the war in Ukraine, sanctions that truly bite Russian oil production. Today he announced sanctions on Russia’s two largest oil companies after a planned meeting with Putin was called off. Trump said he “felt it was time” for the sanctions, noting

Netflix (NFLX) shares fell roughly 6% in after-hours trade Tuesday after the streaming giant’s Q3 earnings revealed healthy topline growth but a notable step back in profitability — with investors noting margin compression. Revenue: $11.51B vs $11.51B expected EPS: $5.87 vs $6.97 expected Revenue rose 17% year-on-year to $11.51B, right in line with Netflix’s forecast,

Gold was down $10 a short time ago in early Asia-Pacific trading but steadied there and has since rebounded to unchanged since the NY close. We’re coming up on 9 am in Tokyo and 8 am in Beijing so the next few hours will be a big test. Gold was steady in Asian trade yesterday

All eyes are on precious metals as we head into Asia-Pacific trading, following the 5.3% drop in gold yesterday and 7.11% in silver. Will Asia buy the dip or will the selling continue? Economic data and news won’t be a big distraction, at least the scheduled variety. The lone indicator on the calendar is the

Will safeguard global supply chain stability I wonder if it will ever be possible to address some of the real concerns about China while keeping trade largely open. China seems to be taking the problems of industrial over-capacity to heart, or at least offering token assurances. Surely they can understand why other countries wouldn’t want

Gold is down $80 in a heartbeat as Asia-Pacific traders come online. The selling came almost immediately as Japanese markets opened and now gold is trading at $4040. The big figure looms large. This article was written by Adam Button at investinglive.com.

Mint reports: India and the US are closing in on a long-pending trade deal that could slash the current tariffs for Indian exports to 15–16% from a punishing 50%, according to three people aware of the matter. The report also says India may gradually reduce imports of Russian oil while allowing in some GMO corn

Front month copper traded at $4.94 and held up well in the rout in precious metals prices. Many copper miners (often because of associated gold production) were beaten up anyway. Today, TD Cowen was out with a report highlighting a tightening market and they boosted their 2026 price to $5.25 from $4.40 previously. They also

Prior was -¥242.B Exports +4.2% y/y vs +4.6% expected Imports +3.3% y/y vs +0.6% expected There was a surprise rise in imports that kept Japan in a trade deficit. Exports to USA -13.3% y/y Exports to Asia +9.2% y/y Exports to EU +5% y/y Exports to China +5.8% y/y This article was written by Adam

Oil – private survey of inventory shows a large drawdown Major US stock indices close mixed The US to China soybean sales? $0 UK Chancellor aims to support BoE rate-cut path Open AI confirms it will launch ChatGPT Atlas, an AI-powered web browser Trump: We will discuss a lot of things with China Pres. Xi

I keep getting the sense that Trump is in dealmaking mode. Earlier we head about a potential deal with Indian and now his agenda is coming into focus. It will include a visit to Japan from Oct 27-29. Previous reports suggested Trump would visit Japan after the APEC summit from Oct 31-Nov 1 but now

‘Cutting red tape’ is always a cheap shot for a politician. Let’s see how this goes. The UK Chancellor, Rachel Reeves, is scheduled to unveil a new deregulation initiative at the Regional Investment Summit in Birmingham on Tuesday. According to the Treasury, the plan involves a “crackdown on needless form-filling” and is aimed at scrapping

OK, here we go, time to lose some sleep over this! Risk for the S&P 500? Say it ain’t so! Bank of America has warned that the S&P 500 faces a significant risk of “forced selling” due to growing problems in the opaque private lending market. The bank cautions that a popular investor strategy has

Getting down into the stock picking weeds! This from a Dow Jones/Market Watch piece, in summary. Morgan Stanley strategist Mike Wilson has declared a “historically opportunistic stock picking environment,” arguing that a wide divergence in company earnings prospects is creating new opportunities for investors. In a recent note, Wilson’s team said their strategy is to

The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate within a certain range, called a “band,” around a central reference rate,

South Korea’s economy is showing further signs of weakness, with new data revealing a significant drop in exports for the start of October. Despite this, the Bank of Korea (BOK) is overwhelmingly expected to hold interest rates steady at its meeting this week, prioritising financial stability over immediate stimulus. Preliminary data from the customs agency

China Commerce Ministry announces 2026 crude oil import quotas and application rules for non-state traders permits non-state trade imports of 257 million metric tons of crude oil in 2026. This is the same quota as this year. Its likely to be perceived as the Chinese government not expecting a growth in demand. — What is

China permits non-state trade imports of 257 million metric tons of crude oil in 2026 PBOC sets USD/ CNY mid-point today at 7.0930 (vs. estimate at 7.1219) South Korean exports fall 7.8% in October, fuelling bets on a November BOK rate cut I’ll be at the ‘Australia FIX Conference 2025’ on Wednesday, Sydney time –

People’s Bank of China USD/CNY reference rate is due around 0115 GMT. The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate

I’m excited to be heading to the Australia FIX Conference 2025 on Wednesday, in Sydney Australia. The Australia FIX Trading Community Conference is a landmark event in the nation’s trading calendar, drawing over 300 of the brightest minds in institutional trading for a dynamic day of insights, innovation, and networking. As a defining moment for

Standard Chartered: raises China’s 2025 GDP forecast to 4.9% says yesterday’s data showed mixed signals: exports resilient, investment a sharp decline, with weakness spreading beyond the property sector consumption weakened continued weakness in domestic demand, particularly in investment expects additional fiscal support measures overcapacity and global uncertainty may delay investment plans in the near term

People’s Bank of China sets its 1 and 5 year Loan Prime Rate (LPR) rates unchanged. The PBOC uses the reverse reop rate as its main policy rate now. Currently 1.4%. Most lending in China is tied to the one-year LPR, while the five-year rate guides mortgage pricing. Both rates were last trimmed by 10

China September rare earth magnet exports at 5,774 metric tons, down from 6,146 tons in August-customs data Germany, South Korea, Vietnam, the United States and Mexico are China’s top five export destinations for rare earth magnet by volume in September-customs data China’s September rare earth magnet exports to the United States fell 28.7% from August-customs

more to come China New Home Prices -0.41% m/m, fastest fall in 11 months prior –0.30% y/y -2.2% (prior -2.5%) Used Home Prices -0.64% m/m prior –0.58% -3.2% y/y (prior -3.5%) Home prices in 70 major cities in China fell m/m. The property crisis in China has been ongoing for multiple years. Its continuing to

Economic growth data from China for the July – September quarter Gross Domestic Product (YoY) (Q3) +4.8%, in line with the consensus expectation expected +4.8%, prior +5.2% Gross Domestic Product (QoQ) (Q3) +1.1%, beating expectations expected +0.8%, prior +1.1% more to come This article was written by Eamonn Sheridan at investinglive.com.

Chinese economic activity data for September 2025. Retail Sales (YoY) +3.0% expected +2.9%, prior +3.4% Industrial Production (YoY) +6.5% expected +5.0%, prior +5.2% Fixed Asset Investment (YTD) (YoY) -0.5% expected +0.2%, prior +0.5% Property Investment YTD (Y/Y) -13.9% expected –13.1%, prior –12.9% This article was written by Eamonn Sheridan at investinglive.com.

The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate within a certain range, called a “band,” around a central reference rate,

People’s Bank of China USD/CNY reference rate is due around 0115 GMT. The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate

Moody’s Analytics forecasts that China’s economic data, due for release at the top of the hour, will show a significant deceleration in growth. The firm anticipates GDP growth will slow sharply to 4.2% year-on-year, down from 5.2% in the second quarter. Further weakening is expected in domestic demand, with retail sales growth forecast to ease

The Reserve Bank of New Zealand (RBNZ) sectoral factor model of core inflation 2.7% y/y in Q3 prior also 2.7% Earlier: New Zealand Q3 CPI +1% q/q (expected +1%) and +3% y/y (expected +3%) The RBNZ target band is keeping inflation within 1% to 3%. *** Reserve Bank of New Zealand’s sectoral factor model of

China’s top trade negotiator Li Chenggang removed from post as permanent WTO representative Xinhua report. No further details for now. This article was written by Eamonn Sheridan at investinglive.com.

US Treasury Secretary Scott Bessent will meet Chinese Vice Premier He Lifent in Malaysia next week to try to make progrses on trade. “We will meet in-person next week to continue our discussions,” Bessent wrote, after saying they had spoken on the phone Friday and engaged in detailed discussions. Trump will also travel next week

A report earlier today indicated that Treasury Secretary Scott Bessent will speak by phone today with Chinese Vice Premier He Lifeng to discuss the ongoing trade negotiations. It’s not clear what time that was scheduled for as it would have had to been early this morning Washington time or late this evening, in order for

S&P 500 futures are now more than 130 off the lows in a massive reversal of earlier losses. Futures are now up 39 points, in part because Trump keeps repeating that he expects China will be ‘fine’. This article was written by Adam Button at investinglive.com.

BOE’s Greene is speaking and says: Core and services inflation are going sideways. Indications are in disinflation process is slowing. Concerned about second-round effects of inflation Firms more sensitive to upside inflation surprises. Policy not meaningfully restrictive Should slow down rate cutting cycle Slack has opened up in the labor market making wage part of

At times, the Fear & Greed index is a somewhat-useful indicator of market sentiment, particularly at extremes. But somehow it’s showing ‘extreme fear’ at the moment despite the S&P 500 being just 1.8% off the all-time high set just last week. On the face of it, that should be a strong buy signal for stock

The Fed’s Musalem: I could support a path with another cut if more risk to jobs emerge and inflation remains contained Fed should not be on a preset course, and followed balance approach Sees limited space before rate cuts would make policy accomodative Important for the Fed to be cautious right now Does not make

No one looks smart calling for stock markets to go up, but you can look smart or you can be right so here’s what I’m thinking: The market got skittish in October. To me, it wasn’t any single thing but a whole bunch at once: September saw an intense rally in stock markets Trump and

How do you say cutting rates without saying it? It sure sounds to me like he’s signaling a cut at the October 29 meeting. At present, market pricing is only at 68% for a cut, though one is fully priced in at the December meeting so that might not tee up a big CAD move.

Things coming along pretty well Zelensky also said that he’s confident with US help he can stop the war and that it’s most important for Ukrainians to have security guarantees. Some times these things can happen quickly. The battlefield has stagnated and the costs are high. Maybe this really is the end? If so, I’d

Stock futures were deeply negative at one point but the market made an impressive turnaround helped by more TACO comments from the President. On the day: S&P 500 +0.5% Nasdaq Comp +0.6% DJIA +0.6% Russell 2000 -0.6% Toronto TSX Comp -1.0% On the week: S&P 500 +1.7% Nasdaq Comp +2.1% DJIA +1.6% Russell 2000 +2.5%

Trump on China trade: We’ll see what happens Trump: I think Putin wants to end the war WH Adviser Hassett on China: Confident we can get back to place that is good for both BOC’s Macklem: We’re putting more emphasis on risk when it comes to the next rate decision Fed’s Musalem: I could support

Singapore’s exports rose 6.9% y/y in September, beating expectations for a 2.1% fall. Gains were led by electronics and shipments to China, Hong Kong and Taiwan. US-bound exports fell 9.9% amid new American tariffs. Government still expects 1–3% export growth for 2025, with slower momentum ahead. Pharma tariff implementation delayed pending negotiations. — Singapore’s non-oil

South Korean Finance Minister Koo said it’s uncertain whether Trump will accept Seoul’s opposition to a US$350 bn upfront investment. Seoul warns a one-time payment could destabilise FX markets, risking a crisis. Koo raised the issue with U.S. Treasury Secretary Bessent, who agreed to convey Korea’s concerns. The July trade deal remains pending amid disputes

People’s Bank of China USD/CNY reference rate is due around 0115 GMT. The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate

Kashkari says the economy may be stronger than expected, with limited risk of major slowdown (earlier headline post). Sees labour-market weakness as a bigger risk than renewed inflation. Supports two more rate cuts as insurance, not because of immediate weakness. Inflation may stay near 3%, but unlikely to surge higher. Warns the shutdown is blurring

China’s imports of Canadian oil are set for a record October, exceeding 5 mn bbl so far. 70% of Vancouver shipments are heading to China as it reduces reliance on US crude. Canadian heavy crude prices have strengthened on Asian demand. Vancouver crude now trades at a premium to Texas-loaded Canadian barrels for the first

The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate within a certain range, called a “band,” around a central reference rate,

“Gold is down because …” Are y’all ready for the tedious hindsight narratives that’ll arrive hours after the fact? That’s a shame. ‘Cause I don’t have any. It’s a wild session, slammed from its parabolic high. There will be more volatility to come. This article was written by Eamonn Sheridan at investinglive.com.

Standard Chartered says reserve managers are buying the US dollar when it weakens and selling on rallies. Dollar reserves and Bloomberg Dollar Index have moved opposite in 17 of 20 quarters, per IMF data. In Q2 2025, reserves rose as the dollar fell; in Q4 2024, reserves fell as the dollar rallied. The behaviour reflects

JPMorgan and Goldman estimate jobless claims fell to ~217k despite data gaps from the shutdown. Both layoffs and hiring remain subdued, keeping the labour market stable but stagnant. Small-business hiring continues to slow, according to Bank of America data. Continuing claims are steady near 1.9 m, consistent with a 4.3% jobless rate. — Info via

The European Central Bank could deliver another interest-rate cut by mid-2026, but that may not stop the euro from strengthening against the dollar, according to MUFG. Analysts at MUFG said the Federal Reserve is likely to be more active in easing policy over that period, with markets potentially pricing in additional Fed rate cuts, which

1730 GMT / 1330 US Eastern time: Fireside Chat with Tiff Macklem, Governor of the Bank of Canada at Peterson Institute for International Economics The Bank of Canada cut its overnight policy interest rate by 25 basis points to 2.50%, the first rate cut after a six-month pause, back on on September 17. This article

People’s Bank of China USD/CNY reference rate is due around 0115 GMT. The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate

ANZ forecasts for gold and silver: gold to peak at US$4600 by June 2026 gold to US$4400 by year end 2025 see the potential for lower in H2 of 2026 as the US Federal Reserve concludes its easing cycle silver to peak at US$57.50 by June 2026 ANZ: Mounting concerns around the Fed’s independence, political

Earlier news on oil: ICYMI: Trump says India will stop buying Russian oil, vows to pressure China next Bessent prodding Japan now. This article was written by Eamonn Sheridan at investinglive.com.

Australian labour market report Unemployment Rate 4.5% – an ugly result that’ll reignite expectations for an RBA rate cut on November 4. expected 4.3%, prior 4.2% 4.5% is approaching a four year jobless rate high Employment Change +14.9K expected +17K, prior -5.4K Participation Rate 67.0%, a higher result will take a little of the sting

The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate within a certain range, called a “band,” around a central reference rate,

Bank of Japan’s Tamura BOJ should push rates closer toward levels deemed neutral Growth rate of Japan’s economy is likely to rise, with overseas economies returning to a moderate growth path Don’t need to raise rates sharply, tighten monetary policy now when there are both upside, downside risks My view is that there is a

Central bank heads from Japan, China, South Korea held a three way meeting Bank of Japan Governor Ueda chaired the meeting governors exchanged views on recent economic and financial developments This article was written by Eamonn Sheridan at investinglive.com.

Australia’s unemployment rate unexpectedly surged to 4.5% in September — the highest in nearly four years — as more people entered the labour force, complicating the Reserve Bank of Australia’s balancing act between supporting growth and containing inflation. The Australian Bureau of Statistics reported a net employment gain of 14,900, below expectations for a 20,000

Bank of America said China’s September credit data underscore persistent weakness in loan demand, as sluggish property and investment activity offset modest improvements in infrastructure-related lending. New yuan loans rose by 1.29 trillion yuan, in line with BofA’s expectations but below the market forecast of 1.46 trillion yuan. Total social financing (TSF) came in slightly

The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate within a certain range, called a “band,” around a central reference rate,

China’s deflation pressures eased slightly in September, though price declines remain entrenched, leaving the economy on course for its longest deflationary stretch since market reforms began in the late 1970s. Official data showed factory-gate prices (PPI) fell 2.3% year-on-year marking a 36th consecutive monthly decline broadly in line with forecasts Consumer prices (CPI) dropped 0.3%,

RBNZ’s Conway speaking with Bloomberg TV: The 50bps rate cut was a very finely balanced decision Bit nerve wracking with inflation at the top of the band Excess capacity gives us confidence inflation will come down NZIER survey solidified our thinking about policy Open to further cuts in the cash rate as required Let’s see

China September CPI -0.3% y/y vs. expected -0.2%, prior -0.4% food prices dropped 4.4%y/y non-food prices rose 0.7% prices for consumer goods fell 0.8% service prices increased 0.6% CPI +0.1% m/m expected +0.2%, prior 0% food prices rose 0.7% non-food prices fell 0.1% consumer goods prices +0.3% service prices fell 0.3% PPI -2.3% y/y expected

In its intensifying trade dispute with Washington, Beijing believes it has found a key point of U.S. vulnerability: President Trump’s obsession with the stock market, according to people familiar with Chinese policy discussions. The Wall Street Journal with the report: Chinese officials, including President Xi Jinping, are reportedly convinced the U.S. economy cannot withstand a

7.1 is a ’round number’ psychological level for the USD/CNY refernce rate fixing. Today: PBOC sets USD/ CNY mid-point today at 7.0995 !!! (vs. estimate at 7.1281) EUR, AUD, GBP …. all have popped. I wouldn’t be looking for an extended follow through in the hours ahead, we may have to wait for Europe and

JPMorgan Chase CEO Jamie Dimon said it’s now “semi-rational” for investors to hold gold, acknowledging that the metal’s appeal has strengthened amid today’s uncertain market backdrop. Speaking at Fortune’s Most Powerful Women conference in Washington, Dimon said there is “some logic” in owning gold even after its sharp rally, though he stopped short of calling

10am US Eastern time EUR/USD option strikes: 1.16 around 4bn EUR This article was written by Eamonn Sheridan at investinglive.com.

The euro may weaken in the months ahead if expectations rise for further European Central Bank (ECB) rate cuts, according to a report from Standard Chartered. Strategists at the bank said that while the ECB has already shifted to an easing stance, markets could begin pricing in another rate cut as early as December, particularly

I noted earlier the hit the USD was taking from the strong CNY setting: The PBOC cracking 7.1 in its USD/CNY fix has sent the USD lower across the board While EUR is pinned by a large set of option expiries: EUR4.13bn strikes in EUR/USD circa 1.1600. A likely magnet for EUR/USD in Asia. Other

0845 US Eastern time/1245 GMT: Federal Reserve Vice Chair for Supervision Michelle Bowman will speak at the 2025 Institute of International Finance (IIF) Annual Membership Meeting, Washington, D.C. 1220 US Eastern time/ 1620 GMT: Federal Reserve Board Chair Jerome H. Powell gives a speech entitled “ Economic Outlook and Monetary Policy” at the National Association

China commerce ministry: Responds to US saying it has proposed to talk with China after rare earths restrictions US cannot have talks while threatening to intimidate and introduce new restrictions, which is not right way to get along with China Urges US side to correct its ‘wrong practices’ as soon as possible, show sincerity in

JPMorgan Asset Management is aiming to double its Asia-Pacific assets under management to $600 billion by 2030, with a long-term goal of reaching $1 trillion, according to Asia-Pacific CEO Dan Watkins. Speaking at a conference in Seoul, Watkins said the firm plans to replicate the strong growth achieved over the past five years, when regional

People’s Bank of China USD/CNY reference rate is due around 0115 GMT. The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate

Bank of America expects precious metals to extend their rally into 2026. Forecasting gold at $5,000 an ounce and silver at $65 an ounce. Analysts at the bank said the White House’s unconventional policy approach, marked by: large fiscal deficits, rising debt, and pressure to lower interest rates should continue to support demand for gold.

Australia NAB Business Survey Business conditions 8 prior was 7 but revised to 8 Business confidence 7 previous 4 – Australian business conditions held steady in September, as stronger sales and profits were offset by weaker employment, according to the latest National Australia Bank (NAB) survey. NAB’s index of business conditions was unchanged at +8,

The Reserve Bank of Australia (RBA) signalled it will remain cautious and data dependent on future policy moves, with the board seeing no immediate need to cut interest rates at its September meeting despite softer economic indicators and ongoing uncertainty abroad. AUD/USD is barely changed. Minutes released Tuesday showed the board kept the cash rate

The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate within a certain range, called a “band,” around a central reference rate,

The Reserve Bank of Australia (RBA) said the Australian dollar had appreciated slightly since its previous meeting, supported by widening yield differentials with other advanced economies. In its latest minutes, the central bank noted that the real trade-weighted index of the Australian dollar was now close to its estimated equilibrium level, based on its long-run

Beijing has accused the United States of damaging the atmosphere for trade talks by repeatedly tightening restrictions on Chinese exports, even as China insists its own new export control measures on rare earths are lawful and transparent. According to the Global Times, a spokesperson for China’s Ministry of Commerce (MOFCOM) said Beijing had notified Washington

At Monday open: Shanghai Composite down 2.49% Shenzhen component down 3.86% ChiNext down 4.44% Hong Kong stocks open lower: Hang Seng down 2.5%, tech index down 2.43%. — This in relation to renewed tensions with Trump. Late Friday: Trump announces a 100% tariff on China in addition to current tariffs, but not immediately China responds

Chinese YTD trade data China Jan-Sept yuan-denominated exports +7.1% y/y Jan-Sept yuan-denominated imports -0.2% y/y Q3 yuan-denominated imports +4.7% y/y more to come This article was written by Eamonn Sheridan at investinglive.com.

Australian Tesla owners have launched a class action lawsuit accusing the company of failing to deliver promised self-driving features on vehicles sold before 2024. The case alleges that drivers who paid up to A$10,100 for Tesla’s Full Self-Driving (Supervised) software cannot access it on Model 3 and Model Y cars fitted with the third-generation (HW3)

Back on Friday we had the early news on the efforts of the US Bureau of Labor Statistics (BLS) to publish the latest CPI report: Big news – US plans to release the September CPI report data despite government shut down US BLS recalls staff to finish CPI report, prioritising Social Security and Fed timelines

The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate within a certain range, called a “band,” around a central reference rate,

Shanghai Securities News reported on Monday that several major Chinese brokerage firms believe the momentum in China’s equity market remains intact, despite external pressures from global economic uncertainty and geopolitical risks. Analysts cited by the paper said the A-share market’s medium-term outlook remains resilient, supported by improving corporate earnings, targeted policy support, and signs of

ANZ Research says China’s economic separation from the United States is set to deepen as trade frictions escalate. Chief economist Raymond Yeung wrote that while overall exports have held steady, China has steadily diversified away from the US, with direct shipments to America falling to 12% of total exports as of August 2025, down from

China auto industry body CPCA: China sold 2.3 mln passenger cars in Sept, up 6.6% y/y from a 4.9% increase in August Tesla Inc exported 19,287 China-made vehicles in September This article was written by Eamonn Sheridan at investinglive.com.

People’s Bank of China USD/CNY reference rate is due around 0115 GMT. The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate

China Customs vice minister: Great efforts are needed to stabilise foreign trade in Q4 In Q1-Q3, China’s foreign trade has shown resilience with improving structure Current external environment still complex and grim with rising uncertainties According to a Customs survey, Chinese exporters confidence index has improved for five straight months Survey shows Chinese importers confidence

Crypto under pressure: who stayed strong, who cracked, and what you can do next Scope: Bitcoin, Ethereum, BNB, XRP, Solana, Dogecoin Window: Oct 10 to Oct 12, local time +02:00 All six of the biggest coins by market cap faced the same hard moment at 23:00 on Oct 10. Prices dropped across the whole market

Trump is out with an announcement on tariffs: It has just been learned that China has taken an extraordinarily aggressive position on Trade in sending an extremely hostile letter to the World, stating that they were going to, effective November 1st, 2025, impose large scale Export Controls on virtually every product they make, and some

It turns out you can put Humpty Dumpty together again. Lecornue resigned at the start of the week but he’s been re-appointed and is tasked with former a new French government, according a report in Elysee. Between this, Japan and Trump it’s going to be an interesting weekend in politics. This article was written by

The St. Louis Fed Pres. Musalem is speaking and says: Fed’s goals are in tension Inflation running high, labor market showing signs of potential weakness Balanced approach on monetary policy only works if inflation expectations are anchored Less able to respond to short-term labor market fluctuations if inflation expectations become unanchored Right now inflation expectations

Oil was having a rough day before Trump threatened China with fresh tariffs. It was bouncing around $60 and the lowest levels since May. But with the rout in markets following the Trump-China spat, we have crude down $2.60 to $58.91. That’s the lowest since May and the second-lowest weekly close in four years. The

Trump: Will need to raise tariffs on China goods coming into the US The BLS will release the September CPI report on Friday, October 24 at 8:30 AM ET October UMich US consumer sentiment 55.0 vs 54.2 prelim Canada September employment +60.4K vs +5.0K expected Fed’s Musalem: Feds goals are in tension Baker Hughes Oil

The GBPUSD moved lower earlier today, breaking to a new low not seen since August 5. The decline tested that prior low at 1.32594, where buyers stepped in to stall the fall. A sharp reversal followed after news that President Trump was preparing massive tariff increases on Chinese imports, triggering a strong rebound in the

It was a positive day for US equities until Trump blew it up at 10:30 am ET with a tweet threatening new tariffs on China because of rare earth controls. Details have been light since then but the market isn’t waiting for details. The last few months have been a smashing success for bulls and

Oil rigs: -4 at 418 Gas rigs +2 at 120 Total Rigs -2 at 547. The price of crude oil is trading sharply lower by $2.48 and $59.05 as the market reacts to the prospects of higher tariffs slowing growth and demand. Hopes for continued peace in the Middle East is also an influence as

The S&P 500 is down 2% at the moment and if it closes that way, it will be the first 2% (or more) loss since April 4. That was the Liberation Day rout and included a 6% closing decline. The worst day since then was August 1, when there was a 1.6% closing decline. Back

It’s something of a Black Friday in the crypto market with extreme selling in some names after Trump announced an additional 10% tariff on Chinese exports late in the day. Bitcoin is down 6% on the day to $113,700 but much-larger moves are happening in smaller names, starting with the 11.5% drop in ethereum and

The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate within a certain range, called a “band,” around a central reference rate,

There is no end in sight for the US government shut down. Which is not really news. At least there is this: Big news – US plans to release the September CPI report data despite government shut down This article was written by Eamonn Sheridan at investinglive.com.

Federal Reserve Bank of San Francisco President Mary Daly Inflation has come in much less than had feared Labor market is to a point where softening looks like could be more worrisome if don’t risk manage it Policy is still modestly restrictive after Sept rate cut Fed is also projecting more cuts, part of risk

China has imposed sweeping new export controls that extend far beyond semiconductors, covering key industrial inputs like rare earths and even drilling equipment. Headlines on this here from yesterday: China’s Commerce Ministry tightens rules on rare earths exports China commerce ministry announces export control on some rare earth equipment, materials EU expresses concern about China’s

People’s Bank of China USD/CNY reference rate is due around 0115 GMT. The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate

UBS says investors should stay engaged in artificial intelligence, arguing that the rally remains supported by innovation, adoption, and accelerating capital expenditure rather than hype. The bank pointed to ongoing product innovation driving compute demand, citing OpenAI’s latest developer updates and partnerships with AMD and NVIDIA as proof of deepening ecosystem cooperation. UBS estimates as

Japan govt tariff negotiator Akazawa spoke with US commerce secretary Lutnick on phone Akazawa, Lutnick confirmed to smooth implementation of US-Japan agreement to further strengthen economic ties This article was written by Eamonn Sheridan at investinglive.com.

Japan’s top tariff negotiator Ryosei Akazawa and US Commerce Secretary Howard Lutnick reaffirmed on Friday that the US–Japan trade agreement will serve to further strengthen the two nations’ strategic and economic ties, Tokyo said in a statement. The two officials held a 60-minute call beginning at 8 a.m. Tokyo time (2300 GMT Thursday), according to

Magnitude 7.2 earthquake strikes Mindanao, Philippines US Tsunami Warning System: Tsunami threat after 7.4 earthquake strikes Philippines Hazardous tsunami waves possible within 300km of earthquake epicenter after 7.4 earthquake off coast of Philippines, This article was written by Eamonn Sheridan at investinglive.com.

Japan finmin Kato: Won’t comment on forex levels Recently seeing one-sided, rapid moves Important for currencies to move in stable manner reflecting fundamentals Will thoroughly monitor for excessive fluctuations and disorderly movements in forex market Weak yen has both benefits, disadvantages Important for currencies to move in stable manner reflecting fundamentals More: Will make decisions

Australian Melbourne Institute survey of consumer inflation expectations for October 2025 4.8% prior was 4.7% The latest figure of 4.8 % is up slightly from 4.7 % in September. September itself represented a rebound from August’s lower level (3.9%) prior to that. Historically, inflation expectations in recent years generally fluctuated in the 3–5 % range,

A senior White House official said the latest agreement aimed at securing a pause in fighting and the release of hostages will be presented to the Israeli cabinet on Thursday. If approved, Israel will begin withdrawing its forces to a designated line, a process expected to take less than 24 hours. That pullback would trigger

Bank of England Monetary Policy Committee member Catherine Mann is speaking Thursday at 0830 GMT / 0430 US Eastern time keynote speech, on prices & consumption, “Explaining the consumption gap” following Mann’s address, there will be a response from former MPC member Michael Saunders before both panellists take part in a Q&A This article was

China tightens rare-earth export rules, imposes new dual-use licensing from December 1 China has announced sweeping new restrictions on rare-earth exports, requiring both foreign and domestic companies to obtain special licences for items with potential military applications, in a move that underscores tightening controls over materials critical to global technology and defence supply chains. The

Senate Majority Leader John Thune said he is considering bringing full-year appropriations bills — including legislation to fund the Pentagon and military pay — to the Senate floor for a vote, as bipartisan talks on a short-term funding measure remain stalled. Via Axios: With negotiations over a temporary stopgap bill frozen, Thune is weighing alternative

The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate within a certain range, called a “band,” around a central reference rate,

Former Bank of Japan Deputy Governor Masazumi Wakatabe said the central bank could raise interest rates if inflation expectations continue to rise and push up underlying price pressures, but warned that another hike this year would be hard to justify given weak economic momentum. In an interview with Reuters, Wakatabe—long seen as a monetary policy

People’s Bank of China USD/CNY reference rate is due around 0115 GMT. The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate

1215 GMT / 0815 Eastern time Carolyn Rogers, Senior Deputy Governor of the Bank of Canada, will discuss productivity, competition and innovation in Canada’s financial sector. — The latest policy move from the Bank of Canada came on September 17, 2025, when it cut its overnight policy interest rate by 25 basis points to 2.50

Appearance before the Senate Economics Legislation Committee – Supplementary Budget Estimates 2025-26 – Canberra Governor Michele Bullock and Assistant Governor (Financial Markets) Christopher Kent From 9am Sydney time 2300 GMT / 1800 US Eastern time — At its September meeting, the RBA held its cash rate steady at 3.60 %, following three cuts earlier in

Support and resistance. Trend lines. Chart patterns. Have you ever asked yourself… “Do these tools truly work in the markets?” “How can I really tell?” If you have, then you’re ahead of at least 50% of all traders out there! Because while most of them put blind faith into textbooks and videos… …you’re starting to expand beyond that. But, how can you verify what’s

China said it will no longer seek the special treatment typically afforded to developing nations at the World Trade Organization, easing a long-standing dispute with the U.S. over trade rules. Premier Li Qiang announced in New York on Tuesday that China will stop requesting “new special and differential” treatment in any current or future WTO

People’s Bank of China USD/CNY reference rate is due around 0115 GMT. The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate

UBS has left its EUR/USD forecasts unchanged, projecting 1.23 by end-2025 and 1.18 for 2026. The bank expects persistent softness in U.S. labour markets and a series of Federal Reserve rate cuts to weigh on the dollar over the coming year. UBS economists forecast an additional 75bps of Fed easing in 2025—more than markets currently

The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate within a certain range, called a “band,” around a central reference rate,

Hedge fund Verdad Advisers LP is preparing to launch a new Japan-focused fund targeting small-cap equities, as global investors increasingly look beyond blue chips for returns in Tokyo’s resurgent stock market. Bloomberg (gated) carry the info. Founder Daniel Rasmussen said the fund could launch as early as this year and will extend the strategy of

Australian monthly CPI (August 2025) +3%, above July and above expected, and also right at the top of the RBA 2-3% target band expected 2.9%, prior 2.8% Trimmed mean 2.6% y/y, which is better news than that headline figure. prior 2.7% AUD/USD is ticking up a little on this hot data. — As noted earlier

Japanese September S&P Global Manufacturing PMI Flash 48.4 manufacturing sector activity fell at the fastest pace in six months further declines in new orders, hit a five-month low decline in export orders eased from August’s 17-month low input price inflation eased to levels not seen since early 2021 output inflation accelerated from August manufacturing jobs

Reserve Bank of New Zealand news. NZ Finance Minister Willis: Appoints Anna Breman as new governor of the Reserve Bank of New Zealand Breman was nominated for the role by the Reserve Bank board following a worldwide search in which 300 potential candidates were identified. Breman has been appointed for a term of five years.

Hong Kong went into lockdown on Tuesday as Super Typhoon Ragasa — the world’s strongest storm this year — approached. Authorities urged residents to remain indoors, with most passenger flights suspended until Thursday. Panic buying swept through the city, leaving supermarket shelves nearly empty as people stocked up on essentials in anticipation of two days

Reserve Bank of Australia Governor Bullock is not going to cut interest rates at the next meeting with this sort of data flashing across the terminals: Australian monthly CPI (August 2025) +3% (expected 2.9%, prior 2.8%) Read that post, the trimmed mean was a bit better. But kep in mind that the Australian government and

Japanese PM contender Hayashi: Must avoid issuing deficit-covering bonds to fund spending, keep sending out signal to markets Japan will maintain fiscal discipline Japanese PM contender Takaichi: Will use tax revenues to fund tax cut, spending for steps to combat rising prices but if necessary, should issue bonds Should be mindful of risk of causing

The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate within a certain range, called a “band,” around a central reference rate,

Jamie Dimon, chairman and CEO of JPMorgan Chase, warned that tariffs could carry modest inflationary effects and add pressure to the U.S. economy. Speaking on the broader implications of trade policy, Dimon said the impact of tariffs is unlikely to be limited to a one-off price shock. Instead, he argued, the costs are more likely

We had the unconfirmed reports of an appointment coming up of new Governor of the RBNZ: New Zealand to announce the new RBNZ governor as soon as Wednesday See that post for details, and gender reveal! New Zealand Finance minister Willis will make the announcement at 1pm New Zealand time on Wednesday, September 24, 2025:

China’s securities regulator has informally told some domestic brokerages to pause real-world asset (RWA) tokenisation businesses in Hong Kong, sources told Reuters. The move highlights Beijing’s caution over a rush into digital asset markets offshore, even as Hong Kong promotes itself as a hub for tokenised products, stablecoins, and virtual asset trading. RWA tokenisation converts

A recent global survey from Revalize shows that a growing number of manufacturers are exiting the U.S. market amid tariff pressures, economic unpredictability, and rising compliance costs. Roughly one in five international manufacturers have withdrawn operations or scaled back presence in the U.S. over the past year, putting America among the top three countries from

U.S. stocks began the week on a firm footing, but Citadel Securities is warning investors not to overlook a seasonal rough patch for equities. Scott Rubner, Citadel’s head of equity and equity derivatives strategy, wrote in a recent note that the 39th trading week of the year — which began Monday — has historically been

Nomura Asset Management struck a cautiously optimistic tone on Japan’s stock market for the rest of 2025, telling reporters in London that attractive valuations support its outlook into 2026. The firm pointed to ongoing corporate governance reforms as a key driver of long-term opportunity, adding that further improvements remain possible. Executives also welcomed last month’s

People’s Bank of China USD/CNY reference rate is due around 0115 GMT. The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate

Bank of Canada Governor Tiff Macklem, speaking at Saskatchewan Trade and Export Partnership (STEP) at 1430 Eastern time / 1830 GMT Last week the BoC trimmed rates by 25bp: Bank of Canada Governor Macklem: There was a clear consensus to cut by 25 basis points This article was written by Eamonn Sheridan at investinglive.com.

Japanese PM contender and Chief Cabinet Secretary Hayashi: BOJ is conducting monetary policy in way that does not deviate much from Govt thinking Japan’s past aversion to strong yen has diminished, when asked about risk Fed rate cut prospects could push up yen vs dollar, hurt Japan’s export-reliant economy Weak yen, coupled with rising oil

Goldman Sachs Asset Management said it does not expect the Bank of England to cut interest rates again this year, citing persistent inflation and signs of resilience in the labour market. The firm noted that, while headline price pressures have eased, underlying inflation remains sticky enough to keep policymakers cautious. In addition, evidence that the

Reserve Bank of Australia Governor Bullock is speaking from the Australian parliament Earlier: Reserve Bank of Australia Governor Bullock says tightness remains in labour market More: In a very good position on inflation Risks on both sides for inflation Will still rely very heavily on the quarterly Australian CPI report Seeing private demand respond, very

Reserve Bank of Australia Governor Bullock Recent interest rate cuts are expected to support spending by households and businesses. Labour market conditions are close to full employment. Recovery in household consumption growth is forecast to be sustained as real incomes continue to grow. Since the August meeting, domestic data have been broadly in line with