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United States UoM 5-year Consumer Inflation Expectation up to 3.5% in October from previous 3.4%
United States UoM 5-year Consumer Inflation Expectation up to 3.5% in October from previous 3.4%
United States Michigan Consumer Sentiment Index came in at 46.3, below expectations (47.6) in October
United States Michigan Consumer Sentiment Index came in at 46.3, below expectations (47.6) in October
Indian Rupee: RBI seen keeping hike option open – DBS
DBS Group Research anticipates India’s September inflation to rise to 5.7% year-on-year from 4.8%, driven by broad-based food price gains and higher non-food fuel costs. Core inflation is expected to tick up as uneven monsoon conditions and elevated Oil prices add pressure, leading DBS to expect the RBI to keep the door open for a possible rate hike in December 2026.
European Central Bank: Conditional support and French risks – Rabobank
Rabobank's Senior Economist Maartje Wijffelaars describes widening French spreads and notes 38% of French high-grade corporate debt now yields less than government bonds. She argues most spread widening may be over as France is seen as too big to fail and ECB tools exist. She outlines ECB conditionality for TPI and stresses France’s need for a credible budget.
United States: Core CPI trend seen moderating – TD Securities
TD Securities’ US economics team led by Oscar Munoz, with Eli Nir, Gennadiy Goldberg and Molly Brooks, expects September Core CPI to slow to 0.20% month-on-month, driven by softer core services and supercore.
Norwegian Krone: Rate hike risks support currency – BBH
Brown Brothers Harriman notes that the Norwegian Krone (NOK) is softer against most peers following a modest pullback in Oil prices, but September CPI data keep further Norges Bank rate hikes in play, offering support to NOK. Sticky underlying inflation above the central bank’s forecasts means the option to raise rates further remains open, with markets pricing roughly 50% odds of another hike by year-end.
Canada Participation Rate declined to 64.8% in September from previous 65%
Canada Participation Rate declined to 64.8% in September from previous 65%
Canada Net Change in Employment came in at -68.3K, below expectations (7K) in September
Canada Net Change in Employment came in at -68.3K, below expectations (7K) in September
Canada Unemployment Rate meets forecasts (6.5%) in September
Canada Unemployment Rate meets forecasts (6.5%) in September
British Pound gains ground as Japanese Yen underperforms
GBP/JPY trades with a mild positive bias on Friday as the Japanese Yen (JPY) underperforms across the board. A pause in the global bond sell-off has pushed government bond yields lower, with Japanese yields falling more sharply than their UK counterparts.
Japanese Yen: Choppy trade inside defined range – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann note that USD/JPY has been volatile around 157.86, with swings between 157.51 and 158.36 failing to establish a clear trend. For the coming sessions, the pair is expected to trade within 157.50–158.50 intraday, while the 1–3 week view favours consolidation in a narrower 157.00–158.70 band against a backdrop of longer-term downside momentum.
Brazil IPCA Inflation above forecasts (0.73%) in September: Actual (0.82%)
Brazil IPCA Inflation above forecasts (0.73%) in September: Actual (0.82%)
Canadian Dollar: Labor data may trigger dovish repricing – BBH
Brown Brothers Harriman highlights that USD/CAD is consolidating just above 1.4200 after touching fresh cyclical highs near 1.4300. Canada’s September labor force survey is the key release, with modest job gains and a higher unemployment rate expected.