Noticias del mercado
Mantente al día de las noticias, datos y análisis que mueven el forex y los mercados financieros globales.
Japan: Bond outflows reshape global yields - Commerzbank
Commerzbank's Volkmar Baur highlights Japanese investors' net selling of foreign bonds and its implications for global yields. Although Japanese investors have recently returned as buyers of French bonds, their selling of US bonds has provided some support to the euro against the dollar.
Poland: Inflation outlook stabilises – ING
ING economists Adam Antoniak and David Havrlant expect Poland’s final September CPI, due Wednesday, to confirm headline inflation at 4% year-on-year, with core inflation easing and price growth concentrated in fuels and related services. They note improved short-term inflation prospects thanks to renewed cuts in fuel excise duty and VAT, and project headline CPI in a 3.5–4.0% range by year-end.
Canada: Gradual improvement expected – RBC
Royal Bank of Canada (RBC) economist Claire Fan notes Canada lost 68,000 jobs in September, mainly in public sectors, reversing much of summer gains and leaving year-to-date employment at -41,000. She highlights volatility in monthly data and stresses the unemployment rate remains below last year. Fan expects earlier labour market progress to hold and the unemployment rate to edge lower through 2026.
United States Michigan Consumer Expectations Index increased to 47.3 in October from previous 46.3
United States Michigan Consumer Expectations Index increased to 47.3 in October from previous 46.3
United States UoM 1-year Consumer Inflation Expectations increased to 4.7% in October from previous 4.6%
United States UoM 1-year Consumer Inflation Expectations increased to 4.7% in October from previous 4.6%
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