Daily Market Insight

• U.S. mortgage applications jump 6.2% as rates fall for a fourth week • German inflation confirmed at 2.8% as fuel discount tempers energy costs • Japanese manufacturers' mood hits five-year high on booming chip demand • BoT keeps door open to rate hikes without waiting for potential growth • Thailand and U.S. conclude tariff talks in principle ahead of Manila statement • Dollar extends gains as Fed hike expectations firm

• U.S. consumer prices rise more than expected as core inflation stays sticky • Fed's Logan and Bowman lean hawkish as inflation pressures broaden • BoE's Lombardelli warns a low-hiring labour market may keep wage pressure sticky • China's exports beat forecasts while imports surge on AI-related demand • Thai Cabinet approves import duties of up to 30% on e-commerce goods • Dollar strengthens as hot U.S. CPI lifts Fed hike expectations

• U.S. consumers keep inflation expectations at 3.9%, but job worries deepen • China producer inflation hits four-year high while consumer prices lose steam • Taiwan exports surge to a record as AI server demand stays strong • German exports rebound in September, but trade surplus narrows sharply • Thailand targets THB 5.4 trillion in extra revenue under Reinvent Thailand plan • Dollar eases from last week’s levels ahead of U.S. CPI

• Oil prices remain volatile as US–Iran tensions threaten supply stability • Strong US payrolls reinforce expectations of further Fed tightening • US equities stabilize, but AI risks and higher yields keep dollar demand firm • Japan’s Nikkei plunges 6% as global AI sell-off triggers broad risk aversion • Thailand’s inflation surges to 3.9%, exceeding BoT's target and raising policy tightening pressure

• U.S. jobless claims pointed to a still-resilient labor market • Europe PPI rose sharply in September, largely reflecting surge in energy prices • Eurozone construction activity deteriorated further in October • BoE raised its policy rate for the first time since August 2023 • Malaysia held the rate steady, citing resilient growth and contained inflation • Dollar broadly flat; lower U.S. Treasuries yield

• Blue sweep of Congress sets the stage for divided U.S. government • US private-sector employment remained solid • Eurozone inflation rose to its highest level in more than three years • China’s services sector shown moderated growth in September • S&P maintains Thailand’s stable outlook despite fiscal and growth headwinds • Dollar struggled despite blue sweep and firm U.S. labor data

• U.S. JOLTS remained broadly stable in September • US midterm elections inject uncertainty, with a possible Democratic sweep seen • Australia hikes cash rate for fifth time this year, highest level since 2008 • Thailand approved CBU EVs excise tax to 35% to encourage investment • Thailand plans to accelerate cleaner vehicle adoption through an old-for-new scheme • Dollar steadies ahead of U.S. midterm elections

• ISM manufacturing accelerates despite moderating input-cost pressures • Euro area manufacturing expansion moderates, but price pressures remain uncomfortably strong • China’s private manufacturing PMI slips to 52.0, signaling softer fourth-quarter momentum • Korean exports nearly double as AI demand overwhelms calendar noise

• US Chicago PMI falls below expectations, signaling slower business expansion • Eurozone growth beats expectations despite higher energy costs • German growth beats forecasts while inflation falls below expectations • BOJ delivers hawkish hold as inflation reaches target • Thailand’s current account swings to deficit as imports surge

• U.S. inflation pressures continued to moderate despite some mixed signals • U.S. Q3 GDP increases better-than-expected • U.S. Initial Jobless Claims drop to lowest level in months • ECB kept rates steady but points to mounting inflation risk • Euro-area economic sentiment softened for a second consecutive month in October • Strong Japan macro data keeping pressure on BOJ’s decision to tighten further • Dollar slipped after strong US data; Yen held steady ahead of BoJ’s meeting