Daily Market Insight

• U.S. private-sector hiring cooled in early October • German producer prices hit highest in years, fueling inflation worries • French bond yields near 24-year high as new protests loom • China leaves loan rates unchanged as PBOC weighs reforms • BI under pressure to tighten further as MSCI downgrade risks • Dollar slipped as lower oil prices eased inflation and rate-hike concerns

• US housing sends a sharper high-rate warning • French fiscal and political risks pressure the euro and sovereign bonds • BoJ sees underlying inflation near target, leaving room to tighten • China’s growth accelerates as exports and industrial production remain resilient • China’s consumption and property sectors remain key drags on domestic demand

• US import prices accelerate while industrial output beats • US Producer inflation accelerates as energy costs spread across the economy • US Retail sales beat expectations, but underlying spending softens • Warsh stresses price stability without committing to another hike • IMF sees further ECB tightening as energy inflation persists

• U.S. CPI accelerated in September as gasoline prices surged • ECB President signals no intervention in France’s fiscal crisis • China’s PPI rose at fastest pace over four years, while CPI remained subdued • China's trade surplus widened more than expected in September as exports surged • Thailand’s Cabinet approved THB 50 billion housing loan scheme to boost homeownership • Dollar swung on renewed inflation concerns

• U.S. ADP Employment change 4-week average slowed • Global growth stays resilient, but inflation and energy pressures cloud the outlook • Japan’s producer price inflation eased more than expected in September • OPEC continues to slash its 2026 oil demand outlook, potentially tightening the global supply-demand balance • Oil Fuel Fund deficit surpasses THB 100 billion, prompting cuts to subsidies and higher levies on gasoline • NESDC to revise Thailand’s GDP figures after MPI methodology update • Dollar retreats as markets await CPI

• Oil settled above US$104 as hurricane disruption outweighed tentative US–Iran diplomacy • US consumer confidence weakened while inflation expectations remained uncomfortably high • Italian production contracted as Europe confronted uneven growth and renewed price pressure • Japanese household spending remained weak, but the contraction was milder than expected • Canada employment declines for a second month

• U.S. labor markets remain firm as Initial Jobless Claims below forecast • BoE policymakers maintained a hawkish tone to cope with rising price index • Germany’s trade surplus narrowed in August as exports weakened • Oil prices rebounded again as escalating geopolitical tensions • Thailand set to raise international travel costs • Dollar pauses near 18-month high as U.S bond rout halts

• Fed minutes and survey data reinforce expectations of at least one more rate hike • German industrial output rebounds at strongest pace since early 2025 • Japan’s real wages rise again in August • India raises interest rate for first time in 3 years • Dollar strengthened; global bond sell-off eased

• U.S. ADP hiring gains momentum reinforcing labor market resilience • U.S. trade deficit widens on AI-linked imports, weighing on Q3 GDP • Eurozone retail sales edge higher despite slump in fuel sales • France’s fiscal concerns are back as widening deficits and the higher borrowing costs • BoJ Uchida showed a mixed signal speech in more rate hikes • Thai September inflation accelerated again but below market forecast • Dollar slipped from recent highs as treasury yields eased ahead of the Fed minutes

• Saudi supply strain signals prolonged tightness in global oil inventories • U.S. services activity remained resilient, but rising input costs point to renewed inflation risks • Eurozone business activity reached a 3½-year high, demonstrating resilience despite rising inflation pressures • Japan’s service-sector growth softened in September, though domestic demand remained resilient • Thailand’s STI strategy aims to strengthen resilience and attract long-term investment