Daily Market Insight

• US Consumer Sentiment declines to near lowest on record • US household debt hits a new record, NY Fed finds • UK house price growth hits new high for 2025 • China consumer prices exceeded market expectation in October • Dollar edged up slightly, keeping eyes on shifting policies and weakening consumer confidence

• Fed right to cut rates to support job market • Euro zone retail sales unexpectedly fall in September • BoE holds rates steady in narrow vote • Japan services activity remains strong despite slower new order growth • Dollar corrects lower, while Sterling gained

• US ADP private sector jobs rose 42,000 in October, surpassing the market forecast • US ISM non-manufacturing PMI backed on track, employment indicator remained weak • US Supreme Court casts doubt on legality of Trump's global tariffs • Eurozone Producer Price Index slipped in September but beat expectations • Thailand’s inflation marked seventh consecutive month decline • Dollar slips from highs; ADP data looms large

• Government shutdown set to become longest ever after latest Senate vote fails • Trump finalized fentanyl, reciprocal tariff cuts in Xi deal • UK signals tax rises to tackle fiscal shortfall in November budget • Cabinet approves Thailand’s bid to host MotoGP for another 5 years • Dollar up on rate cut doubts and safety play, Pound dips

• US manufacturing shrinks for eighth month • Fed officials signal diverging views before December rate call • China’s October manufacturing PMI misses forecast • Thailand finalizes plan to buy bad debt • Dollar resilient despite weak ISM manufacturing data

• Fed talk overall stays hawkish • Eurozone inflation eases slightly in October, core holds steady • Tokyo inflation accelerates, strengthening BOJ hike case • China PMI hits longest slump in nearly a decade • Dollar firms broadly against peers on Friday

• Trump–Xi meeting eases tensions with trade and tariff breakthroughs • The ECB left its policy rates and guidance unchanged • Eurozone economy grew slightly faster than expected in third quarter • BoJ holds rates, stays cautious • Dollar gains broadly as markets reassess Fed’s December outlook

• Fed cuts rates as expected; Powell signals December move uncertain • Trump expects to cut fentanyl tariff, discuss Nvidia in Xi talks • Spain Q3 GDP growth driven by domestic demand • Dollar rises on Powell’s hawkish tone

• US-Japan sign agreement for minerals and rare earths • US consumer confidence dips slightly, remains above forecast • ADP will publish weekly US private payrolls data • ECB says consumers’ inflation expectations broadly unchanged • Dollar dips ahead of FOMC

• Trump, Takaichi to discuss trade, security • German business confidence hits 2022 high • South Korea’s Q3 GDP hits 18-month high • Thai exports soar 19% despite Trump tariffs • Dollar opens the week on the back foot