Daily Market Insight

• U.S. initial jobless claims slip to their lowest level since July • Euro zone factory growth accelerates again in September • UK house prices fall sharply since last year amid higher mortgage rates • Japan's manufacturing sector expanded at its weakest pace in six months in September • Tokyo’s core inflation edges up again keep BOJ rate hike talk alive • Dollar firms as strong U.S. labor data

• U.S. economic growth surpasses expectations as robust consumer spending • U.S. PCE inflation cooler than expected in August • UK economy expanded slightly faster than previously estimated • China’s overall economic activities gained momentum in September • Thailand industrial sector gained momentum in August • Softer US PCE data weigh on dollar, prompting traders to trim Fed rate-hike bets

• U.S. labor market remains resilient despite softer labor demand in August • Eurozone economic confidence weakened in September • RBA hikes key rate to 4.6%, marking 15-year high, more rate hikes possible • Japan Coincident Index firmed at highest since 2018 • Thailand approves THB 1.26 trillion borrowing, despite tightening debt headroom • Dollar remains traded at a firm bias, 10Y treasury yield continued to climb

• Treasury selloff intensifies as Middle East tensions fuel inflation concerns and reinforce the higher-for-longer rate outlook • U.S. oil reserves hit a 44-year low, reducing flexibility to cushion future supply shocks. • China’s industrial sector remains a bright spot, supported by strong AI- and semiconductor-led growth • JPMorgan sees further BoT normalization in 2027, signaling a stronger domestic recovery and a gradual narrowing of Thailand's accommodative policy stance. • Thailand’s auto sector remains resilient, but rising EV imports and flood-related spending risks could weigh on domestic demand and industrial activity

• US-China trade truce extension supports sentiment, although strategic tensions remain • US-Iran diplomacy eases supply disruption concerns, pushing oil prices lower and reducing near-term inflation risks. • US consumers grow more cautious as inflation expectations rise, reinforcing higher-for-longer Fed concerns. • Rising trade deficits increase pressure on Thailand’s external balance despite strong export growth • Bangkok’s citywide flood emergency raises risks to economic activity, logistics, and supply chains

• US labor market remains resilient as decline in jobless claims • Fed officials signal further rate hikes amid decade-high bond yields • US preparing plan for 90-day diesel exports ban • BoE deputy signals higher likelihood of rate hike if energy prices stay elevated • Japan’s economic activities continued to expand in September • Dollar gains on US economic strength and hawkish Fed comments

• US private-sector business activities accelerated sharply in September • Eurozone PMI activities hit a multi-year high as demand continued to strengthen • Oil price swings as eyes on Saudi key pipeline restart and US-Iran talks • BI holds policy rate, relying on FX tools to defend the Rupiah • Dollar strengthens broadly with 10-year US treasury yields climb to a 19-year high

• Oil weakens on de-escalation hopes and returning supply • Fed officials maintain hawkish tone on persistent inflation risks • US economic data show mixed signals • Thailand boosts welfare and extends co-payment scheme • Dollar stays bid despite falling energy prices

• AI agent adoption boosts CPU demand outlook • Crude slides on US-Iran talks hopes and profit-taking • Fed officials maintain hawkish bias on persistent inflation • US-China trade optimism builds ahead of Trump-Xi summit • Thailand overhauls MPI to better reflect manufacturing activity • Dollar strengthens on higher-for-longer Fed outlook

• Crude prices retreat as markets focus on Iran de-escalation • ECB survey shows broad rise in consumer inflation expectations • BoJ hikes rates but sticks to cautious normalization path • China keeps lending rates steady as easing scope narrows • Fitch revises Thailand’s outlook to stable, affirms BBB+ rating • Dollar remains supported by hawkish Fed outlook