Daily Market Insight

• Fed may slow pace of rate hikes soon: Brainard • Euro zone Sept industrial output much stronger than expected • Japan Q3 GDP shrinks as high inflation, weakening yen bite • Gold pinned near 3-month high, copper slumps on China COVID woes

• US consumer sentiment slumps; inflation expectations edge up • UK economy shrinks at start of feared long recession • Hong Kong's economy shrinks for third straight quarter, outlook dims • Dollar extends fall after inflation data knock

• US CPI falls to 9-month low in October, bolstering rate hopes • Half a million UK workers drop out of workforce, citing long-term illness • Japan's Oct wholesale prices rise 9.1% yr/yr • Dow soars as tech reigns supreme amid cooling inflation

• US wholesale inventories revised lower in September • UK hiring falls as political upheaval adds to employers’ worries • China's Oct new yuan loans seen sliding as demand weakens • Dollar higher as investors look past U.S. midterms to inflation data

• US small business sentiment falls in October • Euro zone Sept retail sales up m/m, Aug revised upwards • Japan's H1 current account surplus falls the most yr-on-yr since 2008 • Gold rallies above $1,700 as dollar weakens amid election jitters

• US yields advance as markets brace for inflation data, midterm elections • German industrial output grows more than expected in September • Thai headline CPI rises 5.98% y/y in Oct, slightly below forecast • Japan foreign reserve down for 3rd month after intervention

• US job growth strong in October, but cracks emerging • Euro zone downturn deepens, points to winter recession • UK long-run inflation expectations drop to 4.2% • Dollar drops as U.S. nonfarm payrolls show mixed results

• US labor market unwavering despite stiff interest rates hikes • UK services slump at fastest pace since early 2021 • China’s rich provinces post slower growth than national economy on COVID curbs • Oil prices drop as demand fears dominate

• Fed delivers fourth 75 bps hike, signals scale-back coming • Euro zone factory downturn deepened in October as demand slumped • German manufacturing slumps in October as new orders drop • Dollar regains strength as Powell dashes hope of a Fed pause

• US job openings bounce sharply in Sept but ISM manufacturing PMI falls • UK house prices fell the most in 2 years in September amid mortgage crisis • Chinese manufacturing activity shrinks in October • Oil rises on unexpected US inventory draw, Fed limits gains