Daily Market Insight

• U.S. Core PCE and consumer spending saw slight gains in August • ECB rate-cut expectations surge as inflation in France and Spain drops below 2% • Shigeru Ishiba is poised to become Japan's prime minister • Dollar declines following inflation data, while Yen rallies after Ishiba's victory

• U.S. GDP remains steady at 3.0% for the second quarter • U.S. initial jobless claims fell, exceeding expectations and signaling a strong labor market • Core inflation in Tokyo aligns with the Bank of Japan's target • China to give one-off handouts to needy • The dollar declines as the impact of positive data wanes

• U.S. new home sales drop less than expected, with the median price also falling • July minutes show BOJ policymakers split on future rate hike pace • China central bank cuts medium-term loan rate • Thailand's August exports exceed expectations; 2% annual target maintained despite baht strengthening • The dollar rebounded from a 14-month low against the euro

• U.S. consumer confidence dips below forecasts, indicating caution • Drop in business confidence raises fears of a German recession • RBA keeps rates steady, reaffirms commitment to lower inflation • China launches stimulus package to boost economy and markets • The dollar index continued to decline after weak economic data

• US business activity steady in September; price pressures pick up • Fed officials leave door open to another large Interest-rate cut • Euro zone business activity unexpectedly shrank in September • China's central bank injects cash, lowers 14-day reverse repo rate • Dollar rebounds from lows; euro impacted by weak PMI data

• BOJ holds rates steady, Ueda cools speculation about further hikes • Fed’s Waller says slowing inflation led him to support large rate cut • UK retail sales soar in August despite political and fiscal concerns • The dollar fell in volatile trading after the Fed's major rate cut

• BoE maintains interest rates and prolongs its bond reduction program • Weekly initial jobless claims increased less than anticipated • Japan's CPI inflation reached a 10-month high in August • The dollar fell in volatile trading after the Fed's major rate cut

• Fed cuts rates by half point to support economy • UK inflation holds at 2.2%, paving the way for potential rate cuts • Japan's exports slow sharply, machinery orders shrink in blow to economic recovery • Dollar rises after Fed's 50 basis point rate cut

• US retail sales unexpectedly increased in August • US manufacturing output rebounds in August • German investor confidence plummets after spate of bad news • Canada's inflation cools to 2% in August, reaches central bank's target • The US dollar strengthens ahead of a potential Fed rate cut

• New York's manufacturing index increased in September • Bill Dudley: Fed should cut rates by 50bps • Kazimir suggests the ECB delay its next rate cut until December • US dollar hits over one-year low against yen amid expectations of a significant Fed rate cut