Daily Market Insight

• Trump says high tariffs on China are ‘not sustainable’ • Eurozone consumer inflation confirmed at 2.2% annually in September • S&P downgrades France in unscheduled review, flags fiscal risks • LDP, Ishin strike coalition deal in Japan • Dollar index slightly firmer on improved sentiment

• Regional banks spark risk-off sentiment amid rising concerns • Philadelphia Fed manufacturing index shows unexpected downturn • BOJ’s Ueda keeps door open for rate hike as decision nears • French PM survives no-confidence votes with pension concession • UK economy grows modestly in August • Dollar pressured amid US regional bank jitters

• IMF warns of gloomy global outlook • NY Empire State manufacturing index surges past expectations • China deflation eases but price slump persists • Thailand turns to locals with stimulus to revive tourism sector • Dollar falls on ongoing US–China tensions

• Powell signals more cuts amid weak hiring • US-China trade frictions continue • UK unemployment rises and wages cool, spurring rate cut bets • Bank of Thailand sees inflation missing target through 2026 • Dollar weakens amid renewed trade tensions

• Trump threatens 100% tariffs after China's export controls • Michigan consumer sentiment index slightly dips • Japan’s decades-old ruling coalition collapses • China’s exports and imports beat forecasts in September • Dollar recovers on hopes of eased US-China tension

• Fed’s Williams sees rate cuts ahead, Barr calls for caution • BLS bringing back staff to get inflation report out • ECB officials reject rate cut amid inflation risks • Thailand to finalize US trade rules by year-end • Philippine central bank delivers surprise rate cut amid growth concerns • Dollar strengthens, reclaims haven status

• FOMC shows inflation caution despite broad support for rate cut • Trump signals Israel-Hamas peace deal near • France’s Lecornu says Macron can name new premier in 48 hours • Thailand unexpectedly holds rates, trims GDP view but leaves door open to more cuts • Dollar holds firm despite lack of US data

• NY Fed finds rising worry about state of job market in September • RBNZ slashes official cash rate by 50bps to 2.50% • World Bank lifts China 2025 growth, flags 2026 slowdown • Thailand launches $1.4B consumer stimulus • Dollar holds firm amid shutdown, data drought

• Trump imposing new 25% large truck tariff starting Nov. 1 • French PM Lecornu resigns after cabinet backlash • Thailand’s inflation remains in negative territory for sixth straight month • Vietnam posts strongest growth since 2022 • Dollar bid amid heavy yen selling

• US ISM services drops on weakest activity since 2020 • Fed flags tariff inflation risk, downplays missing jobs data • Sanae Takaichi poised to become Japan’s first female PM • Dollar ends week on a weaker note