Daily Market Insight

• US layoffs drop, but risks remain • EU plans 50% tariff on steel imports • BoJ Deputy reaffirms rate hike stance after Tankan • Japan jobless rate rises ahead of BOJ meeting • Dollar edges up amid second day of shutdown

• ADP report shows 32,000 job loss after benchmark revision • US ISM manufacturing PMI rises in September but remains in contraction • Fitch, S&P downplay US shutdown risks to rating and economy • Eurozone inflation ticks up, supporting ECB rate pause • Dollar mixed as shutdown begins, ADP jobs data disappoints

• US government shutdown imminent after senate blocks GOP bill • US JOLTs job openings exceed forecasts • US consumer confidence weakens in September on labor market worries • China’s official PMI slump extends to longest since 2019 • Thailand’s August factory output drops sharply • Dollar slips amid month- and quarter-end flows

• Trump sets 10% tariff on softwood lumber, 25% on cabinets • Pending home sales surge, beating expectations • Dovish BOJ member acknowledges growing need for rate hike amid risks • Japanese economic data falls short of expectations • Spanish inflation hits 15-month high, support ECB pause • Dollar weakens ahead of crucial US labor data

• Core PCE price index steady, meets forecast • US consumer sentiment dips slightly below forecast • Trump to meet top congressional leaders as US shutdown nears • ECB consumer expectations survey shows inflation outlook rise • Dollar is giving back some of its recent gains

• US GDP beats forecasts with 3.8% growth • Weekly US jobless claims drop • Trump slaps 100% tariff on pharma imports • Tokyo CPI unexpectedly holds steady • Dollar extends rally on strong US data

• US New home sales surge, beating forecast and previous numbers • Japan manufacturing PMI contracts more than expected in September • Fitch lowers Thailand outlook to negative amid political uncertainty • Thailand’s export growth slows as US tariffs take toll • The dollar firmed on Wednesday, trimming earlier weekly losses

• Powell sees challenges in Fed’s path forward • US PMI largely meets expectations in September • Euro zone PMI hits 16-month high but highlights country divergence • OECD warns resilient global economy to feel tariff impact in 2026 • Thai central bank says better BOP records halved 2024 balancing item • The dollar edges down slightly

• Fed officials reiterated their stance • China leaves loan prime rate unchanged in September • Australia PMI slows in September as tariffs hit exports • Dollar trades lower to start the week amid limited headlines

• Trump’s $100,000 H-1B Visa change sparks uncertainty • Bank of Japan keeps interest rates unchanged; outlines ETF sale plans • UK budget deficit overshoots forecast, pressuring Reeves ahead of autumn budget • Thailand plans 8% cut in borrowing as debt approaches limit • Dollar closed flat as FOMC gains offset earlier losses