The AUD/JPY cross trades in negative territory around 111.25 during the early European session on Thursday. Markets could turn cautious later in the day ahead of Tokyo’s Consumer Price Index (CPI) inflation report and the Bank of Japan (BoJ) interest rate decision on Friday. The BoJ is expected to leave interest rates unchanged at 1.25% […]
Japan’s consumer confidence index declined to 35.0 in October 2026 from 35.4 in September, slightly below market expectations of 35.1. It was the lowest reading since July, as sentiment deteriorated across all major components. Households’ views on overall livelihood (33.2 vs 33.8 in September), willingness to purchase durable goods (26.8 vs 27.3), income growth (40.4 […]
The South Korean won strengthened towards 1,336 per US dollar, recovering from two-week lows as broad-based gains across Asian currencies and renewed weakness in the US dollar supported the exchange rate. The won outperformed regional peers as investors reassessed the Federal Reserve’s latest interest-rate decision and responded to improving South Korean business sentiment. The recovery […]
Key takeaways The first four meetings under Warsh’s leadership brought substantial volatility to the markets. However, with the picture becoming increasingly clear, it is hardly surprising that investors are reacting with growing calm. The October decision appeared relatively obvious – for two key reasons. First, the midterm elections are fast approaching and will determine the […]
The Central Bank of the UAE (CBUAE) maintained its overnight deposit facility base rate at 3.9% on Wednesday. The decision followed a similar move by the US Federal Reserve, which held the federal funds rate unchanged at 3.75%–4.00% at its October meeting. The UAE’s monetary policy remains closely aligned with that of the Fed. The […]
The Hong Kong Monetary Authority (HKMA) kept its base rate unchanged at 4.25% on October 29, 2026, following the U.S. Federal Reserve’s decision to maintain its benchmark rate, in line with market expectations. The move reflects Hong Kong’s Linked Exchange Rate System, under which the Hong Kong dollar trades within a HKD 7.75–7.85 per U.S. […]
Car production in the UK surged by 38.6% year-on-year to 70,831 units in September 2026, marking the strongest September output since 2023 and accelerating from a 6.1% rise in August, as manufacturers recover from a cyberattack-hit comparison a year earlier. Total vehicle production rose 36.3% to 74,031 units, the strongest growth since August 2022. The […]
Australia’s export prices increased 1.4% quarter-on-quarter in Q3 2026, following a 1.1% rise in the previous quarter, marking the fourth consecutive quarterly increase. It was the fastest increase since Q4 2025, boosted primarily by a 28.6% jump in natural and manufactured gas. Meanwhile, coal, coke and briquettes prices rose 4.8%, driven by rising metallurgical coal […]
The US 10-year Treasury yield slipped slightly below 5% on Thursday, resuming its decline after the Federal Reserve left interest rates unchanged as widely expected but offered limited guidance on its next policy move. Fed Chair Kevin Warsh also suggested that the central bank could reduce the number of interest-rate decisions from eight to six […]
European natural gas prices eased to €98 per megawatt-hour on Thursday after reaching €100 in the previous session, the highest level since December 2022. The recent rally has been driven by rising heating demand, low gas reserves in Europe, and concerns about a renewed escalation in the Middle East conflict. Prices have more than tripled […]