Australian Q3 PPI +1.0% q/q (prior +0.2%) and +3.5% y/y (prior +3.4%). Forget about Reserve Bank of Australia rate cuts for a good while.
TD Securities: December BoJ rate hike still possible despite cautious Ueda The BoJ’s hold and Ueda’s cautious remarks weakened the yen, but TD Securities said a December move remains on the table as wage data and fiscal coordination evolve.
Japan Industrial Production (MoM) (September), preliminary 2.2% m/m (vs. expected 1.5%) Japan Industrial Production
Japan Retail Sales +0.5% y/y (vs. expected 0.7%)
PBOC is expected to set the USD/CNY reference rate at 7.1171 – Reuters estimate
Meta plunges on earnings miss, Moderna soars 10%. Tech stocks face headwinds as traders eye valuation shifts.
RBA is expected to hold its cash rate at 3.60% on Nov. 4 as inflation climbs above target. A Reuters poll shows economists now see the next and likely final rate cut in Q2 2026, delayed from late 2025, as stronger prices stall easing plans.
 
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