FX option expiries at the 10am New York cut for Friday, October 31, 2025. Larger expiries clustered in USD/JPY and USD/CAD; moderate interest in EUR/USD and AUD/USD.
China official manufacturing PMI (October) 49.0 (expectd 49.6) services 50.1 (expected 50). China Manufacturing PMI in contraction for the seventh month in row, and hits a 6-month low
UK gilts offer best value in Europe, Nomura strategist says Nomura’s bullish stance highlights renewed investor appetite for gilts amid easing UK inflation and still-elevated yields.
PBOC sets USD/ CNY reference rate for today at 7.0880 (vs. estimate at 7.1171) PBOC CNY reference rate setting for the trading session ahead.
Lean hog futures mixed; national hog price dips to $84.74. Coffee & cocoa rebound on tight ICE inventories.
Wheat futures dip 7-10 cents on trade deal relief & EU output hike. Dryness looms, but importers seek 40k MT.
Live cattle futures edge higher; feeder cattle dip. Shrinking coffee/cocoa inventories support prices, watch slaughter rates.
 
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