Eamonn Sheridan

PIMCO: Powell reins in market cut bets as Fed ends QT, stays data-dependent

• PIMCO’s take suggests the Fed is unlikely to rush further cuts without clear labor weakness, reinforcing a slower easing cycle into 2026. The end of QT and Powell’s data-dependent stance may support front-end yields and limit dollar downside.

Australia news: ANZ flag AUD1.1bn hit to second-half profit from restructuring, settlement

• The one-off charges will trim near-term profitability but we'll have to see how they affect ANZ’s dividend capacity. Investors may focus on cost control and balance sheet strength at the upcoming results.

Deutsche Bank: Eurozone resilience keeps ECB doves in check

• Deutsche Bank’s chief European economist asks “Where’s the smoking gun for a rate cut?”

Goldman Sachs says ECB rate cut risk underpriced as data stay mixed

• Goldman’s view suggests traders may need to reprice eurozone rate expectations, with softer inflation and sluggish growth keeping policy bias skewed toward further easing in 2026. Euro yields and the euro currency could stay capped near-term.

ANZ Roy Morgan New Zealand Consumer Confidence Index 92.4 October (prior 94.6)