Eamonn Sheridan

Japan S&P Global Services PMI Final for October 2025 53.1, down from September's 53.3

Australian September trade balance comes a touch under expected at +3938mn (4000 expected)

• Exports and imports both higher m.m

Axios: Nvidia’s Jensen Huang warns U.S. could lose AI race to China

• Huang’s remarks highlight growing concern that U.S. regulatory uncertainty could weaken its AI leadership. The comments may renew pressure on policymakers to accelerate infrastructure, energy, and research investment.

PBOC is expected to set the USD/CNY reference rate at 7.1222 – Reuters estimate

• PBOC CNY reference rate setting for the trading session ahead.

Trump is scheduled to make an announcement on Thursday, November 6, 2025 at 1600 GMT

• Crank up the hype! Probably a distraction from the utter chaos at airports.