Market pricing is around 80% for a 0.25% rate cut from the Bank of Canada today, due at 0945 Eastern time:
 
 Bank of Canada Governor Macklem's press conference will follow 45 minutes later.
Earlier previews are here:
Market pricing is around 80% for a 0.25% rate cut from the Bank of Canada today, due at 0945 Eastern time:
Bank of Canada Governor Macklem's press conference will follow 45 minutes later.
Earlier previews are here:
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 South Korea September Industrial Output -1.2% m/m and +11.6% y/y. Retail sales fell also.
Fed cuts rates 0.25% again, but yields rise, pressuring bonds. Two dissenters signal internal Fed friction.
Nikkei 225 futures show mixed action; Nov '25 up 340 pts to 51320, but open interest drops significantly.
PIMCO said Powell’s warning that a December rate cut isn’t guaranteed shows a more data-dependent Fed. Markets trimmed odds of a December move to 70%. The firm expects QT to end Dec. 1 and a slower easing path into 2026 as inflation cools.
Bitcoin hovers near $107K, down 3.5% as Fed comments spark bearish sentiment. Odds for $120K drop to 43%.
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?”
ANZ said its second-half profit will be cut by about A$1.11 bn (US$721 mn) after tax due to one-off restructuring and regulatory settlement costs. The lender said the charges are non-recurring and won’t impact capital or dividend guidance.
 
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