- We're making progress but we're not there yet
These are throwaway comments but it's a good time to reminder readers that the latest PCE report is due tomorrow and at 2.6% y/y.
These are throwaway comments but it's a good time to reminder readers that the latest PCE report is due tomorrow and at 2.6% y/y.
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SKorea's factory PMI drops to 49.4 in Oct. Output & new orders contract amid US tariffs. Input costs rise.
Australian September Household Spending +0.2% m/m . September building permits +12% m/m.
PBOC is expected to set the USD/CNY reference rate at 7.1171 – Reuters estimate
Wealth effect fuels spending: 1% stock gain adds 0.05% to consumption. AI stocks boost spending $250B!
Australia private inflation indicator higher at 3.1% y/y in October (prior 3.0%). While the uptick is modest, it reinforces the RBA’s cautious stance.
Trump pushes immigration raids, expanding deputized police. Concerns rise over profiling & wrongful arrests.
S&P 500 futures flat after +2% October gains. Traders eye November upside amid market chop.
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