French Q4 French Non-farm Payrolls: as expected – 0.20%

TD Securities: December BoJ rate hike still possible despite cautious Ueda The BoJ’s hold and Ueda’s cautious remarks weakened the yen, but TD Securities said a December move remains on the table as wage data and fiscal coordination evolve.

Japan Industrial Production (MoM) (September), preliminary 2.2% m/m (vs. expected 1.5%) Japan Industrial Production

Japan Retail Sales +0.5% y/y (vs. expected 0.7%)

PBOC is expected to set the USD/CNY reference rate at 7.1171 – Reuters estimate

Meta plunges on earnings miss, Moderna soars 10%. Tech stocks face headwinds as traders eye valuation shifts.

RBA is expected to hold its cash rate at 3.60% on Nov. 4 as inflation climbs above target. A Reuters poll shows economists now see the next and likely final rate cut in Q2 2026, delayed from late 2025, as stronger prices stall easing plans.

Mortgage rates jump 20bps post-Fed comment; year-on-year down 0.5%. Affordability concerns loom.