- Westpac: October job rebound lets RBA look past September weakness, stay inflation-focused
- China set for 5% growth in 2026 on strong exports, Macquarie's out of consensus call says
- Trump has signed the bill to reopen the US government
- Australian dollar up, shares down. Strong jobs report destroys hope for RBA rate cut.
- Tokyo Stock Exchange considers curbs on listed firms hoarding crypto assets
- Japan wholesale inflation slows to 2.7% as import costs fall, BOJ stays cautious - recap
- US House votes to reopen the government. Trump to sign soon
- PBOC sets USD/ CNY reference rate for today at 7.0865 (vs. estimate at 7.1156)
- A USD/JPY surge above 155 heightens intervention risk. USD/JPY the Thanksgiving turkey?
- Australian dollar jumped higher on the very strong jobs report - no RBA rate cuts ahead
- Ueda says BOJ ready to act if long-term yields move out of line with fundamentals
- Japan's finance minster says its hard to forsee Japan defaulting on its debt
- Australian October unemployment rate 4.3% (expected 4.4%, prior 4.5%)
- Takaichi: Will strive to create strong economy so that tax revenues rise without tax hikes
- BoJ Ueda: BOJ striving to achieve moderate inflation, wage growth, helping improve economy
- Australian Inflation Expectations (November 2025) 4.5% (prior 4.8%)
- White House says September BLS data will be released after the government reopening
- Japan October PPI +0.4% m/m (expected +0.3%) & +2.7% y/y (expected +2.5%)
- US House of Representatives voted to advance legislation to reopen the federal government
- EU drafts plan to advance U.S. trade deal and secure broader tariff relief - 5 key points
- Japan firms upbeat under PM Takaichi but see risks from minority government, China tension
- Microsoft taps OpenAI chip designs to boost in-house AI hardware development
- Switzerland heads to Washington to seal tariff-cutting deal
- FT says EU to accelerate limitations on incoming cheap Chinese parcels
- Full SNAP benefits to restart within 24 hours once shutdown ends, USDA says
- Oil - private survey of inventory shows a headline crude oil build less than expected
- NZ retail spending inches higher in October as card transactions show modest lift
- Fed's Collins: Still high inflation means mildly restrictive policy is still warranted
- Another mixed day for US stocks. The rotation out of tech and into Dow stocks continue
- Fed's Collins says its likely to be appropriate to keep rates on hold for some time
- investingLive Americas market news wrap: Gold and bitcoin head in opposite directions
Boston Fed President Susan Collins spoke after U.S. markets closed, reinforcing the more cautious tone emerging within the FOMC. Collins, who backed last month’s quarter-point cut, said she sees a “relatively high bar” for any additional easing in the near term, citing stubborn price pressures, the inflationary impact of tariffs, and limited data during the government shutdown.
Her comments mean four voting Fed officials (Collins, Musalem, Goolsbee and Schmid — who dissented against the October cut) are now openly signalling they are not looking for another reduction in December.
In Japan, wholesale prices rose 2.7% in October, above expectations. BOJ Governor Ueda told parliament that underlying inflation — stripping out temporary factors — is “gradually accelerating” toward the 2% target, suggesting progress toward meeting rate-hike conditions. On JGBs, Ueda reiterated that if long-term yields were to rise sharply in a way inconsistent with normal market moves, the BOJ stands ready to respond flexibly, including through additional bond buying.
The Australian dollar rallied while local equities fell to a three-month low after a very strong labour-market report. The unemployment rate dropped from last month’s four-year high, job gains were double expectations, and full-time hiring surged. The data effectively removes any prospect of a December RBA rate cut — and likely pushes out easing expectations further, well into 2026.
The U.S. government shutdown has ended, with Congress passing legislation to reopen federal agencies after 43 days — the longest shutdown in U.S. history. The White House said the delayed September BLS data will be released now that the government has reopened.
FX was subdued, with most major pairs trading in tight ranges. USD/JPY briefly moved toward 155.00 before easing back, while EUR/JPY hit a record high near 179.50. Gold edged higher, while oil prices recovered some ground.
Asia-Pac stocks:
- Japan (Nikkei 225) +0.23%
- Hong Kong (Hang Seng) -0.58%
- Shanghai Composite +0.44%
- Australia (S&P/ASX 200) -0.87%
