- Westpac says RBA’s November meeting remains "well and truly" live after jobs data
- Federal Reserve Bank of St. Louis President Alberto Musalem speak on Friday
- Bank of England Chief Economist Huw Pill speaks on Friday
- Japan LDP, opposition CDP, agree to hold vote to decide next prime minister on Oct 21
- MUFG: ECB may cut again by mid-2026 but euro seen firm as Fed eases faster
- Gold washing out from its record high, back under US$4290
- Seoul warns of FX risks as Trump pushes for US$350 bn upfront payment
- PBOC sets USD/ CNY reference rate for today at 7.0949 (vs. estimate at 7.1154)
- China’s Canadian oil imports hit record as Beijing shuns US crude
- September Singapore Non-oil Domestic Exports (NODX) +6.9% y/y (vs. expected -2.1%)
- Standard Chartered say global reserve managers are trading the US dollar countercyclically
- Kashkari: Fed may be overstating slowdown, backs more insurance rate cuts
- US jobless claims seen falling, but labour market remains sluggish - preview
- Westpac: US dollar strength driven by yen weakness and global policy divergence
- Nomura: China likely to drop specific growth target in 15th Five-Year Plan
- S&P: Trump’s tariffs to cost $1.2 trillion, consumers bear most of burden
- Reports that the US military have struck another drug boat in the Caribbean
- ECB's Scicluna says the Bank must not rush into further rate cuts
- Fed's Kashkari says its too soon to know the impact of tariffs on inflation
- SOFR rise above Fed Funds signals emerging US funding tightness (**** could hit the fan)
- ICYMI: China accuses US of fuelling global panic over rare earth export curbs
- On & on it goes. HSBC see gold rally extending in 2026: fiscal fails, central bank demand
- Pharma giants NVO and LLY stock prices slammed lower after hours - Trump comments weighing
- Trump says he thinks the price of fat loss drugs will fall
- Miran talking down tariff inflation impact
- US stocks close lower. Russell 2000 tumbles by over 2%
- investingLive Americas market news wrap: Waller signals 25 bps rate cut this month
Gold staged another volatile session, surging to a record high above US$4,370 late in the U.S. day and into the Asian morning. The near-parabolic rally was followed by a swift plunge, reversing sharply below US$4,290, and followed then by a recovery, with prices stabilising around US$4,260 later in the session. There was no clear catalyst behind the move(s). Silver also hit a record high above US$54.30.
In equities, regional markets slipped, tracking Thursday’s weak Wall Street close, as concerns over risky bank lending continued to weigh on sentiment.
Among corporates, Novo Nordisk and Eli Lilly fell in after-hours trading after President Trump remarked on a push for price cuts on weight-loss drugs, pressuring the sector.
From the Federal Reserve, Minneapolis Fed President Neel Kashkari said he expects two more “insurance” rate cuts before year-end, describing the economy as stronger than perceived. His balanced remarks reinforced expectations for measured, rather than aggressive, policy easing.
In currencies, the euro outperformed, with EUR/USD climbing back above 1.1710, while USD/CHF drifted lower toward 0.7900 as the Swiss franc firmed.
Asia-Pac stocks:
- Japan (Nikkei 225) -1.28%
- Hong Kong (Hang Seng) -1.59%
- Shanghai Composite -1.00%
- Australia (S&P/ASX 200) -0.75%
