Daily Market Insight

• US small business sentiment falls in October • Euro zone Sept retail sales up m/m, Aug revised upwards • Japan's H1 current account surplus falls the most yr-on-yr since 2008 • Gold rallies above $1,700 as dollar weakens amid election jitters

• US yields advance as markets brace for inflation data, midterm elections • German industrial output grows more than expected in September • Thai headline CPI rises 5.98% y/y in Oct, slightly below forecast • Japan foreign reserve down for 3rd month after intervention

• US job growth strong in October, but cracks emerging • Euro zone downturn deepens, points to winter recession • UK long-run inflation expectations drop to 4.2% • Dollar drops as U.S. nonfarm payrolls show mixed results

• US labor market unwavering despite stiff interest rates hikes • UK services slump at fastest pace since early 2021 • China’s rich provinces post slower growth than national economy on COVID curbs • Oil prices drop as demand fears dominate

• Fed delivers fourth 75 bps hike, signals scale-back coming • Euro zone factory downturn deepened in October as demand slumped • German manufacturing slumps in October as new orders drop • Dollar regains strength as Powell dashes hope of a Fed pause

• US job openings bounce sharply in Sept but ISM manufacturing PMI falls • UK house prices fell the most in 2 years in September amid mortgage crisis • Chinese manufacturing activity shrinks in October • Oil rises on unexpected US inventory draw, Fed limits gains

• Rise in US consumer spending beats expectations; wage inflation slows • Euro zone inflation soars past forecasts to new record high • Japan Oct factory growth hits 21-month low as China conditions worsen • Oil prices trim losses as OPEC hikes demand forecast

• US pending home sales dip in September • Germany dodges recession but inflation climbs to 11.6% • Chinese manufacturing activity shrinks in October • Oil slips as China COVID curbs outweigh concerns over U.S. output

• US economy expanded by 2.6% in the third quarter • ECB raises interest rates again, cuts bank subsidies • BoJ holds ultra-low interest rates, raises 2022 inflation forecast • IMF cuts Asia's economic forecasts as China's slowdown bites

• US mortgage rates top 7% for first time in two decades • Japan’s extra budget for stimulus package to exceed $198 billion • South Korea Q3 GDP hits 1-year low, slightly above expectations • Dollar sells off on speculation of less hawkish Fed, euro regains parity