Daily Market Insight

• Rising treasury futures amid inflation warnings and Middle East conflict • Central banks anticipate rate cuts in 2024 amid controlled inflation • German industrial output falls in August, spurring recession fears • Dollar gains versus euro as Israel-Palestinian conflict spurs safety bid

• US job growth sizzles in September; wage inflation cooling • German industrial orders rebound in August but outlook uncertain • China's Golden Week holiday spending per capita surpasses 2019 levels • Dollar, yen gain on flight to safety as Hamas attack rattles nerves

• Low weekly jobless claims, shrinking trade deficit boost US economic picture • U.S. 10-year yields leap as bond market anticipates end of rate hikes • ECB officials signal potential end to monetary tightening • US dollar's rally supercharged by soaring real yields on Treasuries

• U.S. private sector adds just 89,000 jobs in September • US service sector slows modestly in September • Euro zone economy likely contracted in Q3 amid waning demand • US dollar retreats after mixed batch of data; yen modestly firmer

• US job openings post largest increase in two years; quits rate unchanged • US Treasury yields hit decade high, driven by strong labor market and inflation fears • Japan will take appropriate steps vs excessive yen moves • Yen surges against dollar, leads some to suspect intervention

• US manufacturing sector nears recovery; construction spending solid • Euro zone factory activity stuck in steep downturn in September • Japan's factory activity extends declines in September • Dollar climbs to near 150 vs yen after US shutdown avoided

• US inflation outlook brightens as underlying price pressures subside • Euro zone inflation falls to lowest in 2 years as economy slows • China's factory activity recovery slows in September • Dollar holds near 10-month high, yen under pressure amid strong U.S. economic data

• US weekly jobless claims drop to eight-month low; labor market remains tight • BOE keep the rate unchanged, pauses lengthy hiking cycle • China’s trade hit back, stopped exporting two minerals the world's chipmakers need • Asian currencies stumble amid hawkish Federal Reserve stance

• Economists weigh potential impacts of a US government shutdown • US durable goods orders beat expectations in boost to economy in third-quarter • Thai central bank unexpectedly hikes key rate, raises 2024 growth outlook • Dollar sticks near 10-month high, keeping heat on yen

• US consumer confidence dives to four-month low • JPMorgan CEO warns of potential stagflation amidst US interest rate uncertainties • China's industrial profits extend slump for Jan-Aug, but pace of downturn eases • Dollar at 10-month high, yen weakens amid intervention watch