Bloomberg Surveillance

Australia’s auction clearance rate fell to a three-month low as long weekends in some states and the central bank’s interest-rate increases damped activity.

Any urgency among Federal Reserve and European Central Bank policymakers to follow up September interest-rate hikes at this month’s meetings has been dialed back in the wake of soft US jobs data and acute stress in French financial markets.

Treasury Secretary Scott Bessent said the recent rise in US Treasury yields was in line with global trends and didn’t warrant consternation, even as worries about persisting price pressures pushed some benchmark rates to their highest in more than two decades.

The nation has proven it can scale up, but it will likely follow a different path.

The US economy added fewer workers than projected in September and wage growth disappointed, suggesting high costs are keeping employers cautious.

German Chancellor Friedrich Merz is set to meet both of the frontrunners to succeed European Central Bank President Christine Lagarde, people familiar with the matter said.

America’s “exceptionally large” budget deficits and inexorably rising debt risks making it increasingly vulnerable to fickle investors, Scope Ratings warned.

Vietnam’s economy accelerated more than expected in the third quarter on rising foreign investment and factory output, putting the nation in reach of the government’s ambitious double-digit growth goal for the year.

Germany’s output could grow 1% this year, according to Bundesbank President Joachim Nagel.

Christine Lagarde ought to provide some clarity on her future as European Central Bank president, according to Italy’s finance minister.

Federal Reserve Chairman Kevin Warsh has vowed to avoid sending clear signals to investors on where interest rates are headed. His top deputies made clear this week they’re willing to oblige — and investors showed they’re still listening.

UK inflation could near 5% if President Donald Trump stopped US exports of diesel, economists warned after motorists saw prices hit £2 ($2.7) per liter for the first time ever.

Rebecca Patterson, the former Bridgewater Associates LP chief investment strategist, warned that the US Federal Reserve’s unanimity on last month’s interest-rate hikes is likely to crack in October as policymakers diverge over next steps.

Some City of London executives are concerned the government may use this month’s budget to levy a windfall tax on the profits of domestic banks even as the UK operations of international lenders are exempted, according to people with knowledge of the matter.

The European Central Bank risks being pulled into the vortex of France’s bond-market troubles as surging yields raise pressure on officials to act.

The biggest force in Peru’s gold industry these days isn’t Newmont Corp. or Buenaventura. It’s the thousands of illegal miners digging across South America’s No. 1 gold producer.

Here are the key takeaways for the US employment report for September, released Friday:

The US added fewer jobs than expected in September and wage growth slowed, signaling some caution among employers amid rising costs.