China’s factory activity expanded for the first time since June, with a slew of indicators showing the economy ended the third quarter on a bright note as policymakers move to deploy new measures to support growth. (Source: Bloomberg)
Sri Lanka’s central bank kept its benchmark interest rate unchanged, while signaling it was prepared to act if needed to steer inflation back toward its target.
China’s factory activity expanded for the first time since June, with a slew of indicators showing the economy ended the third quarter on a bright note as policymakers move to deploy new measures to support growth.
Australian inflation cooled in August, absorbing a surge in fuel costs and prompting traders to wind back bets on the Reserve Bank delivering a follow-up increase in interest rates at its next meeting.
China’s latest economic stimulus package appears designed to keep economic growth on target rather than deliver a broad revival, leaving investors waiting for more aid to address the country’s underlying demand weakness.
South Korea expects its national tax revenue to soar to a record high this year, underscoring the scale of a semiconductor-driven windfall underpinning President Lee Jae Myung’s ambitious investment agenda.
Japan’s industrial production fell for a second month after an earthquake disrupted operations in the nation’s south and as manufacturers continue to contend with higher costs stemming from the Middle East conflict.
Traders are ramping up bets that Treasury yields will keep climbing from their current roughly two-decade highs, raising the risk of an abrupt unwind of those positions on any sign of a marked economic cooling.
A senior Bank of Canada official said the central bank’s rate-setting body is in a “dilemma” and having spirited discussions about how to balance the impact of the trade war against the inflation effects of high energy prices.
Federal Reserve Bank of New York President John Williams said one more interest-rate hike “late this year” may be appropriate to help contain inflation, prompting investors to dial back their expectations for an increase in October just before midterm elections.
Latin America’s biggest economy created more jobs than expected in August, handing President Luiz Inácio Lula da Silva an upbeat economic data point just days before voters head to the polls.
Bank of England rate-setter Alan Taylor played down the need for interest-rate hikes to tackle the energy crunch, saying there is not evidence yet that higher inflation is spreading widely across the UK economy.
France is planning to sell a record amount of bonds in 2027 as the government seeks to fund a wide budget deficit and replace a large chunk of maturing debt.
Federal Reserve Vice Chair for Supervision Michelle Bowman warned banks on Tuesday to buffer their systems against artificial intelligence threats while emphasizing the technology can benefit lenders.
US job openings fell in August to a five-month low, suggesting employers grew more cautious about expanding their workforces toward the end of the summer, while layoffs remained subdued.
Mexico’s central bank can chart a monetary policy course independent of the Federal Reserve because the local economy is navigating different conditions than in the US, Governor Victoria Rodríguez said in an interview.
Spain’s contender to succeed European Central Bank President Christine Lagarde next year is set to get serious backing from other euro-area countries, according to Governor José Luis Escrivá.
