Your market briefing
The events, headlines and analysis that matter — organised into a briefing you can actually use.
Showing the last available briefing. Check the date before using it.
U.S. Treasuries surge to wrap October in biggest rally since 2024
USD
U.S. Treasuries surge to wrap October in biggest rally since 2024
U.S. Treasuries surge to wrap October in biggest rally since 2024
What this may mean
The development may affect the tagged currencies or assets as markets reassess growth, policy or risk expectations.
U.S. Treasuries surge to wrap October in biggest rally since 2024
USD
U.S. Treasuries surge to wrap October in biggest rally since 2024
U.S. Treasuries surge to wrap October in biggest rally since 2024
What this may mean
The development may affect the tagged currencies or assets as markets reassess growth, policy or risk expectations.
Key points
- Market context: Mixed / needs confirmation
US employment cost index for Q3 +0.8% vs +0.8% expected
USD
Prior quarter was +0.9% Employment benefits +0.9% vs +1.0% prior quarter Employment wages +0.7% vs +0.9% prior quarter The US Employment Cost Index (ECI) increased by 0.8% q/q in the third quarter, with both wages and salaries and benefit costs contributing to the increase.
US employment cost index for Q3 +0.8% vs +0.8% expected
What this may mean
Central-bank guidance can quickly change interest-rate expectations, currency volatility, bond yields and risk appetite.
US employment cost index for Q3 +0.8% vs +0.8% expected
USD
Prior quarter was +0.9% Employment benefits +0.9% vs +1.0% prior quarter Employment wages +0.7% vs +0.9% prior quarter The US Employment Cost Index (ECI) increased by 0.8% q/q in the third quarter, with both wages and salaries and benefit costs contributing to the increase.
US employment cost index for Q3 +0.8% vs +0.8% expected
What this may mean
Central-bank guidance can quickly change interest-rate expectations, currency volatility, bond yields and risk appetite.
Key points
- Market context: Mixed / needs confirmation
Canada GDP for August 0.0% vs 0.2% estimate
CAD
Prior Month 0.0% Details of the Canada GDP for the month of August: August real GDP: 0.0% MoM. September advance estimate: -0.1% MoM.
Canada GDP for August 0.0% vs 0.2% estimate
What this may mean
Inflation developments can change the expected path of interest rates and therefore affect currencies, bonds, equities and gold.
Canada GDP for August 0.0% vs 0.2% estimate
CAD
Prior Month 0.0% Details of the Canada GDP for the month of August: August real GDP: 0.0% MoM. September advance estimate: -0.1% MoM.
Canada GDP for August 0.0% vs 0.2% estimate
What this may mean
Inflation developments can change the expected path of interest rates and therefore affect currencies, bonds, equities and gold.
Key points
- Market context: Mixed / needs confirmation
European session wrap: AI spending fears spook tech stocks; dollar falls alongside yields, gold
USDEURJPYCHF
Headlines: What is spooking markets as stocks, Treasury yields and gold all fall today?
European session wrap: AI spending fears spook tech stocks; dollar falls alongside yields, gold
What this may mean
Central-bank guidance can quickly change interest-rate expectations, currency volatility, bond yields and risk appetite.
European session wrap: AI spending fears spook tech stocks; dollar falls alongside yields, gold
USDEURJPYCHF
Headlines: What is spooking markets as stocks, Treasury yields and gold all fall today?
European session wrap: AI spending fears spook tech stocks; dollar falls alongside yields, gold
What this may mean
Central-bank guidance can quickly change interest-rate expectations, currency volatility, bond yields and risk appetite.
Key points
- Market context: Mixed / needs confirmation
UBS sees scope for further sterling gains as short positioning creates upside
GBP
UBS sees scope for further sterling gains as short positioning creates upside
UBS sees scope for further sterling gains as short positioning creates upside
What this may mean
The development may affect the tagged currencies or assets as markets reassess growth, policy or risk expectations.
UBS sees scope for further sterling gains as short positioning creates upside
GBP
UBS sees scope for further sterling gains as short positioning creates upside
UBS sees scope for further sterling gains as short positioning creates upside
What this may mean
The development may affect the tagged currencies or assets as markets reassess growth, policy or risk expectations.
Key points
- Market context: Mixed / needs confirmation
Sterling today: Pound firms as dollar slips on midterm, AI jitters
USDGBP
Sterling today: Pound firms as dollar slips on midterm, AI jitters
Sterling today: Pound firms as dollar slips on midterm, AI jitters
What this may mean
The development may affect the tagged currencies or assets as markets reassess growth, policy or risk expectations.
Sterling today: Pound firms as dollar slips on midterm, AI jitters
USDGBP
Sterling today: Pound firms as dollar slips on midterm, AI jitters
Sterling today: Pound firms as dollar slips on midterm, AI jitters
What this may mean
The development may affect the tagged currencies or assets as markets reassess growth, policy or risk expectations.
Key points
- Market context: Mixed / needs confirmation
Italy October preliminary CPI +5.4% vs +4.6% y/y expected
Prior +4.2% HICP +5.6% vs +4.6% y/y expected Prior +4.2% Inflation accelerated sharply in October 2026, but the increase was primarily driven by energy prices, with both regulated and non-regulated energy products recording significant increases.
Italy October preliminary CPI +5.4% vs +4.6% y/y expected
What this may mean
Inflation developments can change the expected path of interest rates and therefore affect currencies, bonds, equities and gold.
Italy October preliminary CPI +5.4% vs +4.6% y/y expected
Prior +4.2% HICP +5.6% vs +4.6% y/y expected Prior +4.2% Inflation accelerated sharply in October 2026, but the increase was primarily driven by energy prices, with both regulated and non-regulated energy products recording significant increases.
Italy October preliminary CPI +5.4% vs +4.6% y/y expected
What this may mean
Inflation developments can change the expected path of interest rates and therefore affect currencies, bonds, equities and gold.
Key points
- Market context: Mixed / needs confirmation
Eurozone Q3 GDP beats expectations but the growth surprise comes with a catch
EUR
Eurozone Q3 preliminary GDP +0.4% vs +0.2% q/q expected Prior +0.6% Eurozone Q3 preliminary GDP +1.3% vs +1.1% y/y expected Prior +1.2% Well, well, well. The euro area economy has managed to pull a rabbit out of the hat, delivering a better-than-expected Q3 GDP reading at first glance.
Eurozone Q3 GDP beats expectations but the growth surprise comes with a catch
What this may mean
Central-bank guidance can quickly change interest-rate expectations, currency volatility, bond yields and risk appetite.
Eurozone Q3 GDP beats expectations but the growth surprise comes with a catch
EUR
Eurozone Q3 preliminary GDP +0.4% vs +0.2% q/q expected Prior +0.6% Eurozone Q3 preliminary GDP +1.3% vs +1.1% y/y expected Prior +1.2% Well, well, well. The euro area economy has managed to pull a rabbit out of the hat, delivering a better-than-expected Q3 GDP reading at first glance.
Eurozone Q3 GDP beats expectations but the growth surprise comes with a catch
What this may mean
Central-bank guidance can quickly change interest-rate expectations, currency volatility, bond yields and risk appetite.
Key points
- Market context: Potentially supportive
UBS raises zloty forecast as currency faces mounting pressure
UBS raises zloty forecast as currency faces mounting pressure
UBS raises zloty forecast as currency faces mounting pressure
What this may mean
The development may affect the tagged currencies or assets as markets reassess growth, policy or risk expectations.
UBS raises zloty forecast as currency faces mounting pressure
UBS raises zloty forecast as currency faces mounting pressure
UBS raises zloty forecast as currency faces mounting pressure
What this may mean
The development may affect the tagged currencies or assets as markets reassess growth, policy or risk expectations.
Key points
- Market context: Mixed / needs confirmation
UBS sees Bank of England rate hikes supporting pound vs franc
GBP
UBS sees Bank of England rate hikes supporting pound vs franc
UBS sees Bank of England rate hikes supporting pound vs franc
What this may mean
Central-bank guidance can quickly change interest-rate expectations, currency volatility, bond yields and risk appetite.
UBS sees Bank of England rate hikes supporting pound vs franc
GBP
UBS sees Bank of England rate hikes supporting pound vs franc
UBS sees Bank of England rate hikes supporting pound vs franc
What this may mean
Central-bank guidance can quickly change interest-rate expectations, currency volatility, bond yields and risk appetite.
Key points
- Market context: Potentially supportive
German state inflation cools in October, but will that ease the ECB's headache?
EUR
The state readings released around the same time: Bavaria September CPI +2.8% vs +3.2% y/y prior Saxony September CPI +2.9% vs +3.3% y/y prior North Rhine Westphalia September CPI +2.7% vs +3.3% y/y prior Baden Wuerttemberg September CPI +2.6% vs +2.9% y/y prior After the acceleration in September, headline inflation is seen cooling back a little in German states.
German state inflation cools in October, but will that ease the ECB's headache?
What this may mean
Central-bank guidance can quickly change interest-rate expectations, currency volatility, bond yields and risk appetite.
German state inflation cools in October, but will that ease the ECB's headache?
EUR
The state readings released around the same time: Bavaria September CPI +2.8% vs +3.2% y/y prior Saxony September CPI +2.9% vs +3.3% y/y prior North Rhine Westphalia September CPI +2.7% vs +3.3% y/y prior Baden Wuerttemberg September CPI +2.6% vs +2.9% y/y prior After the acceleration in September, headline inflation is seen cooling back a little in German states.
German state inflation cools in October, but will that ease the ECB's headache?
What this may mean
Central-bank guidance can quickly change interest-rate expectations, currency volatility, bond yields and risk appetite.
Key points
- Market context: Mixed / needs confirmation
Italy Q3 preliminary GDP +0.0% vs +0.1% q/q expected
Prior +0.3% GDP Y/Y +1.2% vs 1.1% expected Prior +1.0% Germany's economy expanded by 0.2% q/q in the third quarter of 2026, according to preliminary data from Destatis, extending the recovery seen in the first half of the year. GDP increased by 1.3% y/y in price-adjusted terms, or 1.2% when adjusted for both prices and calendar effects.
Italy Q3 preliminary GDP +0.0% vs +0.1% q/q expected
What this may mean
Growth data can reshape recession, earnings and policy expectations across currencies and risk assets.
Italy Q3 preliminary GDP +0.0% vs +0.1% q/q expected
Prior +0.3% GDP Y/Y +1.2% vs 1.1% expected Prior +1.0% Germany's economy expanded by 0.2% q/q in the third quarter of 2026, according to preliminary data from Destatis, extending the recovery seen in the first half of the year. GDP increased by 1.3% y/y in price-adjusted terms, or 1.2% when adjusted for both prices and calendar effects.
Italy Q3 preliminary GDP +0.0% vs +0.1% q/q expected
What this may mean
Growth data can reshape recession, earnings and policy expectations across currencies and risk assets.
Key points
- Market context: Potentially negative
No updates match these filters.