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EUROPEAN SESSION In the European session, the main highlight will be the UK Budget announcement at 12:30 GMT/08:30 ET. The UK Chancellor is expected to announce targeted tax increases and cost-of-living support, with markets focused on the OBR’s updated forecasts and the government’s fiscal headroom, estimated at around £15–16bn.

Germany November GfK consumer sentiment -30.8 vs -30.9 expected Prior -30.6 The breakdownDetails to follow... What does the data measure?The GfK consumer climate index measures German households' confidence in their financial prospects and willingness to spend.

Germany November GfK consumer sentiment -30.8 vs -30.9 expected Prior -30.6 The breakdownThe latest GfK survey shows that German consumer sentiment is set to slip marginally heading into November, amid growing inflation fears and more subdued income prospects.

It has been quite an eventful start to the day so far as the central bank bonanza rolls into town. That is putting inflation back in the spotlight with there already being plenty to digest before European traders get to their desks and before we even get to the main events later today.

RBNZ’s Breman: more hikes likely at coming meetings, possibly into restrictive territory US warns Gulf allies of possible short, intense Iran campaign after midterms: WSJ Oil edges higher after Houthis claim missile strike on Saudi Arabia’s biggest refinery RBA’s Bullock: Inflation is far too high PBOC sets USD/ CNY mid-point today at 6.7165 (vs.

Oil is the clearest driver of the headline beat, and Bullock tied higher energy prices directly to a worse inflation outlook only minutes before the release, so any further rise in crude adds to the case for tightening. The bigger signal for markets is the core reading.

Australia CPI, September 2026 / Q3 Quarterly (Q3) CPI q/q: 1.3% vs. 1.3% expected (prior 0.6%) CPI y/y: 3.9% vs.

Dollar hits 2-week high a day ahead of Fed decision, euro slips on French worries

A sharp slowdown in supply growth would ease one source of pressure on bond markets after a heavy 2026, which could help keep corporate spreads tight if demand holds up. AI borrowing stays the main swing factor for supply: with capex expected to top $1.3 trillion, hyperscaler issuance will keep testing investor appetite for technology credit.

US September durable goods orders +1.8% vs +1.7% expected US FHFA Monthly home prices index 0.3% vs 0.2% estimate US August Case-Shiller 20-city house price index +2.7% y/y vs +2.6% expected October US consumer confidence 91.7 vs 81.0 expected US New home sales for September 0.676M annualized vs 0.650M estimate US October Richmond Fed -2 vs -2 expected Flávio Bolsonaro repor...

Flávio Bolsonaro is reportedly en route to the United States, according to allies cited by Folha de S.Paulo. That comes just two days after he lost the presidential runoff to Lula, and after the Supreme Court ordered him to surrender his passports amid criminal investigations.

Manufacturing shipments 0 vs -5 last month Other details: Employment 3 versus 7 last month Wages 20 versus 17 last month Prices paid 7.12 versus 7.08 last month Prices received 5.27 versus 4.19 last month New orders -8 versus -6 last month Backlog of orders -21 versus -10 last month Capacity utilization -7 versus -7 last month Capital expenditures -12 versus -7 last month Se...