Daily Market Insight

• Fed cuts rates by 0.25% amid ongoing progress against inflation • BOE delivers rate cut with warning on budget’s inflation hit • China's trade surplus beats expectations in October with a surge in exports • Dollar drops as Fed cuts rates, traders unwind some Trump trades

• Trump claims US Presidential victory in remarkable comeback • Australia trade balance hits 4-year low in September amid China weakness • Thai inflation stays below central bank target for fifth month • Malaysia central bank keeps key rate at 3.00% at final policy meeting of year • Dollar surges, euro plummets as Trump wins the US presidency

• US service sector activity surges to its highest level in over two year • Japan's service sector contracts as sales weaken and confidence drops • RBA keeps interest rates steady and plans to continue restrictive policy • China's services sector strengthens as business conditions improve • Dollar falls as US election nears, uncertainty prevails

• U.S. factory orders drop for the second month in a row in September • Eurozone manufacturing slump stabilizes in October • Eurozone Sentix investor confidence index increases slightly • South Korea’s inflation cools to slowest pace since 2021 • Thailand delays central bank chair selection to next week • The dollar fell as traders unwound "Trump trades" before the election

• US job growth fell short of expectations in October due to hurricanes and strikes • US manufacturing drops to 15-month low in October • Canadian manufacturing PMI hits a 20-month high in October • China new home prices grow slightly faster in October • Dollar rebounds after weak jobs data; traders watch the US election

• Key US inflation gauge and spending pick up in solid economy • US jobless claims fall to five-month low as storm impact fades • The BOJ keeps its policy steady but leaves open the possibility of a near-term rate hike • Eurozone inflation rises, supporting a cautious approach to rate cuts • Dollar falls against yen, US data leaves rate cut hopes intact

• US economy rises 2.8%, driven by robust consumer activity • US private payrolls growth surges in October • Eurozone growth surpasses expectations, but the outlook is uncertain • UK's Reeves raises taxes the most since 1993 in her first Labour budget • US dollar weakens ahead of the election and NFP report

• US job openings hit a three-and-a-half-year low in September • US consumer confidence rebounds in October • China considers $1.4 trillion fiscal stimulus plan • Thailand maintains inflation target for next year with conditions • The dollar steadies ahead of important economic data

• Japan’s job market strengthens, signaling potential wage increases • Thai exports rose but missed forecasts, with growth expected in Q4 • Apple prohibited from selling iPhone 16 models in Indonesia • Yen faces pressure following Japan election

• US core capital goods orders are strong, but business equipment spending is cooling slightly • US consumer sentiment reaches six-month high thanks to lower interest rates • German business sentiment rises, giving a rare boost to the struggling economy • Japan's ruling coalition loses majority, leaving election results uncertain • Dollar on track for weekly gain; next week's payrolls looms large