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October 17, 2025
Looking at the Candidates for U.S. FOMC Chair
October 17, 2025 3:22 PM UTC
There are now five candidates for Fed Chair, in a rough order of decreasing credibility, current Fed Governor Christopher Waller, current Fed Governor Michelle Bowman, former Fed Governor Kevin Warsh, National Economic Council Director Kevin Hassett, and Rick Rieder, Blackrock’s Chief Investment
EZ Inflation Outlook: The Deeper Debate About 2028?
October 17, 2025 10:24 AM UTC
The ECB is clearly split about whether policy has troughed or not, this mainly a result of differences within the Council as to where inflation risks lie. Hawks perceive upside risks emerging while the dovish camp feels the opposite. These divisions are likely to magnify when the ECB updates its
Europe Summary and Highlights 17 October
October 17, 2025 10:16 AM UTC
EUR/USD fell back 20 pips through the European morning to trade below 1.17, and the riskier currencies were generally slightly softer against the USD, while USD/JPY and USD/CHF were net little changed after dropping in early trading.
India Accelerates Mineral Diplomacy as Beijing Tightens Export Controls
October 17, 2025 7:31 AM UTC
China’s expanded export curbs on rare earths have pushed India to fast-track its critical minerals strategy — combining domestic stockpiles, new mining auctions, and global supply alliances. New Delhi’s plan hinges on building refining capacity and securing long-term deals in Latin America, Af
Oil, Tariffs, and Technology: Inside India–US Trade Negotiations
October 17, 2025 6:27 AM UTC
India and the US are nearing the first phase of a long-awaited Bilateral Trade Agreement, with negotiations in Washington focusing on tariffs, digital standards, and supply-chain resilience.Energy remains the flashpoint, as Washington’s 50% duties tied to India’s Russian oil imports complicate p
Asia Open - Overnight Highlights
October 17, 2025 12:00 AM UTC
EMERGING ASIA
EM currencies are trading mostly stronger against the greenback as USD follows the move in U.S. Treasury yields. The biggest winners are KRW 0.39%, followed by INR 0.27%, SGD 0.19%, MYR & CNH 0.07%, HKD 0.05% and CNY 0.03%; while the largest losers are PHP by 0.14%, followed by IDR 0.05
October 16, 2025
U.S. Budget Deficit falls in Fiscal Year 2024-25 as tariff revenues pick up
October 16, 2025 6:42 PM UTC
Despite the government shutdown the US Treasury has released budget data for September, the final month of the fiscal year. A monthly surplus of $197.95bn, up from $64.685bn in September 2024, has seen the fiscal year deficit at $1.775 trillion fall below the previous fiscal year’s $1.817 trillion
Preview: Due October 24 - U.S. October S&P PMIs - Stronger manufacturing, slower services
October 16, 2025 5:21 PM UTC
We expect October’s S and P PMIs to show manufacturing seeing renewed upside with a rise to 52.5 from 52.0 but services to see a continued move off its recent high, falling to 53.5 from 54.2.