North America Set to Cut Rates as Rest of G-7 Looks On
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(Bloomberg) — Policymakers in Washington and Ottawa will take the spotlight in the coming week, with interest-rate cuts in those two capitals likely while the rest of the Group of Seven stays on hold.
Charting the Global Economy: Tame US CPI Supports More Fed Rate Cuts
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(Bloomberg) — A delayed snapshot of US inflation in September came in softer than expected, potentially offering a path for the Federal Reserve to cut interest rates beyond next week’s meeting.
Stocks Hit Highs as CPI Gives Fed All-Clear to Cut: Markets Wrap
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(Bloomberg) — Wall Street saw a relief rally as cooler-than-estimated inflation data reinforced trader conviction on Federal Reserve interest-rate cuts.
Swiss Franc’s Haven Run Seen Nearing SNB Intervention Threshold
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(Bloomberg) — After soaring as a global safe haven bet, the Swiss franc is wrapping up a volatile week against the euro with speculation the Swiss National Bank has intervened to curb the currency’s strength.
Ex-UBS Chairman Weber Warns AI Ushering In New Era of Inequality
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(Bloomberg) — Former UBS Group AG Chairman Axel Weber has warned the coming disruption from artificial intelligence could usher in the rise of a new global elite that profits disproportionately from the adoption of the cutting-edge technology while leaving the rest worse off.
Stocks Rise Before CPI as Spike in Oil Sinks Bonds: Markets Wrap
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(Bloomberg) — A rally in big tech drove stocks higher as trade tensions cooled ahead of a reading on consumer prices, with equity investors shrugging off concerns about any potential impacts of an oil spike on inflation. Bonds fell.
Shipping Firm Pulls Bond Sale After Investors Balk at Price
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(Bloomberg) — Europe’s primary debt market has logged its first canceled bond deal since the summer after investors pushed back on pricing.
Ex-Citi Banker Jailed Longest in Singapore Laundering Case
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(Bloomberg) — A former wealth banker at Citigroup Inc. got the longest sentence in Singapore’s biggest money laundering case for his role in aiding the movement of illicit funds and obstructing justice.
SNB’s First ‘Soft Policy’ Rate Summary Leaves Analysts Split
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(Bloomberg) — The Swiss National Bank’s first attempt to embrace more transparency over its policy decisions received a mixed welcome from observers seeking clues on possible interest-rate cuts and franc intervention.
SNB Reckoned Policy Settings Will Stoke Inflation in Due Course
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(Bloomberg) — Swiss National Bank officials decided against an interest-rate cut last month, assessing their monetary stance to be stimulative enough to stoke inflation in coming quarters.
Stocks Hit by Momentum Unwind as Tesla Falls Late: Markets Wrap
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(Bloomberg) — Volatility resurfaced on Wall Street in a session that saw stocks falling alongside gold and cryptocurrencies. News reports saying the Trump administration is weighing restrictions on software exports to China added to recent anxiety around trade.
S&P 500 Flashes Signs of Fatigue as Gold Tumbles: Markets Wrap
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(Bloomberg) — A rally that put stocks on the brink of all-time highs wavered as calls for a breather surfaced amid signs of buyer exhaustion. Gold and silver saw steep losses as the dollar rose.
Swiss Buyout Titans Make Progress in Bid to Prevent EU Deal
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(Bloomberg) — The founders of private equity firm Partners Group Holding AG have taken a step closer to making it harder for Switzerland to pass a new deal to reorganize relations with the European Union.
Swiss Watch Exports Slump in September on US Tariffs
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(Bloomberg) — Swiss watch exports fell in September, hurt by the Trump administration’s 39% tariff on imports from Switzerland to the US, the industry’s largest market.
Swiss Franc Nears Decade High on Tariff, Political Uncertainty
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(Bloomberg) — The Swiss franc is closing in on its highest levels in a decade against the euro, as haven demand ripples through global markets due to renewed tariff and political concerns.
Swiss Exports to US Rebounded in September, Defying 39% Tariff
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(Bloomberg) — Switzerland’s exports to the US rebounded in September, suggesting demand for its goods is so far withstanding the impact of President Donald Trump’s outsized tariffs.
S&P 500 Climbs 1% as Earnings Kick Into High Gear: Markets Wrap
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(Bloomberg) — Wall Street traders drove stocks higher amid solid signals from Corporate America and hopes that tensions between the world’s two largest economies are cooling. Bond yields edged lower.
Holcim Agrees to Buy Xella in $2.2 Billion Walls, Roofs Deal
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(Bloomberg) — Holcim Ltd. is set to acquire walling-systems firm Xella from private equity firm Lone Star Funds in a €1.85 billion ($2.2 billion) deal, extending the Swiss company’s bid to diversify beyond its core cement business.
Traders Hunt Clues On Strong Franc As SNB Opens Up on Rates
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(Bloomberg) — The Swiss National Bank is about to let investors judge if more transparency on monetary policy leaves them any the wiser.
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(Bloomberg) — China’s economy probably grew at the slowest in a year during the third quarter despite a boom in exports, in a disconnect the Communist Party may move to rectify at a key meeting in the coming week.
