Energy subsidy changes have eased economic risks in Egypt, IMF finds
The IMF's regional outlook says Egypt, Bahrain and the UAE cut vulnerabilities by reforming energy subsidies, and urges wider pricing reform across the region.
1 source · Reuters
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The IMF's regional outlook says Egypt, Bahrain and the UAE cut vulnerabilities by reforming energy subsidies, and urges wider pricing reform across the region.
1 source · Reuters
The Nikkei 225 fell 1.53% on weakness in tech and bank shares, while Japan's September inflation rose to 2.1% year on year.
1 source · TradingView
Tokyo is weighing a gradual reduction of gasoline subsidies, with pump prices possibly rising toward 180 yen a litre, Reuters reported citing ruling party officials.
1 source · Reuters
GfK's consumer confidence index fell 11 points to minus 24 in October, well below the minus 14 economists had expected in a WSJ poll.
1 source · Dow Jones Newswires
Reuters reports emerging market stocks fell 2.3% Thursday as tech shares slid and oil jumped, ahead of Turkey's central bank rate decision.
1 source · Reuters
The Nikkei rose 0.3% on overnight US gains, but fears of renewed Middle East escalation and reports of possible strikes on Iran are holding markets back.
1 source · Market Talk
The dollar rebounded after weak US housing data as Treasury yields and oil prices rose on Middle East supply concerns, according to Market Talk.
2 sources · Market Talk
Asian equities advanced after Wall Street gained on upbeat earnings, while oil hovered near a five-month peak and traders weighed Fed and BoJ moves.
2 sources · Reuters
Finance Minister Satsuki Katayama said Japan is on the cusp of sustained inflation driven by rising wages, and that the government sees no gap with the BOJ.
1 source · Reuters
Bank of England policymaker Megan Greene sees bigger inflation risks from the Iran war energy shock and still favours higher rates, Reuters reports.
1 source · Reuters
US pending home sales fell 7.3% in September to 66.0, the lowest since the index began in 2001, the NAR said, according to Reuters and Update.
3 sources · Reuters, Update, WSJ
Rubio says the US president may need up to 60 days to assess Russia sanctions and tariffs he paused, as the Iran war strains energy supplies and fuel prices.
2 sources · Reuters, Stocktwits
A WSJ analysis via TradingView: food, gasoline, mortgage and car-loan costs are up for US households, while the S&P 500 has gained 30% since Trump took office.
1 source · Dow Jones Newswires
A US waiver suspends 100% tariffs on top buyers of Russian crude, easing pressure on India, though analysts warn the relief is temporary and reversible.
1 source · Moody's
Trump's executive order suspends part of the Russia-related penalties, curbs and levies in the 2026 Graham Act, according to a TradingView report.
1 source · Reuters
US import prices climbed 1.1% in September, and the 12-month rate hit 8.1%, the highest since July 2022, according to the Labor Department data.
2 sources · Reuters, Seeking Alpha
Global inflation worries from the Iran war and AI-driven demand are pushing the Bank of Japan toward faster rate increases ahead of its October review.
1 source
According to the Guardian, UK finance minister John Healey plans to tax banks in his budget to offset higher government borrowing costs and keep deficit plans on track.
1 source