Asian Stocks Rally as Japan and South Korea Reach Record Highs on US-Iran Peace Deal 
Dollar Surges After Fed Holds Rates Steady, Signals Potential Tightening Ahead 
Gold Prices Rebound on U.S.-Iran Peace Deal Optimism Despite Fed Rate Hike Signals 
US Stock Futures Jump on Reports of Preliminary US-Iran Peace Deal Despite Fed’s Hawkish Outlook 
Canada Imposes 10% Tariff on Canned Vegetable Imports to Protect Domestic Industry 
Oil Prices Drop as U.S.-Iran Peace Deal Eases Supply Concerns 
Fed Chair Kevin Warsh Signals Policy Overhaul as Hawkish Rate Outlook Rattles Markets 
BOJ Signals More Rate Hikes as Inflation Risks Rise Amid Energy Price Pressures 
Asian Currencies Stabilize as Dollar Holds Near Two-Month High After Fed Hawkish Signal 
Trump Questions USMCA Renewal as Trade Talks Continue 
US Stock Futures Slip After Wall Street Rally Fueled by US-Iran Deal and Chipmaker Surge 
Japan Inflation Stays Below BOJ Target Despite Rate Hike and Rising Energy Cost Risks 
Trump Says No Hormuz Strait Tolls During 60-Day Iran Ceasefire 
Asian Currencies Steady as Dollar Holds Firm Ahead of Fed Decision and US-Iran Deal Details 
Russia Stocks End Flat as MOEX Index Hits New 52-Week Low; Gold Falls and Oil Mixed 
Europe EV Demand Surges as Fuel Prices Rise Amid Iran Conflict 
Canada, British Columbia Launch $5 Billion Infrastructure Partnership to Boost Housing, Transit, and Healthcare 
China’s economy expanded at a slower pace in the third quarter of 2025 despite stronger-than-expected GDP data, as weakening domestic demand and persistent disinflation continued to pressure overall momentum. Analysts from BofA Securities said resilient exports helped bolster growth between July and September, partly offsetting a “clear softening” in consumer activity and private investment since June. They added that recent economic readings reinforce their outlook that China will “muddle through” without urgent or aggressive policy stimulus from Beijing.
Official data showed China’s GDP grew 4.8% year-on-year in Q3, slightly above expectations of 4.7% but marking the slowest pace in a year. The figure was down from 5.2% in the previous quarter. On a quarterly basis, the economy expanded 1.1%, beating forecasts but still reflecting the impact of U.S.–China trade tensions, prolonged deflationary pressures, and a weakened property sector.
Exports and manufacturing remained China’s primary growth engines, even as consumer spending lost steam and private sector confidence dipped. While Beijing has rolled out several stimulus measures in recent quarters, the boost from these policies appears to be fading. Year-to-date GDP now stands at 5.2%, just above the country’s 5% growth target.
September data offered some silver linings, with industrial production and retail sales outperforming expectations. The unemployment rate also unexpectedly slipped to 5.2%. However, fixed asset investment recorded a 0.5% contraction — its first monthly decline since the early pandemic period in 2020 — signaling ongoing caution among businesses.
Despite lingering economic challenges, BofA analysts noted improved sentiment surrounding trade after last month’s agreement between U.S. President Donald Trump and President Xi Jinping. They said this shift could tilt risks “to the upside,” prompting the bank to revise its growth forecasts to 5% for 2025, 4.7% for 2026, and 4.5% for 2027 — upgrades from earlier estimates.
