Chinese Robotaxi Stocks Rally as Tesla Boosts Autonomous Driving Optimism 
U.S. Dollar Slips Near Two-Month Low as Markets Await Key Jobs Data and Central Bank Decisions 
Asian Fund Managers Turn More Optimistic on Growth but Curb Equity Return Expectations: BofA Survey 
Asian Stocks Edge Higher as Tech Recovers, U.S. Economic Uncertainty Caps Gains 
Asian Stocks Slide as AI Valuation Fears and BOJ Uncertainty Weigh on Markets 
Asian Currencies Trade Sideways as Dollar Weakens Ahead of Key U.S. Data 
Bank of Japan Poised for Historic Rate Hike as Inflation Pressures Persist 
Robinhood Expands Sports Event Contracts With Player Performance Wagers 
Fed Near Neutral Signals Caution Ahead, Shifting Focus to Fixed Income in 2026 
Japan PMI Data Signals Manufacturing Stabilization as Services Continue to Drive Growth 
The Canadian dollar weakened significantly after weaker-than-expected inflation data, with a notable drop in headline CPI to 1.6% influenced by falling gasoline prices. The inflation below the BOC target of 2% increased the chance of a 50 bpbs rate cut by the Bank of Canada at its October 23 meeting.
In contrast, the British pound found support from mixed labor market data, with the unemployment rate falling to 4%, while wage growth slowed. This situation presents a balanced outlook regarding a potential rate cut from the Bank of England (BoE) in November, with market attention now turning to the forthcoming UK CPI data.
Germany's ZEW Economic Sentiment index rose from 3.6 to 13.1 in October, exceeding expectations. Despite a drop in the Current Situation Index, optimism is driven by stable inflation, anticipated ECB rate cuts, and positive signals from key export markets, including China's economic stimulus measures.
Yesterday, the Canadian dollar was the weak performer followed by the Australian and New Zealand dollar. The uncertainty over Chinese policy and fresh stimulus package weighing on AUD and NZD.
