Canada Stocks Steady as Markets Await Fed and BoC Decisions 
Global Markets Slide as Tech Stocks Sink, Yields Rise, and AI Concerns Deepen 
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Kazakhstan Central Bank Holds Interest Rate at 18% as Inflation Pressures Persist 
BOJ Expected to Deliver December Rate Hike as Economists See Borrowing Costs Rising Through 2025 
Indonesia Aims to Strengthen Rupiah as Central Bank Targets 16,400–16,500 Level 
Japan Business Sentiment Hits Four-Year High, Boosting Expectations of BOJ Rate Hike 
RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens 
RBA Signals Possible Rate Implications as Inflation Proves More Persistent 
Gold Prices Dip as Markets Absorb Dovish Fed Outlook; Silver Eases After Record High 
To the astonishment of most of the analysts, the European Central Bank (ECB) has ramped up its purchase of corporate bonds under its quantitative easing program. Since July, European Central Bank (ECB) has on an average purchased around €1.5 billion worth of corporate debt securities. But in the last two weeks, the ECB has purchased more than €5 billion worth of corporate debt. So far the ECB has purchased a little more than €25 billion worth of corporate debt. Last week, ECB bought, €2.657 billion, second highest since the purchases began in June.
While the purchases have been very successful in bringing down the cost of funding for the companies, the package (negative interest rates, purchase of government bonds, purchase of corporate bonds) has so far failed to trigger the inflation. While the average corporate yields have dropped to a record low of 0.57 percent this month, the bond market is pricing a decade-long deflationary environment.
