Asian Currencies Hold Firm as Dollar Rebounds on Fed Chair Nomination Hopes 
U.S. Government Faces Brief Shutdown as Congress Delays Funding Deal 
Bank of Canada Holds Interest Rate at 2.25% Amid Trade and Global Uncertainty 
Oil Prices Hit Four-Month High as Geopolitical Risks and Supply Disruptions Intensify 
Gold Prices Pull Back After Record Highs as January Rally Remains Strong 
Indonesia Stocks Face Fragile Sentiment After MSCI Warning and Market Rout 
Gold and Silver Prices Plunge as Trump Taps Kevin Warsh for Fed Chair 
Indonesian Stocks Plunge as MSCI Downgrade Risk Sparks Investor Exodus 
Trump Threatens 50% Tariff on Canadian Aircraft Amid Escalating U.S.-Canada Trade Dispute 
Philippine Economy Slows in Late 2025, Raising Expectations of Further Rate Cuts 
Asian Stocks Waver as Trump Signals Fed Pick, Shutdown Deal and Tech Earnings Stir Markets 
UK Vehicle Production Falls Sharply in 2025 Amid Cyberattack, Tariffs, and Industry Restructuring 
Asian Currencies Trade Flat as Dollar Retreats After Fed Decision 
U.S. Eases Venezuela Oil Sanctions to Boost American Investment After Maduro Ouster 
Trump to Announce New Federal Reserve Chair Pick as Powell Replacement Looms 
Wall Street Slides as Warsh Fed Nomination, Hot Inflation, and Precious Metals Rout Shake Markets 
South Korea Industry Minister Heads to Washington Amid U.S. Tariff Hike Concerns 
In October 2024, China's economy showed mixed results in two key areas: industrial production and retail sales.
Industrial Production:
Growth was at 5.3% compared to last year's, which was lower than the expected 5.5% and a slight drop from 5.4% in September.
The slower growth is mainly due to weak local demand and lower spending. Although some parts of manufacturing are doing okay, overall industrial activity is struggling because of international problems and low domestic consumer spending.
Retail Sales:
Retail sales, on the other hand, increased by 4.8% year-on-year, much higher than the predicted 3.8% and a rise from 3.2% in September.
This boost in retail is largely due to the Golden Week holiday, which encouraged more spending, as well as recent government efforts to stimulate consumer habits.
Summary:
The economic data shows that while retail sales are strong, industrial production is not meeting expectations. This mixed performance highlights the need for government policies to improve local demand and support the manufacturing sector amid ongoing difficulties.
