Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets 
Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike 
European Stocks Rise as Markets Await Key U.S. Inflation Data 
Oil Prices Rise as Ukraine Targets Russian Energy Infrastructure 
BOJ Governor Ueda Highlights Uncertainty Over Future Interest Rate Hikes 
Asian Currencies Steady as Markets Await Fed Rate Decision; Indian Rupee Hits New Record Low 
Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures 
European Oil & Gas Stocks Face 2026 With Cautious Outlook Amid Valuation Pressure 
Germany’s Economic Recovery Slows as Trade Tensions and Rising Costs Weigh on Growth 
Dollar Holds Steady as Markets Shift Focus to 2026 Rate Cut Expectations 
Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market 
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data 
Dollar Slides to Five-Week Low as Asian Stocks Struggle and Markets Bet on Fed Rate Cut 
China Urged to Prioritize Economy Over Territorial Ambitions, Says Taiwan’s President Lai 
Australia’s Economic Growth Slows in Q3 Despite Strong Investment Activity 
Japan’s Nikkei Drops as Markets Await Key U.S. Inflation Data 
Indonesia’s economy likely grew by a steady 5.00% in the third quarter of 2025, supported by strong household spending, investment, and a temporary boost in exports ahead of new U.S. tariffs, according to a Reuters poll. The survey of 22 economists conducted between October 27 and November 3 estimated GDP growth at 5.00% year-on-year, just below the 5.12% recorded in the previous quarter. On a quarterly basis, GDP growth likely slowed to 1.40% from 4.04% in Q2, with official figures set for release on Wednesday.
Economists noted that government-driven investment and consumer spending were key contributors. “Investment and consumption driven by policy support is really the name of the game in Q3,” said Adam Ahmad Samdin of Oxford Economics. Retail sales climbed 4.7% in July and 3.5% in August—well above the 1.0% average rise in Q2—fueled by a 24.44 trillion rupiah ($1.5 billion) fiscal stimulus introduced in June, which included cash handouts and transport subsidies.
However, larger consumer sectors such as automotive sales remained weak. Jeemin Bang from Moody’s Analytics suggested that Indonesia could benefit more if fiscal policies targeted structural issues like youth unemployment and sluggish real wage growth.
Exports also played a role in sustaining momentum. Companies accelerated shipments to the U.S. before a 19% tariff took effect on August 7, while imports dipped in July and August before rebounding in September. “Goods exports continued to benefit from front-loaded shipments, while import growth was modest,” noted Radhika Rao of DBS Bank.
Looking ahead, Indonesia’s economy is projected to grow 4.9% in 2025 and maintain around 5.0% in subsequent years. Still, risks persist as domestic demand softens and exports face challenges from China’s uneven recovery. Despite Bank Indonesia’s 150-basis-point rate cuts since September 2024—with another 50 basis points expected by March 2026—growth momentum remains cautious for Southeast Asia’s largest economy.
