Europe Confronts Rising Competitive Pressure as China Accelerates Export-Led Growth 
Gold Prices Steady as Markets Await Key U.S. Data and Expected Fed Rate Cut 
Asian Currencies Steady as Markets Await Fed Rate Decision; Indian Rupee Hits New Record Low 
European Stocks Rise as Markets Await Key U.S. Inflation Data 
RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens 
Australia’s Economic Growth Slows in Q3 Despite Strong Investment Activity 
Oil Prices Rise as Ukraine Targets Russian Energy Infrastructure 
Japan’s Nikkei Drops as Markets Await Key U.S. Inflation Data 
Dollar Slides to Five-Week Low as Asian Stocks Struggle and Markets Bet on Fed Rate Cut 
The U.S. Treasuries recovered during Tuesday’s afternoon session amid a muted trading day that witnessed data of little economic significance after returning from a long weekend ahead of the country’s retail sales for the month of September, scheduled to be released on October 16 by 12:30GMT.
Also, a host of FOMC members’, namely, George and Daly are scheduled to deliver their speeches today by 16:45GMT and 19:30GMT respectively.
The yield on the benchmark 10-year Treasury yield plunged 6-1/2 basis points to 1.687 percent, the super-long 30-year bond yield slumped 5 basis points to 2.164 percent and the yield on the short-term 2-year plummeted nearly 7 basis points to 1.547 percent by 12:20GMT.
In the US, the Empire manufacturing survey results for October represent the only economic data certain to be released on Tuesday although the federal government’s monthly budget statement for September might also be released, Daiwa Capital Markets reported.
FOMC members Bullard and Daly are speaking public on matters that could touch on Fed policy. Meanwhile, the NY Fed will start its T-bill purchases, at a monthly rate of $60 billion, under the new programme announced at the end of last week, the report added.
Meanwhile, the S&P 500 Futures slipped -0.24 percent to trade at 2,964.12 by 12:25GMT.
