Financial Market Newsletter

The U.S Producer Price Index (PPI) rose by 1,3% in September, compared with a 0,4% increase in August.

According to the U.S Department of Labor, consumer prices rose by 3,7% in September from a year earlier, accelerating from 3,4% in August.

According to New York Federal Reserve President John Williams, one more FED rate hike this year may be appropriate, although he left open the possibility of further increases in 2027.

According to Goldman Sachs, the CNY is undervalued by around 20% - 25% in the global foreign exchange market, which records daily trading volume of approximately 9,5 trillion USD.

Higher gasoline prices could push headline inflation in the U.S higher in September even as underlying price pressures have eased.

The Minutes of the FED meeting signaled that another rate hike could come later this year. Following the September increase, several FED officials indicated that further tightening could wait until December.

The U.S trade deficit widened in August to its highest level in more than a year as the country increased purchases of foreign goods, including crude oil, gold, and semiconductors.

The EUR fell to a 17-month low against the USD on Monday as concerns over rising political uncertainty ahead of France’s 2027 election and the financial stability of the euro area’s second-largest economy intensified.

U.S september employment data released by the Department of Labor on Friday came in well below market expectations, with payrolls increasing by only 29.000 compared with the forecast of 84.000.