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Monday, 2 November 2026

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Barclays’ Cau says the best of the AI trade may be over

Another selloff in AI names broadened to encompass most of Tech, sending the Nasdaq-100 to its worst week since April 2025. Five sectors though would finish the week up 2% or more, as 30-year Treasury yields fell the mo…

CPI Hotter Than Expected: Is a Hike Back on the Table?

As we noted in prior commentaries, last month’s softer-than-expected CPI and PCE reports, along with weak labor data, gave the Fed room to wait on further rate hikes. Yesterday’s CPI data takes some of it back.

U.S. producer prices rise by 1.3% month-on-month in September

The producer price index (PPI), the government’s gauge of the prices US producers receive for what they sell and the usual measure of wholesale inflation, rose 1.3% in September 2026, the largest monthly rise since Marc…

Japan, U.S. reach first chip deal under $550 bln investment plan

A significant component of the United States–Japan trade deal announced in July 2025 is a $550 billion loan fund, which could be an important basis for the two countries’ future economic security, industrial revitalizat…

Hotter US Inflation Leaves the Market Gunning for Rate Hikes

September core inflation was hotter than expected and this has reinforced the view that the Federal Reserve has more work to do to contain price pressures. The risks are skewed towards further policy tightening than we …