Bloomberg Surveillance

US wholesale inflation climbed in October from a year earlier at the fastest pace since 2022, adding to evidence of persistent price pressures throughout the economy.

Germany will make a suggestion in the coming days for a package to fill three top European Central Bank positions, including that of President Christine Lagarde.

Labor hasn’t been a source of price pressure for years, but that could change.

Private credit and stablecoins could become systemic risks before they achieve systemic size, Bank of England governor Andrew Bailey warned on Friday, signaling that global policymakers should continue to be vigilant on those corners of global finance.

German lawmakers signed off on a spending plan for 2027 that entails borrowing and spending that exceed initial estimates as the country ratchets up investment into infrastructure and an expanding military.

The euro-area economy confirmed its resilience to headwinds like the Iran war, giving the European Central Bank leeway to raise interest rates further to stem inflation.

China’s credit expansion fell short of expectations in October with loans contracting for the third time this year, as greater policy support struggled to offset persistently weak borrowing demand.

India’s trade deficit widened to a one-year high in October as festive-season demand and higher oil prices pushed up imports, adding to challenges for the rupee after a year of sharp losses.

Southeast Asia risks facing tighter US regulations on the export and use of high-powered chips, threatening to stall the region’s AI-fueled economic boom.

Nigeria’s ambition to return to investment grade within the next three years may be overly optimistic, given how long similarly assessed sovereigns have historically taken to reach that level, according to S&P Global Ratings.

Russia’s economy is losing steam as Ukrainian attacks knock out industrial facilities, disrupt logistics and add to inflationary pressures.

China’s economy is entering the crucial final stretch before policymakers meet next month, with its momentum again at risk of fading.

A Federal Reserve Bank of New York report confirmed previous indications that the US Treasury used roughly $500 million worth of euros from its holdings in the July 31 intervention to prop up the yen that was coordinated with Japan.

Japanese Finance Minister Satsuki Katayama said ministry officials will continue to work closely with their counterparts in Washington to take appropriate action as needed in response to one-sided, rapid moves in the currency market, after the yen briefly fell below a key threshold.

A doubling of the Chinese currency’s share of global payments from the current 6%-7% is not impossible, according to the head of yuan internationalization at HSBC Holdings Plc.

Federal Reserve Bank of New York President John Williams said that US inflation remains high and that policymakers have to take further action to contain price pressures.

Treasury Secretary Scott Bessent says he is waiting to see if Democrats are “serious” in working to lower US debt levels, indicating that the Trump administration is willing to address “tax gimmicks” as part of a solution to reduce the nation’s deficits.

Peru raised interest rates for the first time in nearly four years to curb an inflation spike fueled by rising food and energy prices.

President Luiz Inácio Lula da Silva’s government is preparing additional budget measures to improve fiscal results next year, stepping up efforts to shore up public finances amid investor concerns about rising public debt, according to a person familiar with the discussions.

Ghana’s Finance Minister Cassiel Ato Forson outlined plans to spend $10 billion over the next four years to lift economic growth to 8%, and repay some debt due next year ahead of schedule.