Bloomberg Surveillance

The European Central Bank’s presidency race looks increasingly likely to hinge on which candidate can best take on the bond vigilantes.

Israel’s election campaign has been consumed by Iran, national security and the impact of three years of war, with Israeli Prime Minister Benjamin Netanyahu and his main challenger, Gadi Eisenkot, rarely straying from the theme.

The Federal Reserve and its peers in the euro zone and Japan will probably keep interest rates steady in the coming week, opting to bide their time before potential further hikes.

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Business activity in the euro area expanded at a slower pace this month, restrained by a contraction in France, where protests have devolved into rioting and looting.

France dodged a downgrade at Moody’s Ratings, respite for a country beset by surging bond yields, political gridlock and street protests.

The White House is exempting some Canadian products from tariffs and adding duties to others, an effort to boost Susan Collins’ campaign to keep her US Senate seat.

How Italy sticks with fiscal discipline as an election approaches is a key test for Scope Ratings, which kept its positive outlook on the country.

US consumer sentiment edged down to a five-month low in October as high prices and rising interest rates depressed morale.

US business activity grew at a slightly slower pace in October but remained close to a multi-year high as robust demand pushed new orders, employment and prices higher.

Kalshi Inc. is opening up a new frontier in its rivalry with traditional financial exchanges by pitching the world’s largest banks and hedge funds on a futures market tied to US inflation.

Canadian retail spending is on track to continue growing in September, although at a slower pace than in August.

Brazil’s annual inflation rate shot through the target ceiling in early October, adding to voters’ frustrations as they prepare to pick their next president on Sunday.

Exports of low-value packages are on the decline in multiple markets as importing countries push back.

Russia’s central bank sees a longer than expected period of moderately tight monetary policy as it grapples with the impact on inflation of Ukrainian drone attacks on industry.

The deadline for applications to replace European Central Bank Executive Board member Isabel Schnabel was extended by a month to allow countries more time to propose candidates.

Bank of Canada Governor Tiff Macklem may have boxed himself into an interest-rate hike next week after his hawkish commentary convinced traders a hike is all but certain.

Pablo Hernandez de Cos is most likely to succeed Christine Lagarde at the helm of the European Central Bank, though his main contender is isn’t far behind, according to a survey of economists.

UK government bonds are heading into next week’s budget on a firmer footing and Royal London Asset Management Ltd. sees an opportunity to buy longer-dated gilts.