Bloomberg Surveillance

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.

A two-speed economy has emerged in Britain, where businesses are defying the gloom while consumers buckle under the strain of a deepening energy crisis.

The Bank of Japan may maintain a continued fast pace of rate hikes given current price trends and a view at the bank that the impact of increases on the economy so far has been limited, with December the next potential move, according to people familiar with the matter.

Inflation expectations among euro-area households increased slightly in September, supporting expectations that the European Central Bank will keep raising borrowing costs.

The euro area’s private sector slowed more than expected in October, weighed down by France as the region’s No.2 economy grapples with fiscal and political tensions.

China scaled back its fiscal austerity policies only slightly last month, before policymakers delivered a modest package of additional stimulus to ensure the economy hits Beijing’s annual growth target.

Germany’s private sector slowed more than anticipated as high inflation weighed on the services industry.

French business activity contracted as renewed concerns about the country’s finances prompted a rout in government bonds and the country was gripped by protests and riots.

Kazakhstan cut interest rates for a fourth consecutive meeting after inflation in Central Asia’s largest oil producer slowed to the lowest level since early 2025, but warned there’s little chance of a further reduction this year.

UK retail sales fell in September as shoppers bought less food and above-average temperatures hit demand for autumn clothing.

Vietnam is betting big on a $65 billion high-speed railway linking Hanoi and Ho Chi Minh City. Construction is set to start in late 2027 and take at least a decade to complete. The line could cut the roughly 35-hour journey to just six. (Source: Bloomberg)

India’s private-sector activity improved modestly in October, signaling the economy retained momentum even as growth remained below the pace seen earlier in the year, according to a flash survey by HSBC Holdings Plc on Friday.

Singapore’s core inflation rate unexpectedly slowed in September as the import-reliant economy largely withstood the resurgence of global oil prices, reinforcing the central bank’s decision last week to hold policy steady.

Britons looking for a flavor of the upcoming first budget of Andy Burnham’s UK government need look no further than the descriptors emanating from Chancellor of the Exchequer John Healey and his officials at the Treasury: Do no harm. Steady as she goes. Focused.