Bloomberg Surveillance

The resurgence in oil and gas prices drove up UK businesses’ inflation expectations last month with firms planning to pass on costs to consumers as well as taking a hit to profit margins.

Traders reduced bets on Polish interest-rate increases after the government moved to quickly lower fuel prices, which jumped 36% in the year to September and boosted inflationary pressure.

Global food prices extended gains in September, reaching the highest since November 2022 as mounting geopolitical and weather disruptions roil the farm sector.

Japanese Prime Minister Sanae Takaichi said she was told during her talks with President Donald Trump in New York last month that US trade is suffering due to the weakness of the yen.

Governments around the world are running out of room to shield consumers from higher energy prices resulting from the Iran war and other crises, with fuel subsidies potentially costing more than $1 trillion this year, a United Nations study found.

Japan’s Economic Policy Minister Minoru Kiuchi declined to elaborate on remarks made by a government representative at the Bank of Japan’s latest policy meeting that appeared to urge caution over the pace of further interest rate hikes.

Indonesia’s new finance chief signaled he’ll stay in his lane and let the central bank and the Danantara sovereign wealth fund handle their own mandates, a bid to restore investor confidence in President Prabowo Subianto’s broad economic policy.

Bond traders are betting so heavily that more interest-rate hikes from the Federal Reserve are on the horizon that even the anticipated slowdown in job growth is unlikely to significantly alter the outlook.

Tokyo’s key inflation gauge rose sharply as the effects of some temporary government measures faded, backing the Bank of Japan’s stance on continuing to raise the benchmark rate after authorities accelerated the pace of policy normalization.

Federal Reserve Bank of Dallas President Lorie Logan said the central bank must continue raising interest rates to fully cool inflation and suggested that rising Treasury yields may also help slow the economy.

The new head of Bank Indonesia said the intensity of its rupiah defense remains unchanged even as it relies less on costly spot-market interventions and increasingly uses derivatives.

South Korea’s pace of inflation stayed firm in September, signaling persistent price pressures and supporting the case for the central bank to keep its tightening bias.

The International Monetary Fund approved a $139 million disbursement to El Salvador after granting a waiver for the government’s breach of a condition limiting further Bitcoin accumulation.

CFRA Equity Analyst Zachary Warring discusses Nike’s latest quarterly results and strategic shift. Speaking on "Bloomberg The Close," Warring says that despite maintaining a buy rating, he calls the quarter and full-year guidance disappointing, noting double-digit revenue declines and earnings per share below his expectations. (Source: Bloomberg)

The Bank of Canada’s second in command said the central bank is limited in what it can do to address home prices, arguing that the housing market should remain an input and not a target of interest rate decisions.

Two Federal Reserve officials, including Vice Chair Philip Jefferson, suggested policymakers should take more time before deciding whether additional interest-rate increases are needed to slow inflation.

Senegal’s bilateral creditors have agreed to establish an official creditor committee next week, clearing a key hurdle toward negotiations on restructuring the West African nation’s debt.

The economic impact of climate change is undeniable and must be factored into monetary policy, according to European Central Bank Governing Council member Olaf Sleijpen.

US manufacturing activity expanded at a slightly slower pace in September as factories balanced robust demand with resurgent costs and shipping delays.