-
RBA Deputy Governor Andrew Hauser said the inflation outlook is worse than previously forecast, with underlying inflation likely to come in higher than expected. Capacity constraints also appear to be exerting stronger pressure than anticipated, keeping the possibility of a fifth rate hike in November on the table. Goldman Sachs has revised its forecast and now expects a 25 bp rate hike to 4.85% on November 3.
-
Hauser placed particular emphasis on Q3 trimmed mean inflation, which he believes could exceed the RBA's forecasts. The September CPI data, scheduled for release on October 28, will therefore be a crucial reading ahead of the November policy decision.
-
BOJ Deputy Governor Himino warned that delaying policy adjustments for too long could allow inflation risks to materialize. Underlying inflation is already close to the 2% target, while financial conditions remain accommodative. Markets assign a low probability to an October rate hike but are pricing in around a 75% chance of another increase in December.
-
Finance Minister Katayama said Japan is approaching a sustainable inflation cycle driven by wage growth rather than solely by higher import costs.
-
Japanese exports rose 16.7% YoY in September, marking the 13th consecutive month of growth. Semiconductor- and AI-related demand remains the main driver, while exports to the U.S. increased by 22.9%. The trade deficit narrowed, although part of the improvement reflected delayed oil imports and could reverse in October.
-
U.S. pending home sales fell 7.3% in September, compared with expectations for a 0.5% decline, pushing the index to a record low. Housing starts also disappointed, although building permits came in above expectations. Elevated borrowing costs are clearly weighing on one of the economy's most interest-rate-sensitive sectors.
-
The Dow Jones gained around 1% by the end of the U.S. session, while the Russell 2000 rose nearly 1.8%. The Nasdaq remained close to flat. Declining long-term bond yields supported smaller companies. The rotation suggests that investors remain willing to take on risk but are becoming increasingly selective within the equity market.
-
Citadel founder Ken Griffin said AI is "almost certainly" in a bubble, while acknowledging that the technology is transformative.
-
According to reports, Nvidia is considering investing hundreds of millions of dollars in Australian AI cloud provider Firmus after the company abandoned its planned IPO.
-
SpaceX reported quarterly revenue of approximately $14.6 billion, with its AI segment accounting for more than half of the total. Elon Musk said AI computing capacity remains extremely constrained and suggested that even older Nvidia chips are being rented out at exceptionally high prices.
Economic calendar: EIA oil report and US treasury auction in focus 🔎
Macro Calendar - UK Labor Market, ZEW Sentiment, and Wall Street Giants' Reports
Daily Summary: Nasdaq and AI Stocks Rebound Ahead of Big Tech Earnings 🚀
Chart of the Day: What’s next for tech stocks after the deepest sell-off since April 2025? (19.10.2026)
The content of this report has been created by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, (KRS number 0000217580) and supervised by Polish Supervision Authority ( No. DDM-M-4021-57-1/2005). This material is a marketing communication within the meaning of Art. 24 (3) of Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Directive 2002/92/EC and Directive 2011/61/EU (MiFID II). Marketing communication is not an investment recommendation or information recommending or suggesting an investment strategy within the meaning of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC and Commission Delegated Regulation (EU) 2016/958 of 9 March 2016 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the technical arrangements for objective presentation of investment recommendations or other information recommending or suggesting an investment strategy and for disclosure of particular interests or indications of conflicts of interest or any other advice, including in the area of investment advisory, within the meaning of the Trading in Financial Instruments Act of 29 July 2005 (i.e. Journal of Laws 2019, item 875, as amended). The marketing communication is prepared with the highest diligence, objectivity, presents the facts known to the author on the date of preparation and is devoid of any evaluation elements. The marketing communication is prepared without considering the client’s needs, his individual financial situation and does not present any investment strategy in any way. The marketing communication does not constitute an offer of sale, offering, subscription, invitation to purchase, advertisement or promotion of any financial instruments. XTB S.A. is not liable for any client’s actions or omissions, in particular for the acquisition or disposal of financial instruments, undertaken on the basis of the information contained in this marketing communication. In the event that the marketing communication contains any information about any results regarding the financial instruments indicated therein, these do not constitute any guarantee or forecast regarding the future results.