A weaker dollar historically eases debt servicing for dollarβborrowers in emerging markets and can spur lending to those economies. However, the positive effect is uneven across countries and depends on their external positions. #EM #USD #FiatNews
US inflation in September came in just below market expectations at about 3.0%, reinforcing market bets that the Fed will cut rates. That outlook is weighing on the dollar, which is seen as likely to come under renewed pressure. #USD #inflation #Fed #FiatNews
US President Donald Trump raised Canadaβs existing tariffs by an additional ten percentage points, prompting condemnation from Canadian unions and trade groups. Canadian prime minister Mark Carney did not comment directly; at the ASEAN summit he stressed the importance of reliable partners. Daniel Tischer of the Ontario Chamber of Commerce called the new tariffs a harsh measure that will ultimately harm people in the US. #Canada #tariffs #US #FiatNews
Tech and speculative stocks led the pullback. Tesla, Netflix and Texas Instruments were among the biggest decliners after disappointing outlooks; Tesla also issued a recall of thousands of vehicles for a defect that can cause sudden loss of power. #TSLA #NFLX #TXN #FiatNews
U.S. Treasury Secretary Scott Bessent signalled the U.S. may extend a pause on tariffs on Chinese goods beyond three months if China abandons planned export controls on rare earths. G7 ministers are considering a coordinated response to deter Beijing from restricting rare earth exports. #China #G7 #FiatNews
UBS said the bull market remains intact, pointing to steady corporate earnings growth combined with expected monetary easing as the supporting factors. The firmβs view suggests these dynamics could sustain equity-market resilience amid near-term volatility. #UBS #FiatNews
Shares of Broadcom closed about 10% higher after OpenAI agreed a multiβyear partnership to buy Broadcom chips and networking equipment. The deal forms part of OpenAIβs plan to expand AI infrastructure; OpenAI will design hardware and jointly develop it with Broadcom, according to a joint statement. #Broadcom #OpenAI #FiatNews
Chinese stocks closed notably higher after Alibaba announced plans to increase investment in artificial intelligence, a move that helped lift sentiment across the region. Alibaba shares rose to multiβyear highs following the announcement, supporting gains in Asian tech. #Alibaba #FiatNews
Germanyβs Ifo business climate index unexpectedly fell in September, mirroring yesterdayβs weaker manufacturing PMI. Analysts say the surprise softening reflects sentiment among smaller firms but is not seen as likely to trigger major market moves in the immediate term. #Ifo #PMI #FiatNews
European markets open slightly softer after Wall Street losses: DAX, FTSE100 and CAC40 are down roughly 0.2% while the AEX posts small gains. The move is described as modest and not dramatic, with most European bourses trading mixed in the morning session. #DAX #FTSE #CAC40 #FiatNews
