News
Important Only
BoC expected to cut interest rate again amid weak growth and a soft labour market
The Bank of Canada (BoC) is widely expected to trim its benchmark interest rate by another quarter point on Wednesday, bringing it down to 2.25%. That would follow a similar move in September as the central bank continues its gradual easing cycle.
Fxstreet
Wed, Oct 29
USD/CSD: Will the Bank of Canada cut rates again? – Commerzbank
This afternoon, the Bank of Canada will begin this week's series of four G10 central bank meetings. Just under two weeks ago, the market began to anticipate another rate cut of 25 basis points, and is now consistently factoring this in with an estimated probability of around 80%.Fxstreet
Wed, Oct 29
China’s Foreign Ministry: Xi and Trump to discuss ties and issues of common concern
Chinese Foreign Ministry said during Wednesday’s European session that the meeting between leader Xi Jinping and United States (US) President Donald Trump on Thursday will inject new momentum into steady US-China relations.Fxstreet
Wed, Oct 29
UBS: no need for provision on Credit Suisse AT1 bonds
ZURICH, Oct 29 (Reuters) - UBS UBSG.S said on Wednesday it does not need to book a provision related to the 16.5 billion Swiss francs ($20.8 billion) in Credit Suisse AT1 bonds that were written off before the bank acquired its former rival in 2023.The bank made the statement after a court ruled ear...Reuters
Wed, Oct 29
UBS sees no need for provision on Credit Suisse AT1 case
ZURICH, Oct 29 (Reuters) - UBS UBSG.S said on Wednesday it does not see a need to book a provision in relation to the case of billions of dollars worth of Credit Suisse AT1 bonds that were written off before UBS acquired its stricken former rival in 2023.The bank made the statement after a court rul...Reuters
Wed, Oct 29
Global firms slash jobs amid weak sentiment, AI push
Amazon, Nestle, others to cut thousands of jobsConcerns about AI-driven automation targeting white-collar rolesEconomists warn of potential for accelerated layoffsBy Twesha Dikshit, Anuja Bharat Mistry and David Gaffen Oct 29 (Reuters) - Companies around the globe have ramped up job cuts, with bl...Reuters
Wed, Oct 29
Japanese government bonds hold steady as budget fears wane ahead of BOJ
By Rocky Swift TOKYO, Oct 29 (Reuters) - Japanese government bonds (JGBs) held steady on Wednesday as concerns of a blowout in the nation's finances waned and investors awaited the central bank's rate decision the following day.The benchmark 10-year JGB yield JP10YTN=JBTC rose 1 basis poi...Reuters
Wed, Oct 29
Goldman Sachs revises BoE call, forecasts rate trim in November
Oct 29 (Reuters) - Goldman Sachs said on Tuesday it now expects the Bank of England (BoE) to trim rates by 25 basis points in November, revising its September forecast of a pause through 2025 before easing begins in 2026, citing sticky inflation and a softening labour market.UK consumer inflation st...Reuters
Wed, Oct 29
