New Overnight Developments Abroad - Daily Update

More Reason for Inflationary Concern and a Distress Flare from Indonesia

October 16, 2026

Like the  consumer and producer price reports on Wednesday and Thursday, U.S. import and export prices just released surpassed market expectations. Overall import prices jumped 1.1% in September, raising their 12-month increase to a 50-month high of 8.1%. Import price inflation had been at 7.0% in August, zero percent last December and as low as […] Read Article

Foreign Exchange Insights and Next Week

Next Week’s Menu: October 17-23, 2026

October 16, 2026

Central Banks: Interest rate reviews in Indonesia, Hungary, South Korea, China, Turkey, Russia and the Philippines. A number of officials from the European Central Bank, Bank of England and Reserve Bank of Australia have public speaking engagements. U.S. Economic Data Releases: Preliminary October purchasing manager survey findings, housing starts, building permits, pending home sales, National […] Read Article

Central Bank Watch

India’s First Central Bank Interest Rate Hike Since February 2023 Decided Unanimously

October 7, 2026

A 25-basis point Indian repo rate hike to 5.50% had been expected and reverses a similarly-sized cut last December. This move and a concurrent change in the RBI’s monetary stance from “neutral” to “calibrated tightening” had the support of all six Board members. At 5.5%, the Reserve Bank of India’s new repo rate level is […] Read Article

Deeper Analysis

U.S. Getting A Failing Grade on Inflation, but Who Is to Blame?

October 15, 2026

The Federal Reserve did a pretty good job promoting price stability over the first two decades of this century. Between January 2001 and January 2021 coinciding with the eight-year presidential terms of Republican George W. Bush and Democrat Barack Obama and the first four-year term of Republican Donald Trump, U.S. consumer prices rose 2.0% per […] Read Article

New Overnight Developments Abroad - Daily Update

Second Thoughts in the Marketplace

October 15, 2026

Ahead of the second of three U.S. price data events (CPI on Wednesday, PPI today and import prices tomorrow), investors are wondering if yesterday’s bond-market debacle was an over-reaction. Ten-year sovereign debt yields shortly before the PPI release were down from Wednesday closing levels by twelve basis points in France, eleven basis points in Italy, […] More

New Overnight Developments Abroad - Daily Update

U.S. CPI One of Many Price Data Releases Today

October 14, 2026

The dollar and ten-year sovereign debt yields prior to the U.S. CPI data announcement were generally steady today with just a couple of exceptions such a a 0.4% decline of the the U.S. currency against the South Korean won, a 4-basis point drop in the 10-year British gilt yield and a 3-bp rise in its […] More

New Overnight Developments Abroad - Daily Update

Softer Oil Price Leads Dollar and Sovereign Debt Yields Lower But External Uncertainties Haven’t Gone Away

October 13, 2026

The WTI and Brent oil prices are 1.5% and 1.7% softer than yesterday but still highly elevated. President Trump sprung a pre-midterm surprise, striking a deal with Russian President Putin that suddenly eases sanctions against Russian diesel exports. Trump’s intent is to reduce energy prices for U.S. consumers and businesses, but the size of the […] More

New Overnight Developments Abroad - Daily Update

Second Full Week of October Opens with Several Key Countries Observing Holidays

October 12, 2026

(118) Financial market activity this Monday will be blunted by several holiday observances and a dearth of released economic data. A dual holiday in the United States (Indigenous People’s Day and Columbus Day) is a federal holiday with banks closed but the stock exchange open. In Japan, Spain and Canada, citizens are celebrating Health Sports […] More

Foreign Exchange Insights and Next Week

Next Week’s Menu: October 10 – 16, 2026

October 9, 2026

Central Banks: The Federal Reserve Beige Book of regional economic conditions gets published on Wednesday. A meeting of Group of Twenty central bank chiefs is planned in Bangkok, Thailand. Breeden, Pill, Mann and Bailey of the Bank of England, Koeda of the Bank of Japan, and Hammack of the Federal Reserve are some of the […] More

New Overnight Developments Abroad - Daily Update

A Trump Promise, Restored Confidence in AI, and Some Worrisome September Price Data

October 9, 2026

The Trump torrent of attention-getting comments has left a lot of disinformation in its wake particularly regarding the war in Iran. Nevertheless, his promise the other day not to attack Iran again before the U.S. midterm elections is carrying a lot a reassuring weight with investors, who also for the time being are disregarding recent […] More

New Overnight Developments Abroad - Daily Update

Another Upsurge in Long-Term Interest Rates Around the World

October 8, 2026

The two-, ten-, and 30-year U.S. Treasury yields rose overnight by 5, 3, and 2 basis points to 4.81%, 5.33% and 5.70%. Ten-year sovereign debt yields elsewhere have climbed four basis points in Germany, the U.K., and Canada, three bps in Switzerland and France, and two basis points in Spain. Oil price news today has […] More

New Overnight Developments Abroad - Daily Update

Fresh Iranian Attacks on Shipping Setting Wednesday’s Financial Market Tone

October 7, 2026

The Brent price of oil is back above $100 per barrel and 1.1% above yesterday’s close, while West Texas Intermediate has been lifted back to the $90 threshold. Long-term interest rates in turn have taken their cue from renewed attacks on ships trying to traverse the Strait of Hormuz. Ten-year sovereign debt yields have leaped […] More

New Overnight Developments Abroad - Daily Update

Decline of Oil Price Extended in Spite of Iranian Attacks on Tankers

October 6, 2026

Oil price movements continue to dominate other financial markets. Despite stepped-up attacks by Iran on ships in the Strait of Hormuz, a downtrend has continued in the cost of oil that followed the G7 agreement to release some emergency stockpiled diesel and resumed oil flowing through the Saudi East-West pipeline. The prices of both West […] More

New Overnight Developments Abroad - Daily Update

More Purchasing Manager Surveys and a Slightly Better Balance in the Global Oil Market

October 5, 2026

(119) The Group of Seven consisting of Germany, France, Japan, Canada, Britain, Italy and the United States agreed to release 100 million barrels of oil.  Oil movements through the Strait of Hormuz are significantly above the minuscule pace earlier this year, and oil flows Saudi Arabia’s damaged East-West pipeline are largely restored. All that being […] More

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