Core Points - The ongoing government shutdown has delayed the release of key economic data, including the October jobs report, marking the longest shutdown in U.S. history [1][4] - The Bureau of Labor Statistics (BLS) has not resumed normal operations due to the shutdown, affecting the timely release of employment data [2][4] - Previous shutdowns have shown that delayed reports can be released shortly after the government reopens, but the October jobs report may not be available until early December if the shutdown continues [10][11] Economic Impact - The October employment report is the latest in a series of delayed economic reports, including the September jobs report and key GDP data from the Commerce Department [4][8] - Layoffs in October reached the highest level for the month in 22 years, attributed to cost-cutting measures and the impact of AI [5] - Goldman Sachs economists predict that if the government reopens in mid-November, the September jobs report could be released shortly after, but the October report would likely be delayed until early December [10][11]

Mexico’s annual inflation slowed in line with expectations in October, just a day after the central bank delivered an 11th straight interest rate cut https://t.co/em7EoqKHwl ...

Chile’s annual inflation unexpectedly slowed to the lowest level since April 2021 https://t.co/lugqoxprNd ...

(1) The fundamental issue is that 1950-1990 was not the normal way things are supposed to be, but actually an extraordinarily unusual period historically. That was peak Westernization and peak centralization:(2) As the center of mass of the world economy returns to Eurasia, where it was for thousands of years, the relative strength of the West has declined.(3) In isolation this wouldn't necessarily be bad, as a decline in relative terms could still of course be combined with an ascent in absolute terms. It' ...

Turkey’s central bank maintains its inflation target for next year in an ambitious move that signals it will keep interest rates high for longer https://t.co/NodewEGmND ...

Group 1 - Precious metals prices remained volatile, with COMEX gold futures down 0.20% at $3984.80 per ounce and COMEX silver futures down 0.37% at $47.85 per ounce [1] - The U.S. Department of the Interior's Geological Survey (USGS) released a new critical minerals list, marking the first inclusion of copper, silver, uranium, and potash since 2018 [1] - The U.S. Federal Reserve's direction for a potential rate cut in December remains unclear, with concerns over inflation overshadowing employment issues among committee members [1][2] Group 2 - The ongoing U.S. government shutdown is impacting the economy and job market, leading to mixed signals regarding the Federal Reserve's interest rate decisions [2] - The National Retail Federation (NRF) forecasts that U.S. retailers will hire between 265,000 to 365,000 seasonal workers this holiday season, marking the lowest level in at least 15 years [1] - The Bank of England maintained its interest rate at 4%, with expectations for a rate cut in December increasing [1][2]

In a normal world, we would get the October jobs report tomorrow. We would find out how many people were hired, laid off, and out of work. This is crucial information for the Federal Reserve as it weighs what to do with interest rates, but also for everyday Americans who are looking for work, for businesses who are trying to plan ahead.But with a government shutdown, we are flying blind without any official government hard data. and it has led us to rely on reports from private firms like Challenger. It est ...

Inflation Control - Kazakhstan's central bank aims to curb inflation, which is more than double the target [1] - The central bank is relying on record-high interest rates to control inflation [1] - Recent government measures are also expected to help rein in inflation [1]

Market Overview - Market sentiment has turned cautious following the announcement of 153,074 job cuts in October, the highest for that month since 2003, raising concerns about the labor market's strength [1][22] - The Nasdaq dropped 1.9%, the S&P 500 lost 1.1%, and the Dow Jones Industrial Average slipped 0.8%, indicating a pullback from tech-heavy positions amid concerns over AI valuations and weak job data [22] - Treasury yields softened, with the 10-year yield falling to 4.09% from 4.16%, and the US dollar index weakened by 0.5% to 99.69, reflecting fading confidence in the currency [1][11] Company Performance - Tesla (TSLA) stock fell 3.5% ahead of a crucial shareholder vote on CEO Elon Musk's pay package and governance proposals, with results expected soon [3][13] - Datadog (DDOG) shares surged 23% after reporting Q3 earnings per share of $0.55, exceeding analyst estimates, and a revenue increase of 28% year-over-year to $885.7 million, driven by AI-related customer growth [4][14][15] - Bumble (BMBL) shares plummeted 25% following a 16% decline in total paying users to 3.57 million and a 10% drop in revenue to $246.2 million, with management warning of weak Q4 projections [6][16][17] Earnings Season Insights - Companies missing earnings expectations have seen their stocks decline by an average of 5% around earnings days, nearly double the five-year average of 2.6% [7][23] - Firms that beat forecasts gained only 0.1%, significantly below historical norms, indicating investor fatigue after months of elevated valuations [7][18] Policy and Economic Developments - President Trump announced a plan for Medicare to cover GLP-1 weight-loss drugs for as little as $50 a month, impacting companies like Novo Nordisk (NVO) and Eli Lilly (LLY) [8][20][19] - Rising inflation continues to pressure household budgets, with 45% of US workers lacking emergency savings and 67% living paycheck to paycheck, up four percentage points from 2024 [10][21][22]

5 November 2025 | 12:06PM HKT Economics Research China: Unofficial services PMI edged down in October; October inflation and credit preview Bottom line: The headline RatingDog China Services PMI (formerly the Caixin services PMI) edged down to 52.6 in October from 52.9 in September, suggesting services sector activity continued to expand but at a slightly slower pace. Key numbers: S&P Global services PMI: 52.6 in October (Bloomberg consensus: 52.5), vs. 52.9 in September. Main points: 1. The RatingDog China ...