Key Insights - The report highlights significant global events, including the U.S. government shutdown, which began on October 1 due to the Senate's rejection of a temporary funding bill, affecting approximately 750,000 federal employees [8] - Japan's ruling Liberal Democratic Party elected its first female president, who is likely to become Japan's first female prime minister, marking a historic political shift [8] - Geopolitical risks in the Middle East have decreased, with indications of a potential ceasefire between Israel and Hamas following U.S. diplomatic efforts [8] - Gold prices have reached a new high, surpassing $4,000 per ounce, as investors reassess their asset allocations amid the U.S. government shutdown, with China's central bank increasing its gold reserves for the 11th consecutive month [9] - The National Day and Mid-Autumn Festival holiday saw over 2.432 billion cross-regional trips in China, setting a record for the same period [9] Market Overview - Global markets experienced a bullish trend during the holiday period, with Hong Kong and overseas stock markets rising, particularly driven by Japan's political developments [10] - The bond market is expected to maintain a volatile trend, with potential easing of pressure post-quarter, although the current interest rate cut expectations remain weak [12] - The A-share market is anticipated to remain positive post-holiday, supported by high global risk appetite and favorable conditions in technology, materials, and renewable energy sectors [12] Focus Areas Post-Holiday - Attention will be on China's financial data for September, scheduled for release in the week of October 10 [13]

Core Viewpoint - The Bangko Sentral ng Pilipinas (BSP) indicates the need for a more accommodative monetary policy stance due to escalating geopolitical tensions and external policy uncertainties that pose potential risks to inflation [1] Group 1 - The BSP is monitoring inflation risks closely in light of geopolitical tensions [1] - External policy uncertainties are contributing to the need for a more flexible monetary approach [1]