Group 1: Global Asset Prices - Global major stock markets experienced more declines than gains, with the S&P 500, Dow Jones, and Nasdaq indices falling by 1.6%, 1.2%, and 3% respectively[4] - WTI and Brent crude oil prices decreased by 1.9% and 2.5% respectively, while London gold price fell by 0.1%[4] - The 10-year U.S. Treasury yield remained stable compared to the previous week[4] Group 2: U.S. Economic Dynamics - The U.S. Supreme Court raised concerns about the legality of tariffs, which could lead to a potential return of $100 billion in tariff revenue if deemed unconstitutional[5] - The liquidity crisis in the U.S. intensified, with SOFR soaring to 4.22% at the end of October, indicating a significant tightening of financial conditions[5] - The ADP reported an increase of 42,000 jobs in October, suggesting initial stabilization in the labor market, despite ongoing layoffs in the tech sector[5] Group 3: Central Bank Policies - The Federal Reserve showed increasing division regarding interest rate cuts, with some officials advocating for a cautious approach due to missing inflation data[5] - The European Central Bank announced that the Bulgarian central bank governor will gain voting rights in the governing council starting January 1, 2026[5] Group 4: Other Economic Indicators - Eurozone retail sales fell by 0.1% in September, primarily due to weak demand for fuel and non-food items[5] - The Eurozone manufacturing PMI remained at 50%, indicating a slight stabilization in the sector, although new export orders and employment levels continued to decline[5]