US Dollar Falls as Weak July Jobs Report Dents Fed Rate Hike Bets 
Asian Stocks Slide as Semiconductor Selloff Weighs on South Korea and Japan 
Oil Prices Set for Steep Weekly Losses as Hormuz Deal Stalls 
Australia Trade Surplus Returns in June as Iron Ore, Coal and LNG Exports Surge 
Oil Prices Slip as Hormuz Shipping Progress and Rising U.S. Crude Stocks Weigh on Market 
China Trade Surplus Beats Forecasts in July as Exports Stay Strong 
US Dollar Gains as Iran Tensions, Fed Rate Hike Bets Rise 
Philippine GDP Growth Slows to 2.3% in Q2 
US Stock Futures Rise as Markets Await July Payrolls Data 
Trump Unveils $3 Billion U.S. Critical Minerals Push 
Wall Street Ends Mixed as Dow Hits Record Despite Tech Weakness 
China Exports Beat July Forecasts as AI Demand Fuels High-Tech Trade 
Iran-Oman Near Strait of Hormuz Deal as Shipping Tensions Persist 
Brazil Cuts Selic Rate to 14% as Inflation Eases but Risks Persist 
US Stock Futures Hold Steady as Iran Hormuz Deal and Earnings Shape Market Sentiment 
Asian Currencies Steady as Markets Await U.S. Jobs Data 
The UK. Consumer Price Index (CPI) data is set to be released today, and it’s an important indicator for understanding inflation trends and potential changes in the BOE monetary policy.
- Headline CPI: Expected to rise to 2.3% YoY, up from 1.7% in September. This increase would bring inflation back above the Bank of England's (BoE) target of 2.0%.
- Core CPI: Forecasted to ease slightly to 3.1% YoY, compared to 3.2% reported in September.
- Monthly Change: A monthly increase of 0.5% is anticipated, reflecting ongoing inflationary pressures.
The increase in headline inflation is mainly due to base effects and higher utility prices. This could mean that the Bank of England might pause its plans to cut interest rates in December. As a result, we might see more ups and downs in the value of the Pound Sterling as traders respond to this information.
