BOJ Faces Pressure for Clarity, but Neutral Rate Estimates Likely to Stay Vague 
Japan’s Nikkei Drops as Markets Await Key U.S. Inflation Data 
Oil Prices Rise as Ukraine Targets Russian Energy Infrastructure 
Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market 
Australia’s Economic Growth Slows in Q3 Despite Strong Investment Activity 
China Urged to Prioritize Economy Over Territorial Ambitions, Says Taiwan’s President Lai 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
Dollar Holds Steady as Markets Shift Focus to 2026 Rate Cut Expectations 
Asian Currencies Edge Higher as Markets Look to Fed Rate Cut; Rupee Steadies Near Record Lows 
Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures 
Germany’s Economic Recovery Slows as Trade Tensions and Rising Costs Weigh on Growth 
Citi Sets Bullish 2026 Target for STOXX 600 as Fiscal Support and Monetary Easing Boost Outlook 
Factory orders in Germany are likely to have increased in May after declining sharply in April. In a Societe Generale’s research report, factory orders are expected to have recovered by growing 1.2 percent month-on-month, following a two percent decline in April.
Since the beginning of 2016, domestic orders have been recovering at a stable pace and are expected to continue rebounding. Meanwhile, foreign orders are expected to have been volatile.
PMIs have hinted that orders might have recovered further in June that might permit an enhanced second quarter, better than expected earlier, according to Societe Generale.
However, with the uncertainty shock emerging from the Brexit vote, there is a risk of material weakness at the beginning of the third quarter. Domestic conditions are expected to compensate for weaker foreign demand, added Societe Generale.
