Oil Prices Rise as Geopolitical Tensions and Supply Risks Intensify 
South Korea Posts Stronger-Than-Expected 1.3% Economic Growth in Q3 
Trump and Lula Discuss Trade, Sanctions, and Security in “Productive” Phone Call 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
Australia’s Economic Growth Slows in Q3 Despite Strong Investment Activity 
Gold Prices Steady as Markets Await Key U.S. Data and Expected Fed Rate Cut 
China’s Services Sector Posts Slowest Growth in Five Months as Demand Softens 
Trump Administration Plans Major Rollback of Biden-Era Fuel Economy Standards 
Asian Markets Stabilize as Wall Street Rebounds and Rate Concerns Ease 
U.S. May Withhold $30.4 Million From Minnesota Over Improper Commercial Driver Licenses 
U.S. Soybean Shipments to China Gain Momentum as Trade Tensions Ease 
IMF Deputy Dan Katz Visits China as Key Economic Review Nears 
Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets 
RBA Signals Possible Rate Implications as Inflation Proves More Persistent 
U.S. Stocks Slip as Investors Await Fed Rate Decision and Monitor Market Shifts 
BOJ Governor Ueda Highlights Uncertainty Over Future Interest Rate Hikes 
Nonfarm employment rose by 254,000 in September, exceeding the average expectation of 150,000. Revisions for employment growth in the prior two months added another 72,000. Over the latest three months, average payroll gains were 186,000, somewhat lower than the previous year's average of 203,000.
Private payrolls increased by 223,000, with the most significant increases in leisure and hospitality (+78,000), health care and social assistance (+71,700), construction (+25,000), and professional and business services (+17,000. Last month, government employment added 31,000 new jobs.
Positively, the hiring breadth increased to 57.6 in September, which is the highest number in the previous eight months.
The household survey showed a 430k increase in civilian employment, significantly surpassing the labor force's more moderate growth of 150k, resulting in a tenth of a percentage point decrease in the unemployment rate to 4.1%. For the third consecutive month, the labor force participation rate remained constant at 62.7%.
The average hourly earnings (AHE) showed a slight decline from August's upwardly revised estimate of 0.5% m/m, rising by 0.4% month over month (m/m).
