Capital.com Research Team

UK inflation jumps to 2.3% in October, surpassing the Bank of England's target and market expectations. Core CPI rises to 3.3% year-on-year, driven by higher energy costs and services sector pressures. Markets adjust rate cut odds as bond yields climb and GBP shows mixed performance.

After a heavy week in commodities prices seem to have stabilised on Monday with gold, silver and copper all attempting to bottom out and push higher after continued selloffs.

Nvidia is set to release its fiscal Q3 2025 results, with analysts anticipating strong growth in revenue and earnings, driven by demand for AI and data center products. Investors will focus on guidance for chip demand and insights into the company's next-generation Blackwell AI chip, which could significantly influence future growth.

UK growth slows in Q3, weighing on the pound as it attempts to recover some ground against the dollar

Australian labour market and wage data to reveal job growth resilience, shaping RBA rate cut expectations and impacting AUD amidst global economic shifts.

Gold selloff intensifies, causing November to start as the worst month of 2024.

The effects of Donald Trump’s election as the 47th President of the United States continue to show in markets.

The FOMC cut interest rates by 25 basis points at its November meeting, aligning with expectations. Wall Street hit record highs following the decision, with tech stocks leading the rally. Markets are pricing in a probable December cut amid resilient economic indicators.

Both the Federal Reserve and the Bank of England are expected to cut rates further when they meet later this week.

The Reserve Bank of Australia is expected to keep its cash rate on hold at 4.35% when it announces its policy decision at 2.30PM on the 5th of November, 2024. Despite ongoing evidence of soft demand, upside risks to inflation are likely to remain the central bank’s primary concern.