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United States
The Conference Board consumer confidence index softened. While the present situation gauge jumped, expectations deteriorated to a seven-month low.
Euro Area
German business sentiment strengthened. The improvement was led by a sharp rebound in forward-looking business expectations alongside higher current assessment marks, indicating broad-based resilience despite elevated energy costs and low river water levels.
Asia-Pacific
The Nomura-TWnow model is tracking Taiwan’s Q3 GDP growth at a robust 10.9% year over year
China
China’s AI-fueled IPO boom has lifted quarterly proceeds to a three-year high, but fading liquidity, steep post-debut losses, and signs of greater regulatory scrutiny threaten its sustainability.
Equities
The 45-day correlation between high-beta and low-volatility stocks hit the most negative level on record.
Rates
Citadel’s CTA simulation sees unusually stretched positioning in long-dated Treasuries that could amplify a rally through short covering.
Global Developments
Over 85% of the world’s economies we track are growing at above-potential rates.
