Economy

US stock futures wavered around the flatline on Wednesday as investors digested the first busy day of the third-quarter earnings season and looked ahead to more corporate results this week.

While wage growth has eased since its 2022 peak, it remains higher than any point in the decade before the pandemic. However, despite this strength in labor data, business and consumer surveys have reflected weaker sentiment.

Brazil’s central bank chief Roberto Campos Neto on Monday highlighted a “huge” de-anchoring of inflation expectations in the country, adding that it is “very important” to bring inflation back to the 3% target, and policymakers are committed to doing so.

The European Central Bank is expected to make its first back-to-back rate cut in 13 years, and with markets pricing another cut in December, the tone and guidance in the press conference at 1245 GMT will be closely watched, even though some analysts do not always find President Christine Lagarde’s remarks helpful.

Namibia’s central bank cut its main interest rate for the second meeting in a row on Wednesday, saying inflation had fallen surprisingly quickly and that the economy needed more support.

Turkey’s economy will grow 3% this year and next, lower than the government’s recently updated forecasts, a Reuters poll of economists showed on Monday, pointing to a much deeper slowdown as authorities seek to douse rampant inflation.

Bank Indonesia (BI) will leave interest rates unchanged on Wednesday despite inflation falling to its lowest level since 2021, as receding expectations of aggressive U.S. Federal Reserve easing weaken the rupiah, a Reuters poll found.

Canada’s economy added a net 46,700 jobs in September, more than forecast, while the jobless rate unexpectedly decreased for the first time in 8 months to 6.5%, data showed on Friday.

China’s anti-dumping measures against brandies imported from the European Union are “legitimate trade remedy measures”, the commerce ministry said on Wednesday, a day after imposing the temporary curb.

 US stock futures edge lower following a Friday spike on Wall Street that was fueled by a strong jobs report. Markets are now gearing up for fresh inflation data which could provide more clarity on the path ahead for Federal Reserve interest rate policy in the coming months. Elsewhere, global miner Rio Tinto  confirms a takeover…