Analysts at Royal Bank of Canada and TD Securities diverge on whether the Bank of Canada will raise its overnight rate from 2.25% at its October 28 decision, with TD expecting further tightening by early 2026.
S&P Global's flash services gauge dipped to 57.9 in October from 59.8, narrowly below the 58.0 estimate, while the manufacturing reading topped expectations at 56.0.
Canadian retail sales rose 1.2% to $74.6 billion in August, with volumes also up 1.2%, lifting the Canadian dollar and pushing USD/CAD under the 1.4000 level.
A tanker carrying about 300,000 barrels of Russian diesel left Primorsk for New York, where it is due on November 7, as US diesel prices climbed to $6.3172 a gallon, up from $6.3090 a day earlier.
Goldman Sachs estimates that monetary authorities worldwide added 79 tonnes of gold in August, nearly five times their typical monthly pace, with China responsible for about 25 tonnes of that amount.
The Dow Jones Industrial Average shed 747.49 points (1.41%) to close at 52,332.44, as renewed unease over AI spending and news of a potential SpaceX wireless venture pressured technology and telecom shares.
Infosys posted a 6% year-on-year rise in net profit to Rs 7,823 crore for the September quarter, but narrowed its full-year revenue growth forecast to 1-2% in constant currency, down from 1.5-3%, citing weaker demand.
French 10-year government bond yields broke above 5% on Thursday, their highest in 24 years, with the gap over German Bunds widening to nearly 180 basis points as fiscal strain and political deadlock rattled investors.
India's benchmark 2036 government bond yield rose to 7.4740% on Friday, marking a tenth straight weekly increase and the steepest run-up since 1998 as oil prices and a hawkish central bank weigh on bond prices.
Italy's Eni reported a 125% jump in adjusted net profit for the third quarter, beating analyst forecasts, as refining margins and oil and gas output both strengthened. The company responded by raising its dividend and buyback plans.