Goldman Sachs economists calculate that the worldwide rush to build AI infrastructure will drive US core PCE inflation as much as 50 basis points higher at its peak, with the boost unwinding over the course of 2027.
Indian state refiner Bharat Petroleum Corporation Limited (BPCL) says it will buy less Russian crude next month as elevated shipping costs make Middle Eastern grades more attractive, a shift relevant for global oil flows.
Deutsche Bank economists say leaked details of the UK Autumn Budget suggest Chancellor Healey's team will expand public investment spending by around £20.4 billion, more than previously assumed, lifting government borrowing but reducing uncertainty ahead of the announcement.
AUD/USD slipped 0.24% to around 0.7015 on Monday after touching a one-month high, as traders braced for Australian inflation data on Wednesday and the Fed's rate decision the same day.
TD Securities forecasts September core PCE inflation at 3.1% year-on-year and Q3 US GDP growth at 2.5% annualized, pointing to persistent price pressure alongside still-solid economic activity.
Large Chinese industrial companies saw profits climb 14.4% from a year earlier in September, a sharp turnaround from August's 4.2% gain, official figures show. The data carry implications for Chinese stocks and commodity-tied currencies.
About 1,200 United Steelworkers members walked off the job Saturday at Teck Resources' Highland Valley Copper site in British Columbia, forcing the company to scale back production until the dispute is resolved.
EQT Corp has agreed to acquire Range Resources in an all-share transaction worth over $50 billion including debt, forming what the two firms describe as America's largest vertically integrated natural gas producer.
The US Dollar Index rose 0.24% to around 101.98 on Monday as investors positioned for rate decisions from five G10 central banks, including a Fed meeting on Wednesday widely expected to hold rates.
Sources say Washington and Ottawa are negotiating lower tariffs on Canadian steel and auto imports, with a possible agreement before the November 3 midterms, though the talks remain unconfirmed.