- New Japanese prime minister Shigeru Ishiba said on Wednesday the economy isn’t ready for another interest-rate increase, sending the yen lower, Bloomberg reported. Bank of Japan (BoJ) board member Asahi Noguchi was quick to comment that markets should not respond to each comment politicians make.
- There were surprising comments as well from Bank of England (BoE) Governor Andrew Bailey, who said to the Guardian newspaper that the BoE might need to start cutting soon and aggressively, Bloomberg reports.
- The US economic calendar started early with the Challenger Job Cuts data for September. Around 72,821 jobs were cut against the 75,891 layoffs in August .
- At 12:30 GMT, the weekly Jobless Claims are due, with Initial Claims set to marginally rise to 220,000 from 218,000.
- Around 13:45 GMT, the final S&P Global Services Purchasing Managers Index (PMI) for September is expected to remain unchanged from its preliminary reading of 55.4. The Composite PMI should also remain steady at 54.4.
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