Global Markets on High Alert as Q4 Begins with Geopolitical Tensions Rising
The final quarter of the year begins on a tense note as bond markets grapple with geopolitical tensions, fiscal concerns, and heavy investment in artificial intelligence. Global borrowing costs have climbed to their highest levels since the 2007-08 financial crisis, despite major stock indexes remaining close to record highs.
September's US nonfarm payrolls report is due on Friday, with economists expecting around 100,000 jobs added and an unemployment rate of 4.2%. The data will be closely watched for clues on the Federal Reserve's next rate move.
The US Personal Consumption Expenditures price index, due on Wednesday, will provide insight into inflation pressures and progress toward the Federal Reserve's 2% target. Eurozone inflation data are also due on Friday, while Tokyo's inflation figures offer a closely watched gauge of Japanese price pressures.