Overview
- The Bureau of Labor Statistics canceled the October jobs report, removing a key data point before the December FOMC meeting and helping drive the dollar higher as traders cut the odds of a December rate reduction to about 28%.
- Minutes from the Oct. 28–29 Fed meeting showed many officials favored keeping rates steady for the rest of the year, lifting the dollar to a two‑week high and further damping near‑term cut expectations.
- The yen fell to a roughly 10‑month low after an adviser said the BOJ is unlikely to hike before March and as reports pointed to a stimulus package exceeding ¥20 trillion under Prime Minister Sanae Takaichi.
- UK inflation eased to 3.6% in October, reinforcing expectations for a Bank of England rate cut next month as sterling edged lower.
- Nvidia delivered a strong quarter with record data‑center revenue and guided fourth‑quarter sales to about $65 billion, boosting tech sentiment after hours.