Danske Research Team describes Wednesday as a constructive session for global equities, with the S&P 500 and Nasdaq posting gains. However, weaker overnight earnings sentiment, including Meta’s higher spending plans and Tesla’s lower capex guidance, has weighed on futures, with Nasdaq and S&P 500 contracts trading lower alongside a softer Kospi.
The GBP/USD pair enters a bullish consolidation phase during the Asian session on Thursday, trading just below the 1.3400 mark and near its highest level since September 16, touched earlier this week.
Elias Haddad at Brown Brothers Harriman reports that Bank Indonesia left its policy rate unchanged at 5.75% for a fourth meeting, even as IDR weakened slightly following MSCI’s downgrade consultation. BI expects the current account deficit to widen by 2026, increasing external funding needs, though ample FX reserves are seen as cushioning further Indonesian Rupiah weakness.