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Wednesday, 28 October 2026

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EU tariffs aimed at China hitting Ukraine, steel boss says

The boss of one of Ukraine's biggest steel companies has called on the European Union to drop import restrictions on products made from the country, arguing it has been "bundled together" in measures aimed a curbing che…

Barclays’ Cau says the best of the AI trade may be over

Another selloff in AI names broadened to encompass most of Tech, sending the Nasdaq-100 to its worst week since April 2025. Five sectors though would finish the week up 2% or more, as 30-year Treasury yields fell the mo…

Why We Now Expect Two Bank of England Rate Hikes

Macro view: The BoE left rates unchanged at 3.75%, as expected, with a 7-2 vote split and no change to the core guidance. The tone of the statement and messaging reinforced a clear ‘wait and see’ stance. Since the last …

U.S. producer prices rise by 1.3% month-on-month in September

The producer price index (PPI), the government’s gauge of the prices US producers receive for what they sell and the usual measure of wholesale inflation, rose 1.3% in September 2026, the largest monthly rise since Marc…

CPI Hotter Than Expected: Is a Hike Back on the Table?

As we noted in prior commentaries, last month’s softer-than-expected CPI and PCE reports, along with weak labor data, gave the Fed room to wait on further rate hikes. Yesterday’s CPI data takes some of it back.