Interconnected crises in Middle East conflict energy and global debt

Review The U.S. economy’s shock absorbers are worn. That could make for a bumpy ride if recent investor anxiety worsens. —Spencer Jakab, “Borrowing Costs’ Double Whammy Boosts Recession Odds,” The Wall Street Journal, October 9, 2026. Rising bond yields are causing angst in government circles (and ill-disguised glee in financial media circles, as a new sensation). As with some…

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Robust trade and rising prices – DBS

DBS Group Research expects China’s exports to grow 25.7% year-on-year in September, supported by strong electronics demand and improving manufacturing PMIs. The report notes strengthening external trade indicators and freight activity, alongside a rebound in factory-gate and raw material prices, with CPI inflation seen edging up to 1.0% but still constrained by soft domestic demand. Strong exports with moderate…

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Canada September employment change -68.3K vs +9.2K expected

Details for the month of September: Employment change: -68.3K vs +9.2K expected; prior -41.7K Unemployment rate: 6.5% vs 6.5% expected; prior 6.4% Full-time employment change: -35.4K vs prior -35.9K Part-time employment change: -32.9K vs prior +5.8K Participation rate: 64.8% vs prior 65.0% Average hourly wages for permanent employees: +2.3% YoY vs +2.0% prior The US-Canada trade war picked up…

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Crude Oil drops on Trump’s Russian diesel plan

After a call with Russian President Putin, President Donald Trump said on Friday Russia will immediately supply more than 300K tons of diesel to the US and global markets. He put the next shipments at 500K tons in November and 1 million tons after that. The first 300K tons come to about 2.2 million barrels, a little more than…

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