Market Brief, North America

Currency markets are trading with a slight risk-off flavour as investors await the release of the delayed September inflation report later this morning. Economists expect headline inflation to accelerate slightly on a year-over-year basis, while the less-volatile core measure holds steady, but there is considerable uncertainty around the extent to which tariff-led price increases have translated into upward pressure on goods costs. The dollar is edging higher against a basket of its major peers, ten-year Treasury yields are holding just below the 4 percent threshold, and equity futures are pointing to a stronger open after a series of relatively-positive earnings...

Financial markets are stabilising this morning as credit concerns and trade tensions begin to subside. After a brief period of whiplash on Friday, the dollar is inching higher against a basket of its most-traded rivals, benchmark ten-year Treasury yields are holding just above the 4 percent threshold, and US equity futures are pointing to a stronger open. Most major pairs are back to Thursday levels. Measures of implied volatility are slipping from levels hit last week when losses relating to an auto parts supplier and a subprime auto lender emerged, followed shortly thereafter by writedowns at regional lenders including Zion’s...