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Turkey’s headline CPI rose 2.55% month-on-month in October, below expectations of 2.83% and the previous 3.23%. On an annual basis, inflation eased to 32.87% from 33.20%, reflecting moderation in food and energy prices. Core CPI (excluding energy, food, beverages, tobacco, and gold) increased 2.4% on the month and 32.0% year-on-year, both lower than September’s figures. Meanwhile, producer prices (PPI) rose 1.63% monthly and 27.0% annually, suggesting some relief in cost pressures.

The data indicate early signs of disinflation, though price growth remains elevated. The Central Bank of Turkey is likely to maintain its cautious stance to ensure a sustained decline in inflation expectations.

Market impact: Mildly positive for TRY; softer inflation may support confidence in monetary policy effectiveness and stabilize the currency. کند.

Brazil’s S&P Global Manufacturing PMI climbed to 48.2 in October from 46.5 in September, marking the third consecutive monthly improvement. Although the index remains below the 50 threshold, indicating contraction, the pace of decline has eased notably as output and new orders showed early signs of recovery. Easing inflation pressures and a gradual improvement in domestic demand supported sentiment among manufacturers.

Market impact: Mildly positive for BRL; improving PMI readings suggest Brazil’s manufacturing sector may be approaching stabilization, supporting medium-term growth prospects.

South Korea’s consumer prices increased 0.3% month-on-month in October, above expectations for no change and following a 0.5% rise in September. On an annual basis, inflation quickened to 2.4% from 2.1%, marking the highest level in four months. The uptick was driven by higher energy and food prices, while core inflation remained relatively stable, suggesting underlying price pressures are contained.

Market impact: Mildly positive for KRW; slightly stronger inflation may support expectations for the Bank of Korea to maintain a cautious stance on rate cuts.

Turkey’s Trade Ministry reported a trade deficit of $7.4 billion in October, widening from $4.17 billion in the previous month, as strong import demand outpaced export growth. Exports rose to $24.0 billion from $22.6 billion, supported by solid performance in automotive and machinery sectors. However, elevated energy and gold imports continued to weigh on the overall balance.

Market impact: Mildly negative for TRY; the wider deficit could raise concerns over external financing needs and put modest pressure on the currency.

The Bank of Mexico (Banxico) lowered its benchmark interest rate to 7.25% in November, as expected. The move follows clear signs of easing inflation and slower economic growth, prompting policymakers to begin a gradual normalization cycle. The central bank emphasized that future adjustments will depend on inflation dynamics and global monetary conditions, aiming to balance price stability with growth support.

Market impact: Mildly negative for MXN; while the cut was anticipated, lower yields may weigh slightly on near-term peso sentiment.

South Africa’s foreign exchange reserves reached $71.55 billion in October, up from the previous month, while net FX reserves increased to $69.36 billion. The rise reflects stable capital flows, improved export receipts, and moderate currency intervention activity by the central bank.

Market impact: Positive for ZAR; higher reserves strengthen external buffers and support the rand’s stability against global market volatility.

Israel’s foreign exchange reserves stood at $231.95 billion in October, showing little change from the prior month. The stable figure reflects balanced capital flows and the central bank’s steady approach to managing liquidity amid regional uncertainties.

Market impact: Neutral for ILS; stable reserves reinforce financial stability and confidence in the shekel’s underlying support.

Brazil’s industrial production grew 2.0% year-on-year in September, above the expected 1.7% and reversing the 0.7% decline recorded a year earlier. However, on a monthly basis, output fell 0.4%, slightly better than the forecasted -0.5%, after a 0.7% gain in August. The annual growth reflects stronger performance in capital and consumer goods, while the monthly dip signals temporary moderation amid weaker global demand.

Market impact: Mildly positive for BRL; solid annual growth offsets short-term softness, supporting confidence in Brazil’s manufacturing recovery.

South Africa’s S&P Global Manufacturing PMI declined to 48.8 in October from 50.2 in September, slipping back below the 50 threshold that separates growth from contraction. The drop reflects weaker output and new orders amid ongoing electricity shortages and softer business sentiment. Cost pressures eased slightly, but firms remain cautious about near-term demand.

Market impact: Mildly negative for ZAR; renewed manufacturing contraction highlights persistent structural challenges and weighs on short-term growth sentiment.

Toyota Motor (TM) reported earnings of $4.66 per share, well above expectations of $3.36, supported by strong global vehicle sales and favorable exchange rates. Revenue came in slightly below forecasts at $80.69 billion versus $82.16 billion expected, as lower production in some Asian markets offset gains in North America and Europe. The automaker’s market capitalization now stands at $257.22 billion, underpinned by robust margins and steady hybrid vehicle demand.

Market impact: Positive for TM; strong earnings and resilient profitability reinforce Toyota’s leading position in the global auto market.

Mexico’s gross fixed investment fell 2.7% month-on-month in August, steeper than the expected 1.8% decline and reversing a 1.4% rise in July. On an annual basis, investment slumped 10.4%, worse than the 7.8% forecast and the 6.7% drop previously. The contraction was driven by reduced spending on construction and machinery, reflecting waning business confidence and tighter financial conditions.

Market impact: Negative for MXN; deeper-than-expected investment decline underscores economic slowdown risks and could dampen near-term growth momentum.

Qualcomm (QCOM) reported earnings of $3.00 per share, topping estimates of $2.87, while revenue reached $11.27 billion, above expectations of $10.75 billion. The strong results were fueled by solid demand for smartphone and AI-integrated chipsets, alongside improving trends in the global handset market. The company’s market capitalization now stands at $192.5 billion, reflecting growing investor confidence in Qualcomm’s AI-driven growth outlook.

Market impact: Positive for QCOM; stronger earnings and revenue reinforce bullish sentiment around semiconductor recovery and AI chip adoption.