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Brazil’s S&P Global Services PMI increased to 47.7 in October from 46.3 in September, while the Composite PMI rose to 48.2 from 46.0, signaling a slower pace of contraction in private-sector activity. The improvement was supported by easing inflationary pressures and modest gains in new business, though overall demand conditions remain subdued.

Market impact: Mildly positive for BRL; softer contraction and stabilizing sentiment may signal an approaching recovery in Brazil’s services sector.

Brazil’s IGP-DI inflation index declined 0.03% month-on-month in October, compared with a 0.36% rise previously. The minor decrease reflects softer price pressures across wholesale and consumer segments, signaling stable inflation conditions ahead of the central bank’s policy meetings.

Market impact: Neutral for BRL; steady inflation supports a stable monetary outlook and reinforces policy flexibility.

India’s foreign exchange reserves stood at $689.73 billion, marking a slight decline from the previous week. The minor adjustment reflects regular valuation effects and moderate capital flow activity, with the Reserve Bank of India maintaining adequate buffers to support currency stability.

Market impact: Neutral for INR; stable reserves continue to underpin confidence in India’s external position and policy credibility.

Brazil’s Producer Price Index (PPI) declined 0.25% month-on-month in September, compared with a 0.21% drop previously. The data point to easing cost pressures in the industrial sector, consistent with stable inflation dynamics and subdued input demand.

Market impact: Neutral for BRL; lower producer prices support price stability and reinforce a steady monetary policy outlook.

South Korea recorded a current account surplus of $13.47 billion in September, up sharply from $9.15 billion in August. The strong result was driven by a wider goods surplus amid robust semiconductor exports and stable energy imports, alongside continued income inflows from overseas investments. The data highlight South Korea’s strengthening external position as exports recover and the trade balance improves.

Market impact: Positive for KRW; a larger current account surplus supports external stability and strengthens currency fundamentals.

India’s S&P Global Services PMI came in at 58.9 in October, just above expectations of 58.8 but down from 60.9 in September. Despite the mild slowdown, the index remains well above the 50 threshold, indicating robust growth across the services economy. New business and export demand continued to expand at a solid pace, supported by resilient domestic consumption.

Market impact: Positive for INR; strong services momentum underscores India’s economic resilience and supports steady capital inflows.

India’s S&P Global Services PMI stood at 58.9 in October, nearly matching expectations of 58.8 but slightly below 60.9 in September, indicating continued robust expansion in the services sector. Meanwhile, the Composite PMI, which includes both manufacturing and services, came in at 60.4, above forecasts of 59.9 and only marginally lower than 61.0 previously. The data highlight broad-based economic strength driven by firm domestic demand and steady job creation.

Market impact: Positive for INR; resilient activity across sectors reinforces confidence in India’s growth outlook and supports continued capital inflows.

Turkey’s gross foreign exchange reserves slipped slightly to $80.38 billion from $80.84 billion in the latest week, while net FX reserves rose to 69.3% from 67.77%, indicating improving liquidity conditions despite minor outflows. The data suggest the central bank continues to stabilize reserves through tighter policy and higher capital inflows, reflecting increased market confidence in monetary management.

Market impact: Mildly positive for TRY; steady reserve levels and higher net coverage reinforce confidence in Turkey’s external resilience.

Brazil recorded a trade surplus of $6.96 billion in October, surpassing expectations of $6.20 billion and well above $2.94 billion in September. The improvement was driven by higher agricultural and mining exports alongside weaker import demand. The strong performance highlights Brazil’s external strength amid solid commodity prices and a weaker real supporting export competitiveness.

Market impact: Positive for BRL; a larger trade surplus bolsters external accounts and strengthens near-term currency support.

Turkey’s treasury cash balance showed a deficit of TRY 195.9 billion in October, improving from the previous month. The result reflects stronger revenue collection and controlled expenditure levels, suggesting ongoing fiscal discipline amid a challenging inflation environment.

Market impact: Neutral for TRY; improved cash balance supports fiscal stability and maintains investor confidence in government finances.

Argentina’s industrial production fell 0.7% year-on-year in September, showing a milder contraction than before. The data indicate continued weakness in manufacturing activity, as high inflation and tight financial conditions weigh on domestic demand.

Market impact: Neutral for ARS; ongoing industrial softness reflects a constrained economic environment but no new market shock.

Turkey’s industrial production dropped 2.2% month-on-month in September, reversing a 0.6% gain in August, as manufacturing activity weakened across key sectors. On a yearly basis, output grew 2.9%, down sharply from 7.3% in the previous month, indicating that economic momentum is losing steam amid tight monetary conditions and weaker external demand.

Market impact: Negative for TRY; the slowdown in industrial activity may weigh on growth expectations and reinforce concerns over the impact of high interest rates.