MARKETS

S&P 500 7,623.68 -0.52% NASDAQ 25,955.34 -0.21% FTSE 100 10,736.00 +0.43% NIKKEI 62,190 -0.80% BRENT $110.19 -1.35% GOLD $4,029.9 +0.55%

Delayed 15 min · 11:58 GMT

FLASH

Central banks' super week: Fed, ECB, BoJ seen holding; Canada may hike Moody’s spares France a downgrade as 10-year yield tops 5% Oil slips from six-month highs as Qatar mediates in Tehran China’s Fifth Plenum opens as AI exports mask weak home demand Lula wins, Brazil markets brace for shock sell-off; Tokyo Brazil ETF plunges ~15% Brazil votes today: Lula faces Flávio Bolsonaro in runoff Fed, ECB, BoJ Rate Decisions This Week: Holds Expected, December in Focus Oil is pricing in the next round of war. Brent tops $116 as Iran tensions drag Wall Street lower Global money is bidding for India's biggest growth stories while leaving India’s index

Central banks' super week: Fed, ECB, BoJ seen holding; Canada may hike Moody’s spares France a downgrade as 10-year yield tops 5% Oil slips from six-month highs as Qatar mediates in Tehran China’s Fifth Plenum opens as AI exports mask weak home demand Lula wins, Brazil markets brace for shock sell-off; Tokyo Brazil ETF plunges ~15% Brazil votes today: Lula faces Flávio Bolsonaro in runoff Fed, ECB, BoJ Rate Decisions This Week: Holds Expected, December in Focus Oil is pricing in the next round of war. Brent tops $116 as Iran tensions drag Wall Street lower Global money is bidding for India's biggest growth stories while leaving India’s index

Intelligence

Central banks' super week: Fed, ECB, BoJ seen holding; Canada may hike

Five major central banks decide this week. The big question is how hawkish they sound with oil above $100 and inflation running hot.

Market Signals | 26 October 2026

Central banks' super week: Fed, ECB, BoJ seen holding; Canada may hike

Five central banks decide this week, and the real question is how hawkish they sound.

The Fed, the Bank of Canada and the RBNZ announce on Wednesday, the ECB on Thursday and the Bank of Japan on Friday.

The Fed is expected to hold at 3.75–4.00% after September’s hike, so markets will watch Chair Kevin Warsh for hints of a December move.

Canada is the outlier: markets price an 80% chance of a 25bp hike as energy prices feed inflation.

The ECB is expected to hold at 2.50% and the BoJ at 1.25%, a 31-year high.

With oil above $100, nobody is talking about cuts.