Canada Building Permits MoM

Germany Current Account

United States Jobless Claims 4-week Average

United States Continuing Jobless Claims

Futures tracking US equities were lower on Thursday, weighed down by a plunge in Nvidia as its board weighed firing CEO and co-founder Jensen Huang. Contracts for the S&P 500 fell 0.5% and the Nasdaq 100 fell 1%, while the Dow was flat. Nvidia was down 8% premarket after reports suggested the chipmaker's board was likely to oust the CEO. Nvidia has lost over 20% this month as Huang's involvement with a Megaspeed executive investigated for being a Chinese spy combined with concerns over a lower data center buildout following the Democratic Party victory in US midterm elections. AMD and Intel erased earlier gains to trade down 3%. Meanwhile, Nebius sank nearly 10% after posting its earnings results, erasing its gains from the last session following the earnings beat by CoreWeave. Still, other sectors offered some respite, rebounding slightly after the hot CPI reading on Tuesday supported bets on multiple Federal Reserve rate hikes in the current tightening cycle.

US Futures Weighed Down by Nvidia

Brazil’s annual inflation rose to 4.63% in October from 4.58% in September, below market expectations of an increase to 4.74%, marking a second consecutive monthly increase and the highest rate in four months. The acceleration was driven by higher price growth in food and beverages, which increased to 5.73% from 4.66% in September. Inflation also accelerated for household articles (2.88% vs. 2.08%) and communication (3.68% vs. 2.79%), while inflation for education edged up slightly to 5.96% from 5.95%. In contrast, inflation slowed for transport to 3.2% from 3.94% as fuel inflation softened to 4.3% from 4.97%. Price growth also slowed for housing (4.01% vs 4.22%), clothing (3.21% vs 3.34%), health and personal care (5.42% vs 5.75%) and personal expenses (5.8% vs 5.9%). From the previous month, consumer prices rose 0.14% following a 0.82% rise in September, also below market expectations. As of October, inflation reached 4.1%.

Brazil Inflation Rate Rises Less Than Expected

The annual inflation rate in Tanzania edged down to 4.2% in October 2026 from 4.3% in each of the previous two months. Price growth cooled down mostly for food & non-alcoholic beverages (3.6% vs 3.9% in September); clothing & footwear (1.2% vs 1.7%); housing & utilities (2.3% vs 2.5%) and furnishings & household equipment (1.8% vs 2.6%). On the other hand, prices rose faster for transportation (14.9% vs 14%) and miscellaneous goods & services (3.5% vs 3.3%). On a monthly basis, the CPI fell by 0.3%, after increasing by 0.1% in the month earlier.

Tanzania Inflation Rate Eases to 4.2% in October

Israel’s trade deficit widened significantly to $5.18 billion in October 2026, up from $2.86 billion a year earlier. Imports surged 42.7% to $10.59 billion, their second-highest level on record, driven by increased purchases of raw materials, investment goods, consumer goods and fuels. Exports rose at a slower pace of 18.7% to $5.41 billion, supported by gains in manufacturing and mining. For the first ten months of 2026, the trade deficit reached $43.45 billion, compared with $32.04 billion over the same period in 2025.

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