Fed minute in line with a rate hike in December – China exports increase concerns on world trade

There are two main market mover today:

  1. Minutes of September Fed meetings signalled that, despite division between hawks and doves, a 25bp rate hike in December seems very likely. Read here
  2. Chinese exports declined by 10% y/y in September. It was a negative sign for world trade and for Chinese economy. The focus is now on GDP, retail sales and industrial production data due next week. Read here

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