Fri Oct 24 12:20:00 UTC 2025: Summary:

Investors are relying on limited U.S. economic data, specifically the October Philadelphia Fed Manufacturing Index, due to the ongoing government shutdown. Other global economic data releases include weaker-than-expected UK GDP, construction spending, and services data, offset by strong industrial production. Australian labor market data revealed a rise in the unemployment rate despite employment growth. Several Fed, BoE, and ECB officials are scheduled to speak throughout the day. Early CPI data released today were lower than expected, leading to gains in US100 and EURUSD.

News Article:

U.S. Economic Outlook in Limbo Amid Shutdown; Global Data Mixed

[City, State] – With the U.S. government shutdown dragging on, investors are turning to second-tier economic data for insights into the health of the American economy. Today’s focus is on the October Philadelphia Fed Manufacturing Index, seen as a crucial indicator in the data-light environment.

The global economic picture remains mixed. In the UK, new data on GDP, construction spending, and services all came in below expectations, though industrial production offered a positive surprise. Meanwhile, Australian labor market figures showed an unexpected rise in the unemployment rate to 4.5%, even as employment numbers exceeded forecasts.

Several key central bank figures are slated to speak throughout the day, including Fed Governors Waller, Miran, and Barr, as well as BoE’s Mann, ECB’s Kocher, and ECB President Lagarde.

Breaking reports of lower-than-expected U.S. CPI data have already triggered market reactions, with the US100 and EURUSD seeing gains.

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