US sovereign yields fell, driven by Trump’s comments. On the macro front, US consumer sentiment remained steady in October despite persistent labour market concerns, and Fed Governor Waller reinforced expectations of gradual rate cuts. European yields also declined, while peripheral spreads were broadly stable. ECB’s Villeroy de Galhau stressed the impact of French political uncertainty on confidence and growth.
In FX, Trump’s remarks weighed on the USD, which depreciated against the euro and the yen. In commodities, Brent fell on renewed concerns over global demand, while gold advanced on rising instability.