Market Information Tuesday 03 November 2026

Australia’s central bank raised its benchmark cash rate by 25 basis points to 4.85% on Tuesday, the highest level since November 2008. It was the fifth increase this year, decided by six votes to three. Inflation rose to 4.3% in September, up from 4% in August. The central bank now expects inflation to stay elevated through much of 2027 and return to its 2% to 3% target range only in late 2027, three quarters later than previously forecast.

South Korean President Lee Jae Myung unveiled the country’s largest ever budget on Monday, with total spending for 2027 rising 12.8% to 820.9 trillion won. It includes 21.3 trillion won for semiconductors, physical artificial intelligence (AI) and AI data centers, nearly double the 2026 level, and 4.7 trillion won for a sovereign AI model. Defense spending rises 8.2% to 73.3 trillion won. Exports reached a record $115.3 billion in October, up 93.7% from a year earlier.

Oil prices fell on Monday by the most in months after the United States and Iran signalled openness to negotiations aimed at ending the conflict that has disrupted Middle East energy supply for months. West Texas Intermediate futures dropped almost 7% to about $97 per barrel, while Brent fell 6.5% to $106. European gas futures declined more than 9%, the largest drop since July. Heating oil and gasoline contracts also fell.

The 6M Euribor increased with 2 basis points to 2.99% compared to previous business day. The 10Y Swap decreased with 4 basis points to 3.40% compared to previous business day.

In the attachment, today’s market data on money and capital market rates as well as other rates are presented.