Asia Market Movers: Canada announces ‘significant’ reductions to import quotas of General Motors & Stellantis

Friday, 24 Oct, 2025 News Canada announces 'significant' reductions to import quotas of General Motors & Stellantis Canada government announces 'significant' reductions to import quotas of General Motors and Stellantis More: Says it is reducing General Motors' annual remission quota by 24.2% And is reducing Stellan News Japan preliminary manufacturing PMI (October) 48.3, 19 mth low (down from 48.5 September) I don't know about anyone else, but this seems very disappointing to me and unlikely to make the BOJ rush into tightening. Japan's manufacturing sector contracted in October at its fastest pace in 19 Learn more Central Banks PBOC is expected to set the USD/CNY reference rate at 7.1192 – Reuters estimate People's Bank of China USD/CNY reference rate is due around 0115 GMT. The People's Bank of China (PBOC), China's central bank, is responsible for setting the daily midpoint of the yuan (also known as Central Banks RBA Governor Bullock makes no mention of interest rates or economy in speech on payments There will be a Q&A to follow Bullock's speech. Likely to be more interesting to traders. As I posted earlier, The immediate background to this is last week's soft-side labour market report, which News South Korea fin min: Will act swiftly if needed to stabilize financial markets South Korea fin min: Closely monitoring financial markets Will act swiftly if needed to stabilize financial markets FX volatility seen continuing Will work to increase housing supply to stabilize prop Central Banks AUD traders - Reserve Bank of Australia Governor Bullock speaking imminently (live link) Reserve Bank of Australia Governor Bullock is due to speak at five past the top of the hour: 11.05am Sydney time 0005 GMT 2005 US Eastern time Live link The Q&A is more likely to have relevance to News Japan September headline inflation 2.9% y/y (expected 2.9%) Japan September CPI Headline inflation 2.9% y/y expected 2.9%, prior 2.7% National CPI ex Fresh Food 2.9% y/y expected 2.9%, prior 2.7% National CPI ex Food, Energy 3.0% y/y prior 3.3% Service-sector News Japan PM Takaichi arranging 1st phone talks with Trump for Saturday New Japanese Prime Minister Takaichi seeking initial talks with Trump this weekend Japanese media reports: citing a government source Thursday the two have yet to make direct contact Takaichi became Learn more News UK consumer confidence hits 14-month high but budget fears loom British consumer sentiment rose in October to its joint-highest level since August 2024, driven by shoppers taking advantage of promotional sales events from Amazon and other major retailers. Market r

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