Australia’s market held near 7,050 as investors stayed cautious. Consumer spending slowed, but mining profits rose on firm commodity prices. Money shifted from retail and finance toward resources and utilities, signaling defensive positioning ahead of RBA decisions.
Putin approved Citigroup’s sale of its Russia division to Renaissance Capital, reinforcing tight state control over foreign-asset exits as Russia deepens its wartime economic model. The deal highlights growing financial consolidation and geopolitical risk.
SKF shares fell 8% after unveiling new earnings targets and a costly restructuring ahead of its planned split. Investors reacted to weaker-than-expected margin guidance, near-term cash-flow pressure and execution risks across its global industrial operations.
Poland’s economy grew 3.7% in Q3 2025, its fastest pace in three years. Strong consumption, investment and public spending lifted momentum, offering fiscal breathing room even as structural deficits, EU oversight and external-demand risks remain significant.
Spain’s business sentiment improved in October as easing inflation, strong tourism and clearer fiscal signals lifted corporate confidence. Firms see stabilising demand and better planning visibility, despite tight financing conditions and weak European manufacturing.