Closing Huddle — Friday 30 October 2026

Closing Huddle for Friday 30 October 2026. What moved - Results of the ECB Survey of Professional Forecasters for the fourth quarter of 2026 - SEC Issues Exemptive Relief from Treasury Clearing Requirements for Certain Inter-Affiliate and Non-U.S. Repo Transactions - Decisions taken by the Governing Council of the ECB (in addition to decisions setting interest rates) - Reference moves: Bitcoin 76,801.00 (-3.06%); Oil (USO) 166.57 (+1.64%); Ether 2,240.75 (-1.56%); QQQ 715.34 (-1.42%). Mixed sources: end-of-day reference values as of 2026-10-30 and quotes delayed by up to 1440 minutes; nothing here is a real-time quote. Why - Results of the ECB Survey of Professional Forecasters for the fourth quarter of 2026: This survey directly influences ECB policy deliberations and can shift expectations for the eurozone rate path, touching euro-denominated bonds, EUR currency pairs and rate-sensitive equity sectors. A meaningful change in medium-term inflation expectations typically transmits into short-end European yields and EUR crosses. - SEC Issues Exemptive Relief from Treasury Clearing Requirements for Certain Inter-Affiliate and Non-U.S. Repo Transactions: This relief directly affects broker-dealers and institutions active in Treasury repo markets, touching the short-term funding infrastructure that underpins much of fixed income trading. Regulatory shifts in Treasury clearing can influence funding costs, counterparty structures, and the operational complexity that market participants must price into their activities. - Decisions taken by the Governing Council of the ECB (in addition to decisions setting interest rates): Non-rate ECB decisions can move euro-area sovereign bond spreads, bank lending conditions and the euro itself, touching instruments from EUR/USD to European equity indices and short-term rates. Central bank operational changes often transmit gradually through funding markets rather than instantly. What comes next - No scheduled events are on the calendar for the next few days. Community question: What did today change about your plan for tomorrow, if anything? Educational discussion, not financial advice. Trading involves significant risk of loss.