Macquarie FX and rates strategist Thierry Wizman says traders should prepare for
a round of rate hikes in December. He assigns a subjective ~80% probability to a
BOJ hike, ~66% to an ECB move and ~50% to a Fed hike, warning French instability
could complicate ECB action as the bank may need to ensure France can continue
to access capital markets. Wizman adds AI-driven capital spending should sustain
growth into Q4, with Japan poised to see stronger gains as capex materializes.
