欧洲央行管委卡扎克斯：仍适宜以渐进方式行动。政策必须阻止能源通胀外溢。

Markets expect higher Brazilian rates after President Lula’s re-election raised prospect of larger public spending and upward pressure on inflation. A weekly survey by economists for the Brazil central bank showed expected Selic at 13.75% next month, up from 13.5% previously; economists have raised end-2026 rate expectations for a second consecutive week. Analysts lifted their year‑end inflation forecast to 4.9% from 4.76%, well above the 3% target. Lula’s surprise win has reversed investor hopes of a policy shift, triggering sharp losses in the Brazilian real and equities and adding fiscal and currency weakness risks that could further accelerate inflation. Last week the central bank paused its easing cycle, holding Selic at 13.75% after months of cuts and warning of slowing growth, accelerating inflation and high uncertainty.

U.S. gasoline prices could fall below $4/gal as soon as Tuesday, CBS reports. AAA said the national average for regular gasoline was $4.0093/gal on Monday, down more than $0.36 MoM and $0.16 WoW. Diesel has fallen only about $0.10 MoM and remains roughly $2.44/gal above year-ago levels, though below its Sept. 22 record high. Seasonal switch to lower-cost winter-blend fuel, weaker driving demand and the winding down of refinery maintenance are set to raise refinery output and add supply.