Fed minutes: Some participants said AI development could cause aggregate demand to exceed supply in the medium term, exerting upward pressure on inf.

Nomura analysts say the RESERVE BANK OF INDIA unexpectedly moved its policy stance from "neutral" to "orderly tightening" to anchor inflation expectations and build a buffer against adverse global conditions. Nomura expects one more 25bp hike in December then a pause, contrasting with market expectations of a longer tightening cycle. The bank raised its 2026/27 fiscal-year GDP and inflation forecasts to 7.1% and 5.2%, and lifted its one‑year‑ahead inflation forecast to 5.6%.

UBS raised its price target on MARVELL (MRVL.O) to $350 from $335.