Indian officials said US midterm election results on Tuesday should relieve some trade pressure on New Delhi by strengthening Congressional oversight and limiting the president’s unilateral authority to impose reciprocal tariffs, but would introduce new uncertainty into already fragile bilateral ties. Officials noted Democrats won decisive victories in both chambers, signaling stronger checks on Trump-era tariff policy and Iran-related actions that had earlier hit Indian exporters and energy imp

ECB wage tracker showed euro-area wages are projected to slow to 2.4% YoY in Jul–Sep 2027, versus 2.8% expected for Q1–Q2 and well below the 5.3% 2024 peak. The slowdown is a positive for the ECB as it contends with inflationary pressure from the Iran war and the risk of second-round wage-price dynamics. Euro-area household inflation expectations rose slightly in September. The ECB held rates last week after 25bp hikes in June and September; officials said they are prepared to hike again next month if the outlook does not improve, noting wages have not yet shown a clear response but flagging wage overshoots as an upside risk to inflation.

Decision Desk HQ (per The Hill) projected on Tuesday that Democrats have won control of the U.S. House, returning to the majority after four years in the minority and ushering in a divided government. The shift will immediately constrain the White House legislative agenda and set up clashes between the House and White House on immigration enforcement, government spending, Trump’s global tariff policy and potential action on Iran. Democrats have pledged broad investigations into Trump and his inner circle, focusing on the Epstein scandal, violence tied to mass deportation operations and the finances of Trump and his family, increasing oversight and political risk heading into next year.