Canada October S&P Global Services PMI 48.1, previous 48.3.

Scope Ratings said the U.S. midterm results and Trump’s acceptance of them will help support the country’s credit rating. In a Wednesday analysis the Berlin-based agency said GOP losses and the resulting shift in congressional control, combined with the White House’s recognition of the outcome, are significant. Democratic control of both chambers alongside Trump’s rapid concession confirms the resilience of U.S. checks and balances, Scope said, adding that those institutional safeguards will rebalance power between the White House and Congress and are positive for the U.S. credit profile and its rating.

Franklin Templeton’s Australia fixed-income head says the initial market reaction to the US midterms has been a modest shift from equities into bonds and a rise in risk aversion. He warned that if Democrats win control of Congress markets may view this as a constraint on President Trump’s growth agenda, particularly in AI and the resources sector. Traders also increasingly see the RBA as close to ending its tightening cycle; three‑year Australian government bond yields are down about 15bps since early this week.