The US economy improved in September, according to a report from the Chicago Federal Reserve on Tuesday. The Chicago Fed national activity index rose to +0.14 in September from +0.13 in August. The three-month moving average of the index rose to -0.03 from -0.15.
Economic data from Japan on Tuesday were negative though. The tertiary industry activity index fell 0.2 percent in September while the consumer confidence index fell 4.2 points to 41.2 in October.
Elsewhere in Asia, India reported on Tuesday that industrial output grew 2.0 percent in September from a year earlier, up from 0.4 percent in August, but consumer price inflation also rose to 10.09 percent in October from 9.84 percent in September.
It was Indonesia, though, that raised interest rates on Tuesday. Bank Indonesia raised its key rate by 25 basis points to 7.5 percent, bringing the total increase since June to 175 basis points.
However, the Bank of England is unlikely to raise interest rates soon. A report on Tuesday showed that UK consumer price inflation fell to 2.2 percent in October from 2.7 percent in September.
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