The National Highway Traffic Safety Administration (NHTSA) announced that Honda will recall more than 406,000 vehicles in the U.S. market due to a wheel detachment issue.

[Swiss Foreign Exchange Reserves Decline Slightly Month-on-Month] ⑴ The Swiss National Bank's foreign exchange reserves fell to CHF 724.8 billion in October, compared to a revised CHF 726.8 billion in the previous month. ⑵ Special Drawing Rights (SDRs) fell to CHF 10.278 billion, compared to CHF 10.295 billion in the previous month. ⑶ International Monetary Fund (IMF) reserve positions fell to CHF 1.612 billion, compared to CHF 1.621 billion in the previous month. ⑷ Gold holdings increased to CHF 108.024 billion, compared to CHF 101.941 billion in the previous month.

[France's Current Account Turns to Deficit] ⑴ France's current account recorded a deficit of €1.6 billion in September, turning negative from a revised €1.4 billion surplus in the previous month. ⑵ The goods account deficit widened to €5.5 billion, from €3.7 billion in the previous month. ⑶ The services account surplus narrowed to €4.7 billion, from €6 billion in the previous month. ⑷ The primary income surplus increased slightly to €3.8 billion, from €3.7 billion in the previous month. ⑸ The secondary income deficit remained unchanged at €4.6 billion.

[France's Trade Deficit Widens More Than Expected] ⑴ France's trade deficit widened to €6.6 billion in September, the largest in three months, up from €5.2 billion in August and exceeding the expected €5.9 billion. ⑵ Exports rose only 0.1% month-on-month to €51.9 billion, with refined petroleum products up 19.0%, machinery and equipment up 6.1%, and agricultural products up 1.6%, but this was almost offset by a decline of 8.6% in transport equipment and 20.9% in natural hydrocarbons. ⑶ By region, exports to the EU rose 4.1%, exports to Asia rose 0.9%, while exports to the Middle East fell 22.5%, and exports to the Americas fell 1.2%, the latter affected by US tariffs. ⑷ Imports rose 2.5% month-on-month to €58.5 billion, mainly driven by a 14.5% increase in natural hydrocarbons, a 3.8% increase in machinery and equipment, and a 3.2% increase in refined petroleum products, while agricultural imports fell 2.6% and transport equipment imports fell 2.7%. (5) By region, imports from Asia increased by 5.5%, imports from the Americas increased by 3.9%, but imports from Africa decreased by 14.1% and imports from the Middle East decreased by 0.1%.

[Central Bank of Indonesia to Launch Floating-Rate Bills] ⑴ Central Bank Indonesia announced on Friday its plan to launch short-term "central bank floating-rate bills" on November 17 to deepen the domestic money market. ⑵ Central bank official Fetra Yusdiman stated that the floating-rate bills are rupiah-denominated securities issued by Central Bank Indonesia, with a floating interest rate and a maximum maturity of 12 months. ⑶ Fetra noted, "The purpose of launching central bank floating-rate bills is as a monetary operation tool to support the market and promote the deepening of the money market." ⑷ He added that the initial bills may have a maturity of 12 months, with coupon payments due at maturity, and these bills can be used as collateral for short-term loans.

[Czech Retail Sales Growth Slows in September] ⑴ Czech retail sales rose 2.6% year-on-year in September, lower than the market expectation of 4% and a slowdown from the revised 3.3% in the previous month. ⑵ The slowdown was mainly due to a narrowing of growth in motor fuel sales (9.5%, compared to 11% previously) and a slowdown in non-food product sales (2.8%, compared to 3.7% previously). ⑶ In addition, sales of food, beverages, and tobacco fell 0.2%, compared to a 0.1% increase in the previous month. ⑷ Seasonally adjusted month-on-month data showed that retail activity fell 0.2% in September, turning negative from the revised 0.5% increase in the previous month.