Bernstein believes that U.S. credit card spending remained strong overall ahead of bank earnings reports. Bank reports showed that growth slowed by only about 0.1-0.2 percentage points compared to the second quarter, lower than market expectations of a 0.5-1 percentage point slowdown for Visa and Mastercard; debit card spending remained largely stable. The rise in gasoline prices has two effects: it may squeeze other consumption, but it will also increase the nominal spending recorded on payment networks. U.S. gasoline prices rose by more than 30% in the third quarter compared to the same period last year. The report estimates that gasoline accounts for about 4% of the two companies' U.S. credit card spending.

According to BMI, a UK-based research firm, European electric vehicle deliveries hit a record high in September, with nearly 600,000 units sold, a 10% increase month-over-month. However, North American electric vehicle sales plummeted by 44% in September, marking the largest monthly decline so far in 2026.

According to BMI, a UK-based research firm, global electric vehicle sales rose 3% to 15.5 million units in the first nine months of the year.

British research firm BMI reported that global electric vehicle sales fell 2% to 2.15 million units in September, ending a six-month streak of growth.

Hungarian Prime Minister Majol said he will submit the 2027 budget to parliament on Monday.

Bank of Canada Governor Macklem: High oil prices are good for Canadian economic growth.