Economy news · 6 November 2026
AI Regulation Fears Wipe $2.3 Trillion in Global Tech Rout
Global stock markets plunged after Democrats' US midterm sweep stoked fears of tighter AI regulation, with the Nasdaq 100 sliding 6.4% and wiping out $2.3 trillion in market value as Asian markets deepened the sell-off.
US Jobs Report: Hiring Remains Weak as Inflation Erodes Real Wages
The October US jobs report is expected to show only 65,000 new positions added, well below historical norms, with real wages falling for the sixth consecutive month as inflation keeps outpacing pay rises.
Mexico's Central Bank Surprises Markets with Rate Cut to 6.25%
Mexico's Banxico unexpectedly cut its benchmark interest rate by 25 basis points to a four-year low of 6.25%, calling it a one-time adjustment and signalling a prolonged hold to tame inflation.
Canada Releases Jobs Data as Economy Buckles Under US Tariffs
Statistics Canada published its October employment figures on November 6 as Canada grappled with US tariffs, 68,000 September job losses, a Bank of Canada rate rise to 2.5%, and a freshly unveiled federal budget centred on infrastructure investment.
Gold Rises to $4,086 as Wall Street Sells Off Sharply
Gold climbed 0.51% to $4,086 an ounce on November 5, 2026, as investors sought safety after the S&P 500 dropped 4.36% and the Nasdaq Composite fell 5.52% in one of the sharpest single-day declines in recent weeks.