Morning Brief – November 06, 2026 by CareEdge Ratings
Global
• Initial jobless claims in the US fell by 6,000 to 189,000 in the final week of October, down from a revised 195,000 in the previous week.
• UK new car registrations increased 5.4% y-o-y to 152,730 units in October 2026, marking an 11th consecutive monthly gain, although growth slowed following September's seasonal surge.
• The Bank of England raised the key bank rate by 25bps to 4% in November 2026, in line with expectations, marking the first increase since August 2023.
Domestic
• Centre released Rs 1.09 trillion to states as tax devolution, advancing the November instalment by five days to support capex and welfare commitments.
• The Union Cabinet has approved the Rs 4.4 lakh crore VISTAR scheme to modernise India’s official statistical system, expand surveys and the Economic Census, and strengthen state-level data collection and analysis.
• India exported USD 69 million worth of wheat in September, a month after the centre lifted the ban on its shipments, showed commerce department data.
Global Indicators
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