The ongoing conflict between Israel and Hamas could lead to an unexpected surge in inflation, according to Alfred Kammer, the Director of the European Department at the International Monetary Fund (IMF). During a press conference in Brussels on Thursday, Kammer explained that this conflict has already led to a 10% increase in natural gas prices, which is impacting energy costs across Europe.

 Asian stocks fell to their lowest in a week on Friday, while the dollar was firm as elevated Treasury yields weighed on sentiment after hawkish comments from U.S. Fed Chair Jerome Powell extinguished expectations of a peak in interest rates.

The dollar was headed for its best week against the yen in three months on Friday, after Federal Reserve Chair Jerome Powell and a chorus of Fed officials poured cold water on market expectations of a peak in U.S. rates.

Thailand's economy is projected to grow 2.7% this year and 3.6% next year, amid a highly uncertain global environment, the International Monetary Fund (IMF) said on Wednesday.

Euro zone consumers have raised their expectations for inflation over the next 12 months to 4%, a European Central Bank survey showed on Wednesday, in a potential headache for the ECB in its effort to rein in prices.

The European Central Bank (ECB) survey has revealed that Eurozone consumers' inflation expectations have risen to 4%, which could potentially affect wage demands, spending, saving, and the setting of retail prices. This comes as the 12-month consumer inflation expectations figure also rose to 4%, leading to uncertainty in the European markets. However, easing natural gas prices and a decline in Germany's October Consumer Price Index (CPI) rate to 3.8% due to lower energy costs may alleviate some inflation concerns.