Key Events Around the Globe Investors Must Know

UK Consumer Spending Slows Ahead of Reeves Budget,

Retailers say British consumer spending grew by the least in four months in September as uncertainty ahead of finance minister Rachel Reeves’ budget next month and rising energy bills deterred shoppers, a survey showed. The British Retail Consortium said spending in shops increased by 2.3% in annual terms, below August’s 3.1% growth and the weakest rise since May. Separate data from Barclays showed a drop in a broader measure of consumer spending in September.

China’s September Exports to Russia Show Steepest Decline in Seven Months

China’s yuan-denominated exports to Russia in September posted their biggest drop in seven months, accelerating the decline seen in August, Chinese customs data showed on Monday. Outbound shipments to Russia contracted 21% in yuan terms last month to 63.11 billion yuan ($8.85 billion) from a year earlier, the lowest since February and a sixth straight monthly decline.

Exports fell 16.4% in August. For the first nine months of the year, China’s exports to Russia fell 10.6%. But China’s imports from Russia swung back to growth last month, registering a 3.8% rise compared to a 17.8% contraction in August.

China’s Exports and Imports Beat Forecasts in Sept, Signaling Trade Resilience

China’s foreign trade showed surprising strength in September, with both exports and imports beating forecasts despite headwinds from mounting global tensions and weakening domestic demand. However, with a surge in imports, the trade balance shrank to a surplus of $90.45 billion, less than expectations of $98.96 billion. The surplus also fell from the $102.33 billion seen in the prior month, customs data showed on Monday. Exports in dollar terms jumped 8.3% year-on-year, well ahead of the 6.0% gain projected by analysts and sharply up from August’s 4.4% rise.

Source: HDFC Securities Prime Daily, 14 October 2025

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