US consumer credit rose $27.84 bln in September versus $12.0 bln expected; August was revised down to $8.19 bln from $8.281 bln.

DALY: tariffs, war and AI add uncertainty, but inf is proving more persistent than expected.

The ECB is considering a targeted review of bank loans to data centres to assess risks from AI‑related market sentiment and valuation swings, sources told Bloomberg. Officials have floated the idea internally and with supervised banks as rising rates and local opposition to data‑centre builds increase pressure on a rapidly expanding lending segment, the sources said. The exercise could include on‑site inspections focused on banks’ assessment of future cash flows, collateral values and provisioning for potential defaults. One source said the probe would be narrower than the ECB’s leveraged‑finance review several years ago; the ECB has not decided the exact scope or format. Global regulators are stepping up scrutiny of banks’ AI‑related exposures.