It's been a roller coaster ride in equity markets this week, coinciding with the release of the long-awaited US jobs report. We discuss why we see the US jobs report as mixed, but supportive of our forecast that the Fed will pause in December. All eyes will be on the UK budget and why the fiscal tightening will be modestly backloaded. In Asia, the focus is on Q3 GDP growth in India, and we deep-dive on South Korea to discuss the hawkish hold we expect from the Bank of Korea next week, as well as Korea's two supercycles.