Morning five: inflation, exports, AI and the EU summit

US inflation accelerated to 3.7 percent. September's BLS figures also matter for the interest-rate and currency risks of Hungarian dollar savings. We explain the different comparison bases of annual and monthly rates.

Our Hungarian industry article now includes new export data. Foreign sales strengthened while domestic demand increased much more modestly. The original publication date and version history have been preserved.

AI use reached 18 percent in EU strategic sectors. The JRC's new analysis uses a business survey, not a Hungarian national estimate. The business question is the difference between using tools and embedding them in production.

Energy prices and the budget are on the EU summit agenda. The Brussels meeting takes place on 15–16 October. We distinguish the programme from decisions that have already been adopted.

Equity trading drove Morgan Stanley earnings. Yesterday's analysis uses two original data charts to explain the structure of bank revenues. It also examines dollar exposure and costs from a Hungarian investor's perspective.