Asia shares bend under AI stress; Apple earnings loom
Asia shares bend under AI stress; Apple earnings loom
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Asia shares bend under AI stress; Apple earnings loom
The benefit itself is modest in scale, but it sits alongside a proposed two-year cut to the consumption tax on food, which keeps Japan’s fiscal trajectory in focus for bond investors. Any sign that the combined package grows beyond the reference figures could add to upward pressure on long-dated Japanese government bond yields and weigh on the yen, given persistent market sensitivity to Tokyo’s…
U.S. stock futures edge high after bruising Oct; earnings, elections in focus
A month ago, a series of news reports said oil flows out of Hormuz had recovered to pre-war levels, pushing oil prices lower. However, the rout did not last. Benchmarks are set for their fourth monthly gain in a row, and no amount of repeating that Gulf states are exporting even more oil than before the war can change that. Because barrels are not the whole story. “What is the price of oil? Eight…
The exchange says withdrawals surged after some services resumed but have since slowed, with the outflows representing a fraction of its roughly $171 billion in customer assets.
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Binance has reopened withdrawals following the world’s biggest ever hack, and THORChain co-founder argues it should not halt the protocol to comply with FBI demands.
The change doesn’t alter exchange hours, but it does shift when global liquidity overlaps. Asia-Pacific desks now see US cash trading start and finish an hour later on their clocks, which narrows the gap between the Wall Street close and the Asian open and changes when US-driven moves first reach Asian markets. For Europe, the London and New York overlap returns to its normal winter shape after a…
Australian home prices fall for seventh month, looming rate hike adds to pain
The delay adds to a run of setbacks that point to rising execution risk across Australia’s (and global) data centre sector, where permitting, energy supply and community opposition are all lengthening timelines. Listed developers and landlords such as NextDC and Goodman have already pulled back or delayed projects this year, and a regulatory hold on a project in one of the country’s most sparsely…
The survey has an uncomfortable mix for policymakers: demand and output are contracting, but input costs and selling prices are rising faster. Firms cited higher interest rates among the reasons for weaker orders, while the pricing data suggest inflation pressure in the goods sector is building rather than fading, which complicates any case for policy relief. The Middle East war is feeding…
Taken at face value, a thaw in US-Canada trade relations would support the Canadian dollar and trade-exposed Canadian equities, which have carried the cost of months of tit-for-tat tariffs. Markets are likely to discount the headline until there is text to read, though, because neither side has said what tariffs would change or when. The timing, two days before midterms in which tariffs on Canada…
China’s private-sector manufacturing PMI is due at 01:45 GMT on Monday (20:45 US Eastern on Sunday), with economists expecting factory activity to keep growing in October, though at a slower pace than in September. The RatingDog China General Manufacturing PMI, compiled by S&P Global, is forecast to ease to 51.6 from 52.1, according to a Reuters poll. That would still leave the index comfortably…
Trump says US, Canada have ’concept’ of a new trade deal
Exclusive-Australian outback data centre pulls timeline after regulator stalls
Australian lender Westpac’s full-year profit ticks higher
Because the data came out on a Saturday, Monday’s Asian session is the first chance for markets to price the miss. Softer Chinese factory demand is usually a headwind for industrial metals such as copper and iron ore, and for China-sensitive currencies including the yuan and the Australian dollar. Chinese equities may be partly cushioned by expectations of more policy support. For oil, a weaker…
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