News

The Royal Institution of Chartered Surveyors (RICS) reports that housing demand remains weak; given the ongoing challenges to the macroeconomy, respondents expect sales to be even weaker over the next year.

The Royal Institution of Chartered Surveyors (RICS) reported that the UK's 12-month house sales outlook index fell to -17 in October, predicting the widest decline in sales since July 2023.

On Thursday, November 12, the NI225 index opened 139.28 points higher, or 0.23%, at 61,387.87.

The UK's three-month RICS house price index for October was -36, compared to a forecast of -34 and a revised previous reading of -34 (from -32.00).

Japan's purchases of foreign stocks in the week ending November 6 were -¥105.2 billion, compared to -¥643.9 billion in the previous week.

Foreign investors bought 1,371.1 billion yen in Japanese bonds in the week ending November 6, compared with 1,481.7 billion yen in the previous week.

Japan's corporate goods price index rose 0.7% month-on-month in October, below the expected 0.3% and the previous reading of -0.30%.

Japan's corporate goods price index rose 7.1% year-on-year in October, below the expected 6.50% and the previous reading of 6.80%.

Japan's purchases of foreign bonds in the week ending November 6 amounted to -¥537.6 billion, compared to ¥1.312 trillion in the previous week.

Foreign investors net outflowed 105.2 billion yen from Japanese stocks in the week ending November 6, compared with 1,129.3 billion yen in the previous week.

According to the Wall Street Journal, the U.S. House of Representatives is preparing for a new vote on issues related to Jeffrey Epstein.

Market news: Nvidia (NVDA.O) is working with external companies to find a potential new CEO.

According to CBS News: The Trump administration has been informed that Nvidia's (NVDA.O) board of directors is preparing to discuss removing CEO Jensen Huang in the near future.

Australia's S&P/ASX 200 index opened down 34.10 points, or 0.37%, at 9119.10 on Thursday, November 12.

A Jonestrading analyst commented on the Jensen Huang case, saying that if the allegations are substantiated in an independent investigation, it's natural to expect the board to remove him. This is standard corporate governance today. An SLC Management analyst stated that how Nvidia handles next week's earnings call will be closely watched. It's hard to imagine Huang stepping down, but equally hard to imagine him staying. I think the board will eventually be forced to remove him and establish a more traditional organizational structure. But this huge gap in judgment may be difficult to bridge with key customers.

A Reuters poll shows that more than 80% of Japanese companies expect wage increases in 2027 to be the same as in 2026.

According to NBC News: In a race for a Republican-held U.S. Senate seat in Mississippi, Democrat Scott Colom defeated incumbent Republican Representative Cindy Hyde-Smith.

Nasdaq futures fell more than 1%, dragged down by Nvidia's (NVDA.O) decline.

AMD (AMD.O) shares rose 3.5% in after-hours trading.

The Wall Street Journal reports that Nvidia's (NVDA.O) board is preparing to hold a meeting as early as today to decide on the future of CEO Jensen Huang.