News

Hong Kong stocks opened, with the Hang Seng Index opening up 1.08% and the Stock Exchange Index opening up 1.31%. Xuanzhu Bio-B (02575.HK) opened up 153.97% on its first day of listing.

The 5-year Japanese government bond yield rose 1 basis point to 1.195%.

Citi Research, a research arm of Citigroup, raised its three-month target prices for platinum and palladium to $1,550 and $1,350 respectively, citing a rebound in gold prices and large inflows ahead of the deadline for U.S. investigations into critical minerals.

Conway, chief economist of the Reserve Bank of New Zealand: is willing to further reduce the official cash rate (OCR) if necessary. Let's see how the data develops in the coming weeks and months.

Conway, Chief Economist of the Reserve Bank of New Zealand: The New Zealand Institute of Economic Research (NZIER) survey consolidates our thinking on policy.

Conway, chief economist of the Reserve Bank of New Zealand: Inflation is at the top of the range and is a bit nervous. Excess production gives us confidence that inflation will fall.

Conway, chief economist of the Reserve Bank of New Zealand: Cutting interest rates by 50 basis points is a very balanced decision.

TD Securities now expects the Reserve Bank of New Zealand to cut its benchmark interest rate by 25 basis points in November, with the terminal interest rate at 2.25%.

European Stoxx 50 futures rose 0.83%, Germany's DAX futures rose 0.27%, and Britain's FTSE futures rose 0.33%.

RBA Assistant Chairman Hunter: Trade uncertainty is dragging down the global economic outlook.

Hunter, Assistant Chairman of the Reserve Bank of Australia: The U.S. trade policy situation is unpredictable and full of challenges.

RBA Assistant Chairman Hunter: The housing market responded positively to the policy, which is not surprising.

RBA Assistant Chairman Hunter: Consumer momentum is expected to slow slightly in the third quarter.

RBA Assistant Chairman Hunter: Consumption data are being affected by seasonal changes.

RBA Assistant Chairman Hunter: Neutral interest rate is not the ultimate goal of policy.

RBA Assistant Chairman Hunter: The neutral interest rate forecast range is extremely wide.

Hunter, Assistant Chairman of the Reserve Bank of Australia: The policy focuses on the next one to two years and is forward-looking.

The U.S. Army plans to use small nuclear reactors to power bases.

Australia's September Western Pacific Leading Indicator monthly rate was -0.03%, the previous value was -0.04%.

Conway, chief economist of the Reserve Bank of New Zealand: Lower interest rates will drive residential investment.