News

UBS: Investor sentiment remains cautious amid heightened macroeconomic volatility, geopolitical tensions, and political uncertainty (including in the United States).

U.S. Defense Secretary Hergsays: We are determined to achieve peace through strength.

U.S. Defense Secretary Hergsays: This framework will guide our cooperation for years to come.

U.S. Defense Secretary Hergsays: Committed to advancing the framework for U.S.-ASEAN defense cooperation.

According to the Financial Times, the Bank of England is expected to launch a short-term precautionary monetary tightening policy in November.

U.S. Defense Secretary Hergsay: (to the ASEAN defense ministers) expressed his willingness to support pragmatic cooperation on clear and overlapping common interests.

U.S. Defense Secretary Hergsay: (To the ASEAN defense ministers) We are ready to work with you, respecting your own circumstances and priorities.

Citigroup estimates that if the situation escalates but the liquefaction facilities remain unattacked, the price of the Dutch TTF natural gas futures portfolio in the winter of 2026-2027 will be around €85/MWh (about US$28/MMBtu); if the liquefaction facilities are attacked, the price could reach around €154/MWh (about US$48/MMBtu).

Kyushu Electric Power of Japan: It will purchase 12 LNG shipments annually from its LNG expansion project in Canada.

Australia's S&P/ASX 200 index closed down 1.60 points, or 0.02%, at 8848.50 on Wednesday, October 28.

Standard Chartered (02888.HK) shares rose nearly 5% in the afternoon, with third-quarter pre-tax profit increasing by 29% year-on-year to US$2.3 billion.

1. How will he explain "why not raise rates immediately"? If the Fed pauses rate hikes this time, but Warsh continues to emphasize that inflation is not yet under control, the market may interpret this pause as a timing choice, rather than the end of the rate hike cycle. 2. Did he hint at the threshold for a December rate hike? Don't just look at whether he mentions December, but look at how he describes the speed of the decline in inflation, the duration of the energy price shock, and what conditions need to be met before policy adjustments are made. 3. Can he clearly explain the Fed's response mechanism? This is the most important signal. Even if Warsh refuses to commit to the next interest rate action, as long as he clearly explains which data will change policy judgments, the market can still form evidence-based expectations. Conversely, vague answers may amplify volatility. What is worth noting is not that Warsh is unwilling to predict the future, but that if he neither predicts the future nor clearly explains how the Fed will respond to the future...

Local authorities say Ukrainian drone attacks damaged industrial infrastructure in the Russian city of Novomoskovsk.

US President Trump: A meeting on nuclear disarmament will be held during his trip to Asia.

US President Trump: Significant progress is being made on the Ukraine issue, and I hope to meet with Putin and Zelensky soon.

US President Trump: I would have approved Flavio Bolsonaro's visit to the United States.

The yield on Japan's 2-year government bonds rose 2.0 basis points to 1.895%. The yield on Japan's 5-year government bonds rose 3.5 basis points to 2.265%.

JPMorgan Chase lowered its price target for Boeing (BA.N) from $290 to $240.

1. Federal Reserve's Williams stated that there is no need to rush into action and that more data can be waited for; however, if the economy performs as he predicts, further rate hikes before the end of the year may be appropriate. This reflects a "short-term patience, with the possibility of a rate hike by the end of the year." (September 29) 2. Federal Reserve Governor Barr believes that economic growth is robust, the labor market remains resilient, and inflation is still too high, supporting further control of inflation. (September 29) 3. Federal Reserve Governor Jefferson believes that economic activity and employment are generally robust, and inflation is above target; he emphasizes a comprehensive assessment of economic data, prospects, and risks, rather than making decisions based on a single indicator. (October 1) 4. Federal Reserve's Logan believes that a cumulative 50 basis point rate hike may ultimately be needed, but did not specify a concrete timeframe for action. (October 1) 5. Federal Reserve's Kashkari predicts that one more rate hike may be needed this year, and whether it will continue next year depends on inflation and economic resilience. (October 1) 6. Federal Reserve Governor Waller believes that inflation is still too high, and tariffs, energy prices, and demand pressures continue to pose inflation risks; he supports a September rate hike and emphasizes that the decision is based on evidence accumulated over several months, not just single-month data. (October 8) 7. Federal Reserve Chairman Warsh refused to give any advance indication of whether there would be a rate hike in October. He clearly stated that he would not prejudge the outcome of the meeting, nor did he believe that he should announce in advance what actions he might take at the remaining meetings this year. (October 16)

The yield on Japan's 5-year government bonds rose 3.0 basis points to 2.260%.