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SK Hynix (SKHY.O) shares rose 1.4% in after-hours trading in the US.
According to Japan's Yomiuri Shimbun, Japan and Germany are expected to reach an agreement on October 28 to establish a high-level dialogue mechanism on artificial intelligence.
1. Standard Chartered Bank: Expects a 25 basis point rate hike. New Zealand's current inflation level is 3.7%, higher than the 1% to 3% inflation target, and there is still a significant chance of further rate hikes. 2. Capital Economics: Expects a 25 basis point rate hike to address upside risks to inflation. The forecast for the final 25 basis point rate hike has been moved forward from March 2027 to December 2026. 3. TD Securities: Expects a 25 basis point rate hike due to a sharp deterioration in imported inflation and currency depreciation. The forecast for two 25 basis point rate hikes, one in December and one in February next year, has been maintained, and the terminal interest rate forecast has been revised upward from 3.25% to 3.50%. 4. ANZ Bank: Expects a 25 basis point rate hike, reaching 3.50% by March 2027. A weaker New Zealand dollar and rising oil prices have increased the upside risk of inflation, but interest rates should not be pushed above the neutral rate range without sufficient evidence. 5. ASB Bank New Zealand: Expects a 25 basis point rate hike and will maintain its inclination to conditionally tighten monetary policy further. It expects further 25 basis point rate hikes in December and February 2027, ultimately reaching 3.50%. 6. Bank of New Zealand: Expects a 25 basis point rate hike and signals the possibility of further rate hikes. Inflationary pressures have risen significantly since September, and the economic and price environment has changed. The Reserve Bank of New Zealand's peak interest rate is expected to be 3.75%. 7. Westpac: Expects a 25 basis point rate hike due to significant upside risks to inflation in the near term and to allow room for further rate increases. Further rate hikes are anticipated in December and February next year, bringing the rate to 3.5%. 8. ING: Expects a 25 basis point rate hike and will release a hawkish policy statement. The next rate hike is expected to occur in February 2027, rather than December, while not ruling out further hikes later in 2027. 9. Reserve Bank of New Zealand Shadow Committee: Most members recommended a 25 basis point rate hike, citing rising fuel costs and a weaker New Zealand dollar as factors that could further fuel inflation. However, several members favored allowing previous rate hikes more time to take effect on the economy. 10. A Reuters poll: 22 out of 27 economists expect the Reserve Bank of New Zealand (RBNZ) to raise interest rates by 25 basis points in October. 13 out of 23 economists expect the RBNZ's official cash rate to remain at 3.00% by the end of the year, but 9 expect it to rise to 3.25% in December.
Australia's S&P/ASX 200 index opened 29.80 points higher, or 0.34%, at 8879.90 on Wednesday, October 28.
According to the Financial Times, UK Chancellor of the Exchequer Healy will reverse his plan to cut limits on cash personal savings accounts. Healy will use Wednesday's budget to maintain the £20,000 annual tax-free limit for cash personal savings accounts, overturning the cuts proposed by former Chancellor Reeves.
Boeing (BA.N) has been awarded a $499.8 million contract amendment to provide engineering services and technical support for its Apache AH-64 helicopters.
Anthropic: Launches a special program to help U.S. government agencies at all levels optimize their use of Claude. Discounts on Claude products are now available to state, local, tribal, and territorial governments.
Anthropic is expanding its partnership with the U.S. General Services Administration (GSA) to offer a 40% discount on Claude products supplied to government agencies.
Renowned technology journalist Mark Gurman: Apple (AAPL.O) is betting that consumers are willing to pay a higher price for a MacBook Pro with a touchscreen.
Yemen Conflict: 1. Egyptian parliament approves aid to Saudi Arabia, potentially marking the first time in 35 years that troops have been deployed overseas. 2. Explosion reported at Saudi Riyadh airbase south of the border; sirens sound in several eastern areas. 3. According to Saudi media Hadas, Houthi rebels launched a ballistic missile from south of Sana'a. 4. Houthi rebels claim to have repelled an advance by Saudi forces in the Bab el-Mandeb Strait; they also attacked Saudi Abha airport with drones. 5. Jordanian minister: Monday's airstrikes in southern Syria targeted ISIS. The attacks on the group's strongholds have resulted in the deaths of more than 20 militants. Jordan will establish a joint committee with Syria following these attacks to expand counter-terrorism coordination. US-Iran Conflict: 1. Iran's Supreme Leader emphasizes fulfilling Iran's conditions to push for an end to the war. 2. Iranian President: Multilateralism is the way to counter unilateral US actions in the region. Strait Situation: 1. A fire broke out near Saudi Arabia's largest oil export hub after an attack; the fire is now under control. 2. US military refutes Iran's claim: It has not withdrawn from the Strait of Hormuz and remains on alert in the area. 3. Iranian Navy: An oil tanker illegally disabled its tracking system and attempted to cross a restricted danger zone in the eastern part of the Strait of Hormuz, was damaged by a mine and caught fire. Other situations: 1. The Chief of the General Staff of the Iranian Armed Forces inspected combat readiness. 2. Putin met with the Emir of Qatar to discuss the situation in the Middle East. 3. Putin held a bilateral meeting with Iranian President Pezechiyan to discuss the situation in the Middle East. 4. Iran spoke with the foreign ministers of Egypt and Jordan, emphasizing the need to maintain regional stability through diplomacy. 5. IAEA: No signs of repair have been seen at Iranian nuclear facilities, but the condition of nuclear materials remains unverified. 6. Iran plans to finalize a gas swap agreement with Russia via Azerbaijan, seeking to expand energy cooperation and investment. 7. According to Israeli media: The final voter turnout for this election was 77.7%. 8. Exit polls: Neither Netanyahu nor the opposition camp won a majority of seats in parliament. 9. Israeli opposition leader Gadi Eisenkot: Exit polls show that Israelis have rejected Netanyahu.
Brazilian President Lula: That's how the Bolsonaro family is. Brazil is their second homeland, and the United States is their first.
U.S. Treasury Secretary Bessenter: Since Trump took office, the U.S. private sector has added more than 1 million jobs, while the number of federal government employees has decreased by 328,000, falling to the lowest level since the 1960s.
Market news: Brazilian lawmaker Flavio Bolsonaro arrives in the United States.
U.S. State Department officials say visas will be issued to Flavio Bolsonaro, who lost the Brazilian presidential election, and his family, allowing them to enter the United States.
White House officials: The U.S. government has sold this batch of crude oil from Venezuela's state-owned oil company NABEP to Chevron's (CVX.N) CITGO Petroleum and ExxonMobil's (XOM.N).
US President Trump: Our country has never been more prosperous. You will see that very soon.
According to the Daily Telegraph, British Chancellor of the Exchequer Healy is preparing to cut household gas bills by £50.
The API crude oil production in the United States for the week ending October 23 was 47,000 barrels per day, compared to a decrease of 408,000 barrels per day in the previous week.
U.S. refined product imports for the week ending October 23 (API) were -379,000 barrels per day, compared to 329,000 barrels per day in the previous week.
U.S. crude oil imports for the week ending October 23 (API) fell by 137,000 barrels, compared to 69,000 barrels in the previous week.