Subdued Philippine inflation leaves door open for December rate cut

Stocks have taken a significant hit as fears over stretched valuations continue to grip the markets. Investors are increasingly concerned about the sustainability of current prices amid economic uncertainties.

Wall Street is bracing for changes under Mamdani's leadership, with growing concerns about New York City's ability to remain competitive. As the financial landscape evolves, many are questioning how these shifts will impact the economy and the city's status as a financial hub.

As the government shutdown looms, Trump officials are warning that the situation could worsen, leading to increased pain for many Americans. The uncertainty surrounding the shutdown raises concerns about its impact on the economy and public services.

Markets are adapting to the new phase of Trump, often referred to as Trump 2.0, and assets are performing strongly. However, it's important to keep an eye on inflation as it could impact future growth.

The Asian foreign exchange market is experiencing weakness as expectations for a December rate cut diminish. However, the Japanese yen is finding support following the release of hawkish minutes from the Bank of Japan, indicating a more cautious approach to monetary policy.

Typhoon Kalmaegi has tragically claimed the lives of 59 people in the Philippines and displaced nearly half a million others as it moves toward Vietnam.

New Zealand's unemployment rate has climbed to 5.3% in the third quarter, marking the highest level since 2016. This increase underscores the ongoing challenges facing the economy.

CNH Industrial has announced a significant investment of $5 billion in US manufacturing and research. This move is expected to boost local economies and create numerous job opportunities, reflecting the company's commitment to innovation and growth in the region.

Naver has announced record earnings for the third quarter, driven by significant growth in its AI initiatives. This impressive performance highlights the company's successful strategy in leveraging artificial intelligence to enhance its services and boost revenue.

Gold prices have seen a rebound as investors adopt a risk-off approach in the markets, with many looking ahead to the upcoming US payroll data for further insights.

In a dramatic turn of events, New York City's elite have unleashed a barrage of tactics against Zohran Mamdani's mayoral campaign, employing money, insults, and even scare tactics to thwart his ambitions. The atmosphere is tense as fears of a 'Hot Commie Summer' loom over Wall Street.

The article discusses five key areas where debt is becoming a significant concern in the rapidly growing AI data centre sector. It highlights the challenges and risks associated with financing these facilities, as well as the potential impact on the industry.

China is looking to issue a $4 billion bond, with orders exceeding $65 billion, indicating strong investor interest and confidence in the market.

Toyota has raised its full-year operating profit outlook, thanks to increased volumes and effective cost-reduction efforts. This positive adjustment reflects the company's strong performance and strategic initiatives.