Australia’s Treasury Wine flags US asset impairment, shares hit decade low

Airbus has announced a major recall affecting approximately 6,000 A320 jets due to a critical software vulnerability that could be compromised by intense solar radiation. This decision follows a recent incident involving a Jetblue aircraft that raised safety concerns about the A320 fleet's flight control data integrity.

Japan's capital expenditure (capex) rose by 2.9% in the third quarter, indicating robust domestic demand and a positive outlook for the economy. This increase suggests that businesses are investing in growth, reflecting confidence in future economic conditions.

Australia's ASX has experienced a significant outage that has disrupted corporate announcements and affected its website functionality, raising concerns among investors and market analysts. This incident highlights vulnerabilities in the trading infrastructure that could impact investor confidence.

The UK services sector has experienced a significant decline in optimism, marking the fastest drop in three years, according to the Confederation of British Industry (CBI). This downturn reflects growing concerns among businesses about the economic outlook and potential challenges ahead.

House prices in Australia have increased, but growth has slowed notably in major cities like Sydney and Melbourne, according to Cotality. This trend indicates a potential cooling in the housing market, which has seen significant fluctuations in recent years.

Silver prices have surged to a new record high, driven by persistent supply tightness and increasing expectations for an interest rate cut by the Federal Reserve in the United States this month. This rise reflects a significant demand for silver amid concerns over future supply constraints.

UK Labour leader Keir Starmer has outlined a growth mission following the recent budget announcement, which included a £26 billion tax increase aimed at stabilizing the economy. This budget, presented by Chancellor Rachel Reeves, has sparked significant debate regarding its implications for public spending and economic stability.

Asian stocks experienced fluctuations between gains and losses following modest increases in the US markets, as investors shifted their focus to upcoming economic data and an anticipated interest-rate cut by the Federal Reserve this month.