’Slow’ EU to unveil plan for cutting raw materials’ reliance on China

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.

Chinese stocks have demonstrated resilience despite the financial troubles faced by Vanke, once the largest property developer in the country, indicating a shift in market dynamics where technology has emerged as the primary driver of stock performance.

Australia's Treasury Wine has announced a potential impairment of its U.S. assets, leading to a significant drop in its share price, which has now reached a decade low. This development highlights ongoing challenges faced by the company in the U.S. market, raising concerns among investors about its financial health.

China's third-quarter earnings have fallen short of expectations, raising concerns about President Xi Jinping's efforts to combat deflation and stabilize the economy. Despite initiatives aimed at curbing price wars, the results have not provided the necessary boost to investor confidence, leading to a continued decline in Chinese stock prices for a second consecutive month.

Russia is preparing for its inaugural sale of yuan-denominated sovereign bonds, marking a significant step in bolstering China's ambitions to elevate the global status of its currency. This move is expected to enhance financial ties between Russia and China, reflecting a growing reliance on the yuan in international trade.