【The US】
🔸 Powell Says Fed Not in a Hurry, Will Lower Rates “Over Time”. Federal Reserve Chair Jerome Powell said the central bank will lower interest rates “over time,” while again emphasizing that the overall US economy remains on solid footing. Powell also reiterated his confidence that inflation will continue moving toward the Fed’s 2% target, adding that economic conditions “set the table” for a further easing of price pressures. “Looking forward, if the economy evolves broadly as expected, policy will move over time toward a more neutral stance,” Powell said in a speech in Nashville at the annual meeting of the National Association for Business Economics. “But we are not on any preset course,” he said, noting that policy makers will continue to make decisions meeting by meeting based on incoming economic data. $CSOP USD Money Market Fund$
【Saudi Arabia】
🔸 Oil prices rise on escalating attacks in the Middle East. Oil prices rose on Wednesday on fears conflict in the Middle East could turn into a wider war and disrupt oil supply from the key producing region after Iran fired ballistic missiles at Israel.
【China】
🔸 Major domestic automakers shine in September.
$LI AUTO-W (02015.HK)$ delivered 53,709 new cars in September, setting a new record for monthly deliveries, up 48.9% year-on-year.
$XPENG-W (09868.HK)$ set a new monthly record with 21,352 deliveries in September, up 39% year-on-year and 52% month-on-month.
$NIO-SW (09866.HK)$ delivered 21,181 cars in September, up 35.4% year-on-year; it delivered 61,855 cars in the third quarter, setting a new quarterly record, up 11.6% year-on-year.
$XIAOMI-W (01810.HK)$ SU7 delivered over 10,000 units in September, with a target production and delivery volume of over 20,000 units in October.
【Japan】
🔸 Japan's incoming PM Ishiba calls for loose monetary policy. Japan's new prime minister, Shigeru Ishiba, said on Tuesday he hoped the central bank would maintain loose monetary policy "as a trend" as the government seeks to get the country fully out of the deflation that has weighed on it for most of the last three decades. Ishiba said his administration will carry over the economic policy of former Prime Minister Fumio Kishida, and "ensure Japan fully emerges from deflation."
🔸 $Tokyo Electron (8035.JP)$ to expand India team to fuel chipmaking ambitions. According to Bloomberg, Tokyo Electron plans to recruit and train local engineers in India to support the country's growing semiconductor industry. This initiative aligns with the Indian government's efforts to promote domestic chip manufacturing.
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