Asian Stocks Slip as AI Chip Valuation Fears, Rising Oil Prices Weigh on Markets 
Oil and LNG Tankers Turn Back as Strait of Hormuz Security Risks Escalate 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Iran Targets U.S. Bases in Bahrain, Kuwait as Hormuz Conflict Escalates and Oil Prices Jump 
Chinese Chip Stocks Jump as Apple Reportedly Tests CXMT Memory Chips for China Devices 
RBNZ Raises Interest Rates to 2.50%, Signals More Tightening as Inflation Risks Persist 
Asia Stocks Fall as Samsung Earnings Fail to Ease AI Valuation Concerns 
Gold Price Rebounds as U.S.-Iran Tensions and Fed Minutes Keep Markets on Edge 
Cuba Power Outage Sparks Havana Protests as Fuel Crisis Deepens 
Japan Regional Bank Stocks Drop After Zentoshin Bankruptcy Sparks Credit Risk Concerns 
It’s Monday and as usual, not many economic dockets scheduled for today and all with low to medium volatility risks associated.
Data released so far:
- Japan: Nikkei manufacturing PMI for October came at 51.7, a rise from 50.4 prior.
Upcoming:
- Japan: Leading economic index and co-incident index will be published at 5:00 GMT.
- France: Markit manufacturing and services PMI will be reported at 7:00 GMT.
- Germany: Markit manufacturing and services PMI will be reported at 7:30 GMT. Bundesbank will release its monthly report at 10:00 GMT.
- Italy: Trade balance report for September will be published at 8:00 GMT.
- Eurozone: Markit manufacturing and services PMI will be reported at 8:00 GMT.
- United Kingdom: CBI industrial trade survey report will be published at 10:00 GMT.
- Canada: Wholesale sales report for August will be published at 12:30 GMT.
- United States: Fed’s Tarullo is scheduled to speak at 13:05 GMT, along with William Dudley. Fed’s Evans is scheduled to speak at 17:30 GMT, followed by Jerome Powell at 18:00 GMT.
- Switzerland: SNB chairman Jordon is scheduled to speak at 15:15 GMT.
