Economic Outlook - The report analyzes how China's latest economic data will influence short-term policies [1] Bank Analysis - Mitsubishi UFJ Bank provides insights on the potential policy responses based on the economic data [1]

Corporate Developments and Analyst Insights - JPMorgan has reduced its price target for Netflix (NFLX) to $1,275, maintaining a neutral rating while balancing long-term optimism with cautious near-term outlook following stock rallies [2][10] - Jefferies has raised its price target for Intuitive Surgical (ISRG) to $560 from $550, following previous adjustments and citing tariff impacts on gross margins [3] - Piper Sandler has also increased its target for Intuitive Surgical to $595 from $575, driven by strong second-quarter performance and raised full-year procedure guidance [3] - Advent International is reportedly exploring a $2 billion sale of its Parfums De Marly business [4] Geopolitical and Policy Landscape - Efforts are ongoing to restore external power to Ukraine's Zaporizhzhia Nuclear Power Plant, with both Russian and Ukrainian forces cooperating to establish ceasefire zones for repairs, highlighting persistent safety risks [5][10] - Japan is set to unveil a new economic package focusing on counter-inflationary measures, growth investment, and national security, including potential tax cuts and expanded subsidies [6][10] - The U.S. pharmaceutical industry faces significant policy threats as a price probe raises the possibility of new drug tariffs, which could lead to higher domestic prices and potential drug shortages [7][10] - The UK Treasury is expected to address tax loopholes for online giants as part of broader efforts to tackle fiscal challenges [8] - Sweden's Prime Minister and Ukraine's President are scheduled for a joint visit, focusing on military aid and reconstruction as part of a bilateral security cooperation agreement [9] Market Performance and Trends - Global equity markets are showing signs of recovery, with Nasdaq futures gaining 0.11% and S&P 500 futures rising 0.18%, indicating a cautious recovery in equity markets [11][10] - The USD/JPY pair has stabilized at 151.835, influenced by the Bank of Japan's monetary policy and Japan's economic outlook [11][10] - Thailand's financial markets are experiencing inflows into bonds and stock funds, attributed to a weakening U.S. dollar and attractive valuations in Thai equities [12]

New Zealand’s central bank considered Hayley Gourley as a potential board member, and recommended that option to the government before she was appointed to the Monetary Policy Committee, according to documents https://t.co/cyHSdFAXuR ...

Market Overview - U.S. equity markets are experiencing a robust rally, with major indexes nearing record highs driven by easing banking sector concerns and a strong start to the third-quarter earnings season [1][2] - The S&P 500 is up approximately 1.0% to 1.1%, nearing its all-time high of around 6,730 points, contributing to a year-to-date return of approximately 14.47% [2] - The Dow Jones Industrial Average has increased between 0.8% and 1.1%, reaching levels around 46,560 [2] - The Nasdaq Composite is leading the surge with an advance of around 1.4% to 1.5%, achieving a notable year-to-date return of 16.9% [2] Sector Performance - The Philadelphia Semiconductor Index hit an all-time high, rising 2.2%, indicating strong investor confidence in the semiconductor industry [3] - The Information Technology and Communication Services sectors are key drivers of the market uplift, reflecting ongoing appetite for growth-oriented companies [4] - The S&P Energy index gained 0.3%, while industrials added almost 1%, showing positive movement across various sectors [5] Corporate Earnings and Events - A heavy week for corporate earnings reports is anticipated, with major companies like Coca-Cola, Tesla, and Procter & Gamble set to release quarterly results [6] - The delayed U.S. Consumer Price Index (CPI) for September is expected to be released this week, which could influence Federal Reserve monetary policy decisions [7] Notable Stock Movements - Apple shares surged approximately 4.3% to 4.5%, reaching an all-time high of $263.47, attributed to strong sales of the new iPhone 17 lineup [13] - Cleveland-Cliffs stock jumped 18% to 24% following announcements regarding potential rare earth findings [13] - Moderna shares rose approximately 7% after announcing positive data for influenza vaccine candidates [13] - Micron Technology shares increased 3.6% to a record high after Barclays raised its price target [13] - WeightWatchers surged 9.4% due to a partnership with Amazon for weight-loss drug delivery [13] - Conversely, Oracle stock fell an additional 5%, extending a nearly 7% decline from the previous Friday [13]

THE MOST IMPORTANT EVENT OF THIS WEEK 🚨On 24th October, US CPI data will be released despite the US government shutdown.The expectations for US CPI is 3.1%, while the previous data came at 2.9%.Why is this important?As we know, the Fed decides its monetary policy based on inflation and unemployment.The jobs market is already screwed and calling for more rate cuts.Also, the FOMC meeting is happening next week, which means the Fed will be closely watching the CPI data.If CPI comes lower than expected, expect ...

The SNB is about let investors judge if more transparency on Swis monetary policy leaves them any the wiser https://t.co/JThIEtrmxe ...

Summary of Key Points from the Conference Call Industry or Company Involved - The conference call primarily discusses the Federal Reserve's monetary policy and economic outlook in the United States, particularly focusing on employment and inflation risks. Core Points and Arguments 1. **End of Balance Sheet Runoff**: Chair Powell indicated that the Federal Reserve may end its balance sheet runoff in the "coming months," suggesting a shift in monetary policy strategy [2][4][5]. 2. **Downside Risks to Employment**: Powell emphasized that downside risks to employment have increased, which influenced the FOMC's decision to cut interest rates by 25 basis points last month [2][5][7]. 3. **Interest Rate Cuts**: The FOMC is expected to implement further interest rate cuts, with market pricing already reflecting expectations for two additional 25 basis point cuts this year [3][5]. 4. **Liquidity Conditions**: There are signs of tightening liquidity conditions, including a firming of repo rates, which the Committee is monitoring closely [5][7]. 5. **Economic Outlook**: Powell noted that while there was some positive data in the third quarter, the labor market appears less dynamic, with both layoffs and hiring remaining low [5][7]. 6. **Data Collection Issues**: The absence of official employment data due to delays could hinder the FOMC's decision-making process, particularly regarding the upcoming October meeting [7][8]. Other Important but Possibly Overlooked Content 1. **Use of Alternative Data**: The FOMC is considering alternative data sources to supplement the lack of official data, although these are not seen as a replacement for government data [7]. 2. **Cautious Approach**: Powell reiterated the Committee's cautious approach to avoid market strains similar to those experienced in September 2019 [5]. 3. **Impact of Government Shutdown**: The ongoing government shutdown may affect data collection for October, complicating the FOMC's ability to assess economic conditions accurately [7].

Market Performance - The U.S. stock market rebounded on October 17, 2025, with major indexes closing higher after a volatile week, indicating renewed investor confidence [1][2] - The S&P 500 Index rose by 0.5% to 6,664.01, the Dow Jones Industrial Average increased by 0.5% to 46,190.61, and the Nasdaq Composite Index climbed 0.5% to 22,679.98 [2] - The Nasdaq led the weekly performance with a 2.1% gain, followed by the S&P 500's 1.7% increase and the Dow's 1.6% rise [2] Economic Factors - Concerns over regional banks subsided, contributing to the market's recovery, with several regional bank stocks recovering losses [3] - President Trump's comments on tariffs being "not sustainable" alleviated trade-related anxieties, positively impacting market sentiment [3] - The CBOE Volatility Index (VIX) stabilized after a significant jump, indicating reduced market fear [3] Upcoming Economic Data - The September Consumer Price Index (CPI) report is anticipated to show a year-over-year inflation increase to 3.1%, the highest since May 2024, which will be crucial for investors and the Federal Reserve [4] - Additional economic data releases include S&P Global flash Purchasing Managers' Index (PMI) and existing home sales figures, amidst ongoing uncertainty from a federal government shutdown [5] Global Economic Indicators - Investors are closely monitoring China's third-quarter GDP figures and other economic data, with the Communist Party's Fourth Plenum expected to provide potential policy signals [6] - Flash PMI data will be released across various countries, offering insights into global economic health [6] Company-Specific Developments - American Express (AXP) shares surged 7.3% to an all-time high following a strong third-quarter earnings report with $18.43 billion in revenue, an 11% year-over-year increase [8] - Kenvue (KVUE) shares bounced back 8.4% after previous losses due to a lawsuit, while Gilead Sciences (GILD) shares rose 4% after a price target upgrade [9] - Several companies received significant stock movements after being among the first to receive FDA review vouchers, including Achieve Life Sciences (ACHV), Disc Medicine (IRON), and Revolution Medicines (RVMD) [10] Market Sentiment and Future Outlook - The positive trading session on October 17 provided a constructive close to a week marked by volatility, suggesting underlying market strength [14] - Upcoming earnings reports from major companies, including Tesla (TSLA) and Procter & Gamble (PG), are highly anticipated and may influence market direction [12]

Group 1: U.S.-China Trade Relations - President Trump indicated that a 100% tariff on China is "not sustainable," suggesting a potential easing of trade tensions ahead of an anticipated meeting with Chinese counterparts [2][7] - White House Economic Adviser Kevin Hassett acknowledged China's "little bit of leverage" but asserted that further retaliatory actions would ultimately hurt China more [2] Group 2: U.S. Economic Outlook - Kevin Hassett expressed confidence in sustained 4% U.S. economic growth, stating there is "no reason" it can't continue [2][7] - Hassett signaled that expected Federal Reserve rate cuts are just the beginning, indicating potential for further easing [2][7] Group 3: Corporate Earnings - State Street Corporation (STT) reported strong third-quarter 2025 earnings, with an adjusted EPS of $2.78, exceeding estimates of $2.66, on revenues of $3.55 billion, which also beat the $3.47 billion estimate [2][7] - The company's assets under management (AUM) reached $5.41 trillion, and it reported a credit loss provision of $9 million and a return on equity (ROE) of 13.4% [2] Group 4: Regulatory Developments - The UK's Competition and Markets Authority (CMA) is set to release Google (GOOGL) from its Privacy Sandbox commitments, a move that could reshape the digital advertising landscape [3][7] Group 5: Global Investment Trends - Abu Dhabi conglomerate IHC announced a massive expansion plan, committing to spend $36 billion every 18 months, underscoring the company's growth ambitions [4][7]

Governments can’t print money forever without consequences. ...