News

Japan JP Foreign Reserves dipped from previous $1324.2B to $1B in September

Overnight, shares of AMD skyrocketed almost 24% after it announced a deal with OpenAI, which could see the latter take a 10% stake in the chipmaker.

Australia Westpac Consumer Confidence rose from previous -3.1% to 92.1% in October

Japan Overall Household Spending (YoY) above expectations (1.2%) in August: Actual (2.3%)

The USD/JPY pair edges higher to near 150.35, the highest since August 1, during the early Asian session on Tuesday. The Japanese Yen (JPY) weakens against the US Dollar (USD) on political stability concerns after Japan’s ruling Liberal Democratic Party (LDP) elected a new leader.

CNBC’s Jim Cramer on Monday explained why he’s bullish on Take-Two Interactive.

The New Zealand Dollar advances on Monday and trades near its daily close at around 0.5840 as Tuesday’s Asian session begins. Yesterday, the pair gained 0.20% but key resistance lies overhead with the 200-day Simple Moving Average (SMA) at 0.5848.

EUR/USD retreats during the North American session sponsored by political turmoil in France and US Dollar strength, amid the sixth day of government shutdown in the US. The pair trades at 1.1714, down 0.24%.

The President of the Kansas City Federal Reserve Bank Jeffrey Schmid crossed the newswires on October 6. He delivered hawkish remarks, saying that the Fed must maintain its inflation credibility and stressed that inflation is too high. He added that monetary policy is appropriately calibrated.

Nike has been executing a turnaround under CEO Elliott Hill, who told CNBC it will take “a while” for the company to return to profitable growth.