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San Francisco Fed President Mary Daly said she supported last week’s rate cut and will approach the December meeting with “an open mind”. She believed it was “appropriate to take another bit off the policy rate,” while emphasizing that the central bank must now gauge whether the 50 basis points of easing delivered this year […]

The post Fed’s Daly keeps open mind on December, sees labor market still stable appeared first on Action Forex.

San Francisco Fed President Mary Daly said she supported last week’s rate cut and will approach the December meeting with “an open mind”. She believed it was “appropriate to take another bit off the policy rate,” while emphasizing that the central bank must now gauge whether the 50 basis points of easing delivered this year […]

The post Fed’s Daly keeps open mind on December, sees labor market still stable appeared first on Action Forex.

Standard Chartered remains constructive on global equities, saying the balance of forces still favours further gains into year-end despite concerns over high valuations and signs of softening in the U.S. labour market.

In a market note, the bank said it sees “tension between the positive force” of U.S. Federal Reserve rate cuts and earnings growth, and the “negative force” of valuation anxiety and slowing employment:

• We remain positive
• While optimistic investor positioning means the journey from today to year-end may be more volatile than earlier this year, we continue to expect the direction to be positive.

Standard Chartered cited

• strong earnings growth,
• positive revisions,
• and further Fed rate cuts as key supports,

noting that both its short-term and long-term quantitative models remain bullish for global equities. The long-term stock-bond model remains “unambiguously bullish,” helped by improved valuations, solid market breadth, and supportive fundamentals.

Regionally, the bank remains overweight on U.S. equities, driven by robust corporate profits and growth momentum, and overweight on Asia ex-Japan, supported by policy easing and a weaker dollar. It said it prefers equities to credit, arguing that in an environment of elevated valuations, “the relatively less constrained upside potential in equities” offers better risk-adjusted returns.

Standard Chartered said trade tensions and central bank policy shifts remain key risks but maintained that the medium-term backdrop for global equities remains favourable.

This article was written by Eamonn Sheridan at investinglive.com.

Standard Chartered remains constructive on global equities, saying the balance of forces still favours further gains into year-end despite concerns over high valuations and signs of softening in the U.S. labour market.

In a market note, the bank said it sees “tension between the positive force” of U.S. Federal Reserve rate cuts and earnings growth, and the “negative force” of valuation anxiety and slowing employment:

• We remain positive
• While optimistic investor positioning means the journey from today to year-end may be more volatile than earlier this year, we continue to expect the direction to be positive.

Standard Chartered cited

• strong earnings growth,
• positive revisions,
• and further Fed rate cuts as key supports,

noting that both its short-term and long-term quantitative models remain bullish for global equities. The long-term stock-bond model remains “unambiguously bullish,” helped by improved valuations, solid market breadth, and supportive fundamentals.

Regionally, the bank remains overweight on U.S. equities, driven by robust corporate profits and growth momentum, and overweight on Asia ex-Japan, supported by policy easing and a weaker dollar. It said it prefers equities to credit, arguing that in an environment of elevated valuations, “the relatively less constrained upside potential in equities” offers better risk-adjusted returns.

Standard Chartered said trade tensions and central bank policy shifts remain key risks but maintained that the medium-term backdrop for global equities remains favourable.

This article was written by Eamonn Sheridan at investinglive.com.

EURGBP: ⬇️ Sell EURGBP reversed from resistance zone Likely to fall to support level 0.8750 EURGBP currency pair recently reversed from the resistance zone between the resistance level 0.8800, resistance trendline of the daily up channel from September and the upper daily Bollinger Band. The downward reversal from resistance level 0.8800 created the daily Japanese […]

The post EURGBP Wave Analysis appeared first on Action Forex.

China’s push into next-generation transport took a leap forward on Monday as the world’s first flying car factory began trial production in Guangzhou, southern Guangdong Province.

China’s People’s Daily with the info.

The 120,000-square-metre facility — billed as the largest of its kind — will produce detachable electric aircraft modules for modular flying cars. It has an initial capacity of 5,000 units a year, scalable to 10,000, and will eventually be able to assemble one aircraft every 30 minutes once fully operational.

The project underscores China’s ambition to lead the emerging aerial mobility sector, blending automotive and aviation technology to meet future urban transport demand.

This article was written by Eamonn Sheridan at investinglive.com.

Australian Dollar (AUD) declines against the US Dollar (USD) on Tuesday, continuing its losing streak for the fifth successive session. The AUD/USD pair remains subdued ahead of the November interest rate decision by the Reserve Bank of Australia (RBA) due later in the day.

China is offering massive power subsidies to major tech firms including ByteDance, Alibaba and Tencent in a bid to accelerate the adoption of homegrown artificial-intelligence chips and reduce reliance on U.S. technology.

According to people familiar with the policy, local governments in Gansu, Guizhou and Inner Mongolia have expanded subsidies covering up to 50% of electricity costs for data centres that use domestically produced AI processors, such as those developed by Huawei and Cambricon. The incentives exclude facilities still using Nvidia’s advanced chips, which remain under U.S. export restrictions.

The move is part of Beijing’s broader push to strengthen its semiconductor ecosystem and shield its tech sector from Washington’s export controls. China banned the purchase of Nvidia’s AI chips earlier this year, forcing companies to turn to less energy-efficient domestic alternatives — a shift that sharply increased power costs.

Sources said some of the new cash and electricity subsidies are large enough to offset an entire year of operating expenses, providing critical relief after months of complaints from industry players about the financial burden of using local chips.

Analysts say the measure underscores Beijing’s determination to make domestic AI hardware viable at scale and support its long-term goal of technological self-sufficiency, even as firms grapple with performance gaps versus foreign products.

—

The subsidies highlight Beijing’s push to localise AI infrastructure and strengthen domestic chipmakers like Huawei and Cambricon. The move may boost Chinese semiconductor equities while signalling intensified U.S.–China competition in advanced computing.

This article was written by Eamonn Sheridan at investinglive.com.

Japanese Prime Minister Sanae Takaichi reaffirmed her government’s commitment to boost tax revenue without raising tax rates, saying the focus will be on expanding the economy’s capacity and strengthening its supply structure to sustain growth.

Takaichi said her administration aims to achieve higher fiscal revenues through economic expansion, improved productivity, and a more resilient industrial base, rather than through additional burdens on households or businesses.

She added that Japan’s broader growth strategy will emphasise investment in infrastructure and public services, underpinned by policies to stimulate domestic demand and enhance competitiveness.

Said she aims to complie growth strateiges by next summer.

Takaichi’s remarks align with her pro-growth agenda, balancing fiscal discipline with efforts to revitalise Japan’s economy through innovation, digitalisation, and supply-chain reform.

—

Takaichi’s comments reinforce her pro-growth stance and signal continuity in Japan’s fiscal approach, focusing on productivity and supply-side investment. The pledge could support confidence in equities and infrastructure-related sectors while calming tax-policy concerns.

Negative for yen.

This article was written by Eamonn Sheridan at investinglive.com.