Emerging-market assets faced a rocky October, marked by increased volatility. Rising global yields and a stronger dollar pressured these markets as investors quickly adjusted their risk assessments ahead of the upcoming US election.
The yen strengthened against the dollar, rising up to 1% as investors reacted to comments from Bank of Japan Governor Kazuo Ueda. He indicated that interest rates could be increased in the coming months, boosting confidence in the currency.
Wall Street traders were looking for a clear direction on stocks after Thursday's selloff, but late trading offered no clarity. Earnings reports from two major tech companies came in mixed, leaving investors uncertain about the market's next move. As a result, stocks struggled to find a steady path forward.
Toyota Motor Corp. is facing tough times in Japan and China, grappling with fierce competition from electric vehicle brands. The company is also dealing with domestic issues, including scandals and recalls overseas. Despite these challenges, Toyota is enjoying strong demand for its hybrid vehicles in North America.
Korea Zinc Co. shares fell 30% on Wednesday, losing $7 billion in market value. This drop came after the company's chairman announced plans for a heavily discounted share issue, surprising investors and adding another chapter to the ongoing battle for control over the company.
Oil prices stabilized today after two days of decline, as hopes grow for a reduction in hostilities in the Middle East. The market is now focusing on global supply balances and the production outlook from OPEC+.
Stocks in Asia fell today as traders prepared for increased volatility with next week’s US election and the Federal Reserve's rate decision looming.
Investment firm Arctos Partners is reportedly in negotiations to buy a minority stake in the Buffalo Bills of the NFL, according to sources familiar with the situation.
Goldman Sachs Group Inc. has assessed that global investors are overestimating the risks of financial market instability following the upcoming U.S. presidential election. They believe concerns about uncertainty due to the lack of a clear winner are exaggerated.
Visa Inc., the world's largest payment network, reported a strong fiscal fourth-quarter profit that surpassed Wall Street expectations. The rise in cross-border transactions drove this growth, highlighting a robust recovery in global spending.
