Gold Prices Rise Above $4,000 as Inflation Data and Weaker Dollar Boost Demand 
SpaceX Eyes Starlink Mobile Phone Service to Challenge Verizon, AT&T, and T-Mobile 
South Korea’s KOSPI Plunges as Apple Price Hikes and OpenAI IPO Delay Shake AI Chip Stocks 
Economic pessimism has set in – but there are reasons for Australians to be hopeful 
Oil Prices Rise as US-Iran Tensions Threaten Strait of Hormuz Oil Shipments 
US Dollar Slips After PCE Inflation Data Eases Fed Rate Hike Expectations 
S&P Affirms Brazil’s BB Credit Rating with Stable Outlook Amid Fiscal Challenges 
Wall Street Ends Mixed as Micron Surges, Apple Drops After Price Hikes 
China Expands Export Controls, Adds 20 Japanese Companies to Restricted List 
Japan Targets 1%+ Real Economic Growth With ¥370 Trillion Investment Plan 
Asian Currencies Trade Mixed as Yen Hovers Near 40-Year Low, Dollar Holds Firm on Fed Outlook 
Oil Prices Rebound as Strait of Hormuz Tensions Return After Ship Attack Near Oman 
Canada Grants C$7 Million to Greenland Molybdenum Mine to Strengthen Critical Minerals Supply 
Morgan Stanley Sees Chinese Auto Market Recovery Gaining Momentum in Late Summer 
China Factory PMI Seen Returning to Growth in June as AI Export Demand Supports Economy 
Iran Attack in Strait of Hormuz Pushes Oil Prices Higher 
Last week, the US Dollar performed strongly in the currency markets, with the Dollar Index and 10-year Treasury yields rising above key resistance levels. As the US election approaches, there are expectations that a potential Trump victory could boost the Dollar and inflation concerns.
In September, US durable goods orders decreased by 0.8%, better than the expected drop of 0.9%, mainly due to a decline in transportation equipment. However, orders excluding transportation rose by 0.4%, indicating positive trends.
In Japan, recent snap elections led the Yen to fall to a three-month low against the US Dollar due to political instability. Speculation surrounds potential delays in interest rate hikes, influenced by a weakened ruling coalition.
Next week will be busy, with key earnings reports from major tech companies and important US jobs data, which could affect interest rates and stock market performance. The earnings dates for the "magnificent 7" companies are as follows:
- Alphabet (GOOGL): October 29
- Meta Platforms (META): October 30.
- Microsoft (MSFT): October 30.
- Amazon (AMZN): October 31.
- Apple (AAPL): October 31.
