Newsflash

A spokesperson for the Gaza Ministry of Health stated: "The Israeli war has resulted in the destruction of most hospitals in the Gaza Strip. Our medical teams are working under extremely difficult conditions, with severe shortages of medicines and equipment."

Major European stock indices fell, with Germany's DAX index down 1%, the Euro Stoxx 50 and Italy's FTSE MIB indices both down more than 1%, the UK's FTSE 100 down 0.35%, and France's CAC 40 down 0.74%.

European Commission President Ursula von der Leyen: Europe is stepping up its efforts to protect Ukraine, and other countries must also increase their support.

European Commission President Ursula von der Leyen: Russia is implementing a deliberate strategy of terror.

Turkish President Erdogan: No one should doubt that we will take the necessary political and administrative measures.

Turkish President Erdogan: (Regarding the political relationship of the fund crisis) Our people should not lose their trust in us and should not believe the dark propaganda.

Spot palladium prices fell nearly 3% to $1,136.10 per ounce.

ECB Governing Council member Dorenz: Current interest rates provide flexibility for future decision-making.

Spot gold fell 1% on the day, currently trading at $4,122.03 per ounce.

Turkish President Erdogan: Relevant agencies are taking necessary measures to address the financial crisis.

The Bank of England: The first update will be made on July 1, 2031, and thereafter every five years.

The Bank of England: The Prudential Regulation Authority (PRA) has proposed that 128 thresholds for banks, insurance companies, and credit unions be automatically adjusted upwards along with nominal gross domestic product (GDP).

The German Foreign Trade Association has raised its export growth forecast for 2026 to 1%.

Spot palladium fell 2.00% on the day, currently trading at $1143.68 per ounce.

[Bank of Japan Official Signals Rate Hike, Yen Strengthens but Gains Limited] The yen strengthened slightly on Wednesday, with the dollar/yen pair retreating from a two-week high of 158.51 to around 158. Market expectations for further monetary tightening by the Bank of Japan (BOJ) rose after hawkish comments from BOJ official Ayano Sato. However, the overall strength of the dollar and rising oil prices limited the yen's gains. Sato, previously a dovish figure and one of the two members who opposed a rate hike in September, surprised the market by signaling support for further tightening in an interview with Kyodo News on Wednesday. She expressed support for the BOJ's "gradual adjustment" of monetary policy and believed that rate hikes "would help achieve sustainable economic growth." These comments initially boosted the yen, but the dollar/yen pair's decline has been relatively limited. Investors remain reluctant to sell the dollar heavily ahead of the latest Federal Reserve monetary policy meeting results, while rising oil prices are also putting pressure on oil-importing countries like Japan.

The World Health Organization has requested more information from Russian authorities to determine the cause of the severe pneumonia and the pathogen that triggered public health measures.

Singapore's foreign exchange reserves stood at US$433.4 billion in September, compared with US$432.97 billion in the previous month.

According to RIA Novosti, US Secretary of State Marco Rubio stated that European countries should bear a larger proportion of the defense spending for the European continent.

The State Bank of Vietnam: Inflation is higher than the target, but still within a controllable range.

UAE Ministry of Foreign Affairs: The UAE strongly condemns the Houthi rebels' continued attacks on Saudi civilian facilities and vessels.