According to a statement made by Deputy Governor at the Reserve Bank of Australia Michele Bullock, despite the unexpected choice made by the RBA this month to change rates by 0.25%, the main trajectory of policy rate in Australia has been steeper than in most other major economies.
The yen has moved closely to a highly watched level of 150 per dollar, keeping investors in alert for possible interventions aimed at supporting the Japanese currency. At the moment, the yen is roaming around the level of 149 per dollar.
Oil prices were flat Tuesday as the market weighed signs of a tightening crude supply amid growing fears that a global economic slowdown will reduce oil demand this year.
The start of sales of government bonds worth billions of pounds is likely to be postponed by the Bank of England for a longer period. According to the Financial Times, this measure is necessary in order to stabilize government bond markets after the failure of the British "mini-budget".
On Tuesday, Japan's Finance Minister Shunichi Suzuki warned that Japan would take appropriate and strong action against excessive currency fluctuations caused by currency speculators.
YouTube, the video service of Alphabet Inc, will provide advertisers with more opportunities to attract new customers: music listeners and podcast fans, as well as viewers on connected TVs.
On October 17, it was revealed that Moderna, an American biotech company, will provide the world's poorest countries with a new adapted version of the COVID-19 vaccine.
On Monday, Bank of America Corp (BofA) representatives announced that its quarterly profit decreased less than expected 9% in view of interest rate growth, which supported the bank’s interest income and compensated a decline in investment banking.
On Monday, the trading week gave way to a stock rally in the US market. It was affected by the revised UK economic plan. In addition to this, the Bank of America's strong earnings results lifted optimism about the corporate earnings season.
On Tuesday, Oct. 18, Netflix Inc. is expected to report for the third quarter of 2022. The company's subscriber growth forecast will be in the spotlight as the streaming leader launches a new ad-supported plan to compete with other industry giants.
