Other news

U.S. consumers confidence improved for the second consecutive month. The fall in gas prices and hopes that inflationary pressure might be starting to ease positively influenced the spirit of the citizens.

The fall in Asian stock markets resumed on Wednesday, as hawkish comments from Federal Reserve officials undermined risk appetite.

According to an announcement made by the CEO of UK retail bank Chase, a well-known Wall Street giant, JPMorgan, is planning to increase the number of the bank’s employees at least up to 2000 workers during two years.

The Conference Board found that 12-month average inflation expectations fell to 6.8% in September from 7% in August.

Australia reported a significant improvement in fiscal year 2022 budget results. Rising commodity prices have brought windfall gains to government coffers while the deficit was A$32 billion ($21 billion), i.e. 1.4% of GDP.

Intel Corporation, aiming to restore its position in the microcircuit industry, presented new processors for personal computers.

16 financial companies, including Barclays, Bank of America, Citigroup, Credit Suisse, Goldman Sachs, Morgan Stanley and UBS, were fined Tuesday by U.S. regulators. The firms have to pay a total of $1.8 billion in fines after it turned out that employees discussed company business on personal mobile phones.

The strong U.S. dollar has been “devastating” to other countries of the world, and this might affect the country’s competitiveness and economic activities later, which can cause the Fed to stray from its restrictive monetary policy course. This point of view was voiced by Cathie Wood, Chief executive officer and founder of Ark Investment Management.

LiveWire Group, acting as the electric motorcycle unit separated by Harley-Davidson Inc., attracted less funds than expected and was valued below forecasts as a result of a weak trading debut.

August marked the eighth consecutive month of rising retail sales in Australia, indicating that the country's households are coping well with rapidly raising interest rates to fight rising inflation.