EUR/USD
1.11610
-0.110%
Gold
4005.13
-0.294%
Oil
101.253
0.703%
USD/JPY
157.783
0.188%
GBP/USD
1.33259
-0.117%
GBP/JPY
210.266
0.078%
Real-time News
Indias insurance regulator says it is discussing streamlining health insurance procedures with all stakeholders and expects to make progress in the next three to four months.The Federation of Thai Automotive Industries reports that Thai automakers have resumed production following the floods. Thailands automobile production fell 6.08% year-on-year in September, compared to a 10.93% increase in August.Morgan Stanley lowered its target price for HSBC Holdings (HSBA.L) from 1,837 pence to 1,653 pence.October 27th - The Bank of Japans measure of underlying inflation surged to its highest level in three years, well above its 2% target, providing support for further interest rate hikes. A report released by the Bank of Japan on Tuesday showed that consumer prices, excluding fresh food and special factors, rose 3.2% year-on-year in September, accelerating from 2.6% in the previous month. Prior to this data release, the Bank of Japan had already raised borrowing costs to 1.25% in September, the fastest tightening pace since 1990. The latest data is likely to reinforce market speculation about another rate hike in the near term. The market widely expects the Bank of Japan to keep its policy setting unchanged at its policy meeting on Friday, although many predict the bank may announce that underlying inflation has finally reached its 2% target. Recent data from Japan supports the Bank of Japans continued efforts to raise benchmark interest rates. Data earlier on Tuesday showed that service producer prices in Japan accelerated, partly due to the Middle East conflict.The main palladium futures contract fell by 2.00% during the day, currently trading at 242.30 yuan/gram.
