EUR/USD
1.15121
-0.055%
Gold
3970.71
-0.764%
Oil
60.674
-0.250%
USD/JPY
153.748
-0.293%
GBP/USD
1.31197
-0.142%
GBP/JPY
201.718
-0.428%
Real-time News
U.S. stock futures extended their losses, with Nasdaq 100 futures down 1%, S&P 500 futures down 0.75%, and Dow Jones futures down 0.4%.Turkish Automobile Association: Car sales from January to October increased by 10.20% year-on-year.Turkish Automobile Association: October car sales increased by 19.40% year-on-year.On November 4th, Japanese Finance Minister Satsuki Katayama issued another strong verbal warning regarding exchange rate movements, reiterating his "high vigilance" regarding current market volatility. The warning is increasingly evident as market expectations for potential government intervention intensify. Katayama stated at a press conference on Tuesday, "I have seen one-sided and rapid fluctuations in the foreign exchange market. Our position of maintaining high vigilance regarding market dynamics remains unchanged." These remarks came as the yen fell to its lowest level against the dollar since February, nearing 154.5. Following his comments, the yen briefly rebounded to 153.71. The market believes the risk of Japanese authorities intervening in the foreign exchange market is rising, but most still expect actual action to be unlikely in the short term. Japan last intervened in the exchange rate in July of last year, when the yen was around 160 against the dollar.On November 4th, Morgan Stanley released a technical research report predicting that Standard Chartered (02888.HK) will outperform its peers over the next 30 days, with a probability of 70-80% or very high. The report states that this forecast is based on Standard Chartereds strong quarterly results, and the bank has also raised its earnings forecast for Standard Chartered this year by 11%, and its earnings forecasts for next year and the year after by 3.5% and 2%, respectively. The report also notes that Standard Chartereds managements return on tangible equity guidance has been revised upward from trending towards 13% to approximately 13%. The 2026 tangible equity guidance is expected to be updated when the results are announced in February next year, with the latest interim forecast expected in May next year. The bank expects Standard Chartereds tangible equity return to be 13.1% this year, and above 14% from 2027 onwards. The bank currently gives Standard Chartered a target price of HK$176.7 and a "Buy" rating.
