The Federal Reserve, led by Kevin Warsh, kept the benchmark rate at 3.75–4% and warned that inflation has exceeded the 2% target for almost six years. Economic growth was revised upward, and from the fall of 2027 the Fed is changing the format of its meetings.
SK hynix's record quarterly profit returned optimism to the AI asset market: the Kospi index rose more than 6%, and Kioxia more than 10%. Market attention is shifting to Microsoft and Alphabet earnings and the Fed's decision.
Wednesday, 19:00 Central European Time: the Federal Reserve will announce its rate decision. Markets are nearly certain of a pause, but assign a high probability to a hike in December amid inflation of 3.7%, record fuel prices and Trump's pressure on the regulator. Wednesday, 19:00 Central European Time: the Federal Reserve will announce its rate decision. Markets are almost certain of a pause, but price in a high probability of a hike in December amid inflation of 3.7%, record fuel prices and pressure from Trump on the regulator.
Technology stocks in Asia rose on Tuesday following a Wall Street rally triggered by Anthropic's IPO filing. The main gains came in Seoul and Tokyo, while other markets showed mixed performance. Investors are awaiting earnings from Microsoft, Alphabet and Amazon, as well as the Fed's decision.
On Monday, Asian stock indexes showed mixed dynamics: Seoul lost more than 1%, Tokyo 0.8%, while Hong Kong, Shanghai and Sydney rose. Investors are preparing for earnings from Amazon, Microsoft, Alphabet, SK hynix and Samsung, as well as decisions from the Fed, the ECB and the Bank of Japan. Oil pulled back from a six-month high, and markets remain uncertain about the returns on AI investments and geopolitical tensions in the Middle East. On Monday, Asian stock indices showed mixed dynamics: Seoul lost more than 1%, Tokyo 0.8%, while Hong Kong, Shanghai and Sydney rose. Investors are preparing for earnings reports from Amazon, Microsoft, Alphabet, SK hynix and Samsung, as well as decisions from the Federal Reserve, the ECB and the Bank of Japan. Oil pulled back from a six-month high, and markets remain uncertain about the return on AI investments and geopolitical tensions in the Middle East.
According to Anadolu, the week ending October 23 closed with declines in US and European indices, and Monday opened mixed. Markets are under pressure from doubts about the returns on AI investments, geopolitical risks surrounding the US and Iran, and weak consumption data. Investors' attention is focused on decisions by the Fed, the ECB and the Bank of Japan. According to Anadolu, the week starting October 23 ended with declines in US and European indices, and Monday opened mixed. Markets are under pressure from doubts about the return on AI investments, geopolitical risks surrounding the US and Iran, and weak consumption data. Investor attention is focused on the decisions of the Federal Reserve, the ECB and the Bank of Japan.
Gold traded around $4,015 per ounce, approaching lows not seen in nearly three months. Pressure came from a selloff in technology and AI stocks, rising oil prices, and inflation concerns, while uncertainty over the sustainability of AI investments partially supported the metal.
Asian stock indices mostly declined on Monday amid a sell-off in US tech stocks driven by doubts about the returns on AI investments. CoreWeave shares fell roughly 30% over a month; investors await Tesla and Meta earnings and the Fed's rate decision next week.
The Uzbek soum has been losing value against the dollar for nine consecutive trading sessions: from October 3 to 16, the rate rose from 11,772.95 to 12,011.65 soums (+238.7 soums, about 2%). Economist Mirkomil Kholboev links this to the dollar's strengthening on the global market amid the US Federal Reserve's policy tightening, and also names three possible domestic factors, emphasizing that there is no confirming data yet.
The US Consumer Price Index rose 3.7% year-over-year in September, up from 3.4% in August, exceeding economists' forecasts. Core inflation accelerated to 2.6%. The main driver was a 9.1% monthly gasoline price increase due to the war with Iran. The data strengthened expectations of another Fed rate hike at the October 27–28 meeting.