Sydney：12/24 22:26:56

Tokyo：12/24 22:26:56

Hong Kong：12/24 22:26:56

Singapore：12/24 22:26:56

Dubai：12/24 22:26:56

London：12/24 22:26:56

New York：12/24 22:26:56

2026-11-05 Thursday

2026-11-06

09:26:44

[Philippines' October CPI rose 7.8% year-on-year, the fastest growth since February 2023] (1) The Philippines' inflation rate rose to 7.8% in October, up from 7.2% in September, the fastest growth since February 2023. (2) The Philippine central bank had previously expected October inflation to be in the range of 7.1% to 8.1%; eight economists surveyed by The Wall Street Journal predicted 7.9%. (3) Persistent inflationary pressures support the Philippine central bank's policy stance. Since the Middle East war triggered the oil crisis, the Philippine central bank has raised interest rates by 125 basis points, ranking among the top in tightening, although this may drag down already weak economic growth. (4) Like other energy-importing countries, the Philippines is vulnerable to supply shocks, but has fewer mechanisms to prevent fuel prices from being transmitted to broader inflation; the weak peso has increased import expenditures, making the situation more complicated. (5) The Philippine central bank stated that it will take all necessary measures to control inflation and leaves room for further interest rate hikes, but some analysts believe its tightening cycle is nearing its end; if the recent decline in oil prices continues, it may provide some relief, and the central bank is also paying attention to the risk of food price shocks caused by El Niño weather. (6) The main contributors to inflation in October included transportation, as well as housing, water, electricity, gas and other fuels; the core inflation rate accelerated to 5.4% from the revised 4.8% in September. The overall inflation rate year-to-date is 5.6%, and the core rate is 4.0%.

09:13:43

[Hot News Recap: US Sanctions Indian and Turkish Entities Involved in Iran, Alleging They Assisted Iran in Circumventing Oil Sanctions] 1. The US Treasury Department announced on Wednesday a new round of sanctions against certain companies and individuals in India and Turkey, citing their support for Iran. The US warned that it would continue to crack down on anyone supporting the Iranian government. These measures are part of the Trump administration's "economic isolation campaign," aimed at cutting off Iran's ability to finance its war against the US and Israel through oil sales. 2. The Treasury Department stated that Wednesday's action targeted what it called a "vast criminal network" run by Indian national Sharma. Those sanctioned also included Sharma's wife, two other Indian citizens responsible for two of his companies, and nine entities associated with Sharma. The US alleges these entities used various means to provide false flags and certifications for sanctioned vessels involved in transporting Iranian oil, including vessels operating on behalf of the Iranian military and its proxies. 3. The Treasury Department also sanctioned Turkey-based Fugo Ground Services Inc., alleging it continued to provide support to Iran's heavily sanctioned aviation industry. Treasury Secretary Bessant stated that the U.S. government will continue to pursue anyone supporting the Iranian regime, threatening sanctions via land, sea, and air. The Treasury Department stated last week that its measures are severely impacting the Iranian economy, causing the Iranian rial to plummet to new lows and pushing domestic inflation to approximately 90%. Obsidian Risk Advisors Managing Partner Ericson believes that Wednesday's sanctions send a strong signal: despite the Republican Party's heavy electoral defeat, the Trump administration is escalating its economic war against Iran, and Washington seems unwilling to take even the smallest de-escalation measures.

09:12:05

[Hot News Recap: Vance Publicly Questions the Iran War, Says Republican Loss Stemmed From It] 1. US Vice President Vance distanced himself from Trump's war policy toward Iran on Wednesday, questioning whether the war was worth the cost and blaming the war for the Republican midterm election loss. Democrats gained control of both houses of Congress after the election. Vance stated on social media platform X: "The reason we lost the election is this war. If you want to say this war was worth it, and that losing control of the Senate for the next six years was worth it, then say it." 2. Vance's remarks may complicate Trump's decision-making. Trump is weighing whether to restart large-scale military action against Iran, an option that US officials say is still under consideration. Vance also stated that earlier suggestions to end the war were "reasonable suggestions." When asked about Vance's remarks, Trump said he thought Vance was right, adding, "I know how he feels about this," before defending the war, saying, "We prevented them from having nuclear weapons." 3. A White House advisor said that some officials within the White House believe Vance's post signifies a disagreement with the president on foreign policy and is a public acknowledgment of the war's impact on the US domestic economy. Vance attempted to downplay the differences, stating that Trump also acknowledged the Republican defeat caused by the Iran war; however, Trump was more cautious, saying the Iran war was only one of several reasons for the Republican crushing defeat, and told the Wall Street Journal, "I did the right thing, and if I had to do it again, I would do it again." 4. Secretary of State Rubio, considered a potential rival to Vance in the 2028 election, has remained silent since the midterm elections. The White House has not commented on the matter. Sources say that with the midterm elections over, Trump has little left to lose politically, making him more likely to escalate his stance on Iran; another source believes the most likely scenario is a renewed outbreak of hostilities.

09:09:49

[New York Court of Appeals Allows Second Home Tax, Mamdani's Signature Policy Gains Legal Support] (1) The New York State Court of Appeals ruled Wednesday that the implementation of the second home tax introduced by the Mamdani government was legal and could proceed, overturning a lower court's ruling that the city government should reinstate the tax. (2) The tax targets second homes valued at $5 million or more; the lower court had previously held that the surcharge illegally shifted the responsibility of proving residency to homeowners, when such information should have been verified by the city government. (3) A group of homeowners sued the city this summer, claiming that the government's online publication of a list of approximately 900,000 potentially taxable residential properties caused confusion and attracted public scrutiny; the appeals court stated that tax assessors also publish similar lists, and the plaintiffs failed to prove they were harmed by the publication of the lists. (4) Mamdani is a democratic socialist who campaigned on promises to increase taxes on the wealthy and corporations; the mayor stated that the ruling "rejects the attempt by the super-rich to evade paying their share," while the plaintiffs' lawyers argued that the ruling would harm the interests of local homeowners. (5) During implementation, the city sent notices to approximately 17,000 homeowners requiring them to prove that their homes were their primary residences or they would have to pay the tax; the plaintiffs claimed that many notices were sent to people who were not eligible for the tax. (6) The tax also faces two other lawsuits alleging that it violates the state and federal constitutions, which are still pending; Mamdani’s grocery store subsidy program and rent freeze policy are also facing legal challenges, and the related cases are still pending.

09:05:06

[Hot News Recap: Democrats' Midterm Election Victory Promises to Counterbalance Trump, Trump Avoids Defeat, Focuses on White House Renovation] 1. Democrats said Wednesday they would use their midterm election victory to counterbalance President Trump, potentially leading to a political gridlock in Washington for the next two years. In his first public appearance since the defeat, Trump primarily showcased the White House banquet hall under construction, only briefly mentioning the election results. 2. Discontent with Trump's policies, particularly the Iran war which has driven up the cost of living, helped Democrats gain control of the Senate. Democrats overturned several traditional Republican strongholds, securing at least a 54-44 majority in the Senate and gaining at least 28 seats in the House of Representatives. This will be the first time Trump faces a Democratic-controlled Congress in his second term. House Democratic Leader Jeffries stated that the new majority will focus on affordability and government accountability, adding that "the days of the House operating like a wholly owned subsidiary of the Trump administration are over." 3. Trump, meanwhile, focused more on the White House renovation project, saying the White House must be spotless, "which makes me feel relaxed." He had previously described the midterm elections as a referendum on the first half of his second term, but some conservative voters who supported him two years ago have now switched to Democrats. Analysts believe the shift was driven by the Iran war, high cost of living, and dissatisfaction with his governance. 4. In Texas, Democrats won their first Senate seat since 1988, defeating three-term governor Tony Abbott; in Kansas, they won their first Senate seat in nearly a century; and in South Carolina, they defeated a Trump-backed candidate. As of Wednesday morning, results in Alaska and Mississippi were still pending, potentially extending the Democratic Senate majority to 56-44. 5. Once Democrats control Congress in January, they are expected to use investigative powers to scrutinize the Trump administration, his family, and political allies, and could potentially block Trump's nominations, including Supreme Court justices. Republicans retain control for the remainder of the current Congress and may use the year-end appropriations bill to advance conservative priorities. House Speaker Johnson has stated he will not continue as Republican House Leader next year. 6. Trump acknowledged the Iran war was one reason for the Republican defeat but insisted the decision was correct. Vice President Vance attributed the defeat primarily to the war against Iran, stating, "The reason we lost is this war." According to statistics, Republican support declined in 99% of the approximately 2,100 counties where most votes have been counted. This election also set several records, including Keisha Lance Botoms becoming the first Black woman to be elected governor of the United States, and Harland, New Mexico, becoming the first Native American woman to be elected governor.

08:32:15

Australia's September trade balance for goods and services (AUD billion)

Previous : 4.95 Forecast : 8.10

Published Value 28.26

Previous

08:32:04

Australia's September exports month-on-month rate

Previous : 3.70 Forecast : -

Published Value 2.30

Previous

08:31:59

Australia's September imports month-on-month rate

Previous : 5.80 Forecast : -

Published Value -3.30

Previous

08:30:00

Japan's October Jibun Services PMI Final Reading

Previous : 52 Forecast : -

Published Value 51.70

Previous

08:30:00

Japan's October Jibun Composite PMI Final Reading

Previous : 52.30 Forecast : -

Published Value 52.10

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