Why is Rapport Therapeutics stock sliding today?
Rapport Therapeutics (RAPP) shares sank 22% in premarket trading this morning after it sold stock at a steep discount to pay for its next round of trials.
Economy
British Pound: Budget may boost Sterling against Euro - ING
ING's Chris Turner sees scope for a partial unwind of a 20bp risk premium in 10-year UK gilt yields following the budget. While the Bank of England's tightening outlook should remain broadly unchanged unless minimum wag…
Australian Dollar: RBA may hike again as inflation persists - Standard Chartered
Standard Chartered’s Nicholas Chia expects the Reserve Bank of Australia to raise its cash rate to 4.85% in Q4, likely on 3 November, after stronger-than-projected Q3 underlying inflation. The bank sees the first rate c…
Canadian Dollar: BoC guidance key to CAD outlook - Commerzbank
Commerzbank’s Norman Liebke expects the Bank of Canada (BoC) to deliver a widely anticipated 25 bps hike to 2.5%, though he views this as premature given subdued core inflation. Markets have priced four hikes by Septemb…
Budget 2026: key points at a glance
John Healey starts by saying that his budget is “delivered at a time when global uncertainties and pressures are swirling worldwide and hitting people here at home”.
Swiss Franc ticks up from two-week lows with Fed decision on tap
The Swiss Franc (CHF) has retraced previous gains against the US Dollar (USD) on Wednesday and trades practically flat on the daily chart, stronger as investors brace for the Federal Reserve’s (Fed) monetary policy deci…
RBA Rate Hike Bets Surge as Australian Inflation Heats Up
ASX 200 rallies 1.37% to 8,844 as weak US payrolls ease Fed hike bets and gold rebounds above US$4,100, capping a choppy week bridging the FY26 close and FY27 open.
Gold struggles to gain traction ahead of Fed policy verdict
Gold (XAU/USD) stalls its rebound on Wednesday as investors await the Federal Reserve’s (Fed) monetary policy announcement, due at 18:00 GMT. A modest pullback in Oil prices helped bullion recover from its lowest levels…
‘Elonville’: US residents say Musk’s xAI offered to buy homes if they don’t sue over datacenter noise
Several Mississippi homes have been purchased near datacenters and one resident said realtor outlined target to buy more than 400
Budget 2026 live: Healey delivers first budget of Burnham’s government
Martin Lewis said that, when he met John Healey this morning, the chancellor said that, having removed standing charges from gas bills, he would also like to get rid of them from electricity bills. Lewis said:
BoC expected to hike interest rates amid stubborn Oil-driven inflation
Governor Tiff Macklem is set to take questions from reporters shortly, which should offer markets a clearer read on the central bank’s thinking. His remarks come after the widely anticipated decision to raise the policy…
New Zealand Dollar: RBNZ split keeps December hike in play - UOB
UOB’s Lee Sue Ann notes that the Reserve Bank of New Zealand (RBNZ) kept the Official Cash Rate (OCR) at 2.75% in a narrow 4-3 decision, but maintained a clear tightening bias. With inflation still above target and risk…
Abatement in AI Risk Helps the US Dollar
The increasing reliance on automatic code generation integrated with Generative AI technology has raised new challenges for cybersecurity defense against code injection, insecure code templates, and adversarial manipula…
Fed set to hold interest rates steady in last decision before midterms
US central bank last month raised rates for first time since 2023, in move that infuriated Donald Trump
'Government to decide who to help and who picks up the tab'
Helen Miller, director at the Institute for Fiscal Studies, speaks to the Today programme about challenges in the budget.
Rates Outlook: Kevin Warsh and John Healey Walk Into a Bar
Barring a Brazilian-style election surprise, the Fed should leave rates unchanged. It seems the US 10yr is waiting to tick this off before it deviates too much from 5%. Meanwhile, the UK 10yr yield should ease lower aft…
What is in the iconic red box?
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Thailand holds rates at 1% as growth stays weak and inflation risks rise
Higher oil prices will hit Asia unevenly, with Thailand, the Philippines and Korea likely to feel the strain first, due to weak buffers, fast pass‑through and heavy import dependence, respectively. India and China are b…
The Fed Risks Policy Error Fighting Oil Prices
For more than a decade following the 2008 financial crisis, one rule governed markets: don't fight the Fed. Accommodative monetary policy lowered discount rates, supported liquidity, and repeatedly helped stabilize asse…
5 Tests the Gilt Market Will Set Healey’s First Budget
From better fiscal headroom to surprise income tax hikes, this is how UK Chancellor John Healey's first budget could surprise investors
What do you want from the Budget?
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Octopus Energy boss on standing charges
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Euro: Downtrend targets 1.1095 support against US Dollar – UOB
UOB’s Quek Ser Leang and Lee Sue Ann note EUR/USD’s downside bias has intensified after the pair broke below 1.1135 faster than expected, reaching 1.1121. Intraday, they see strong but stretched downside momentum, limit…