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Delayed 15 min · 06:45 GMT

FLASH

Moderna lifts 2026 growth outlook to 15–25% after 29% Q3 jump Panama’s $8.5B Bet: The Canal That Wants to Be More Than a Canal Microsoft reportedly winds down Oracle AI-computing deal; Oracle falls 4% Up 1,500, down 1,800: Wall Street’s wildest week since the 2025 tariff crash Fox closes $22B Roku takeover months ahead of schedule Nikkei, Kospi plunge 6% as AI crash spreads to Asia Nasdaq crashes 5.5% as $2.5 trillion vanishes in AI rout Europe’s Stoxx 600 hits record as money rotates out of AI Toyota soars 16.7%, raises profit forecast 15% on hybrids, weak yen Europe’s defence darling, Rheinmetall, plunges 16% after second sales cut in three months

Moderna lifts 2026 growth outlook to 15–25% after 29% Q3 jump Panama’s $8.5B Bet: The Canal That Wants to Be More Than a Canal Microsoft reportedly winds down Oracle AI-computing deal; Oracle falls 4% Up 1,500, down 1,800: Wall Street’s wildest week since the 2025 tariff crash Fox closes $22B Roku takeover months ahead of schedule Nikkei, Kospi plunge 6% as AI crash spreads to Asia Nasdaq crashes 5.5% as $2.5 trillion vanishes in AI rout Europe’s Stoxx 600 hits record as money rotates out of AI Toyota soars 16.7%, raises profit forecast 15% on hybrids, weak yen Europe’s defence darling, Rheinmetall, plunges 16% after second sales cut in three months

Industries

Australia: RBA set to lift rates to 18-year high level, at 4.85%, tomorrow

Australia’s central bank is widely expected to make its fifth hike of 2026 on Tuesday, as war-driven energy costs push inflation higher. A move would take rates to their highest since 2008.

News | 2 November 2026

Australia: RBA set to lift rates to 18-year high level, at 4.85%, tomorrow

Australia is about to pay its share of the Gulf war’s energy bill in its mortgage rate.

All four major banks expect a 25bp rise to 4.85% on 3 Nov, which would be the highest cash rate since November 2008. September headline CPI was 4.3% YoY and trimmed mean was 3.6%, both above forecasts. Markets price about a 78% chance of a hike. CBA calls it an “insurance hike” against Middle East, AI-boom and capacity risks. ANZ sees a real risk of a further move to 5.10% in December or February.

The RBA is thus expected to raise rates on Tuesday for the fifth time this year, to 4.85%, the highest since late 2008.

The RBA also releases new forecasts with the decision.

September inflation was 4.3%, and energy and transport costs are feeding into services. All four big banks are calling a hike, and ANZ warns 5.10% could follow by February. It is a reminder that oil at $110 is not just an energy story. It sets interest rates too.