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October 28, 2026

New Zealand's central bank holds rates when markets priced a hike, weakening the NZD as yield advantage narrows and capital flows reverse.

  • Houthi strikes on Saudi refinery capacity tighten crude supply, pushing oil higher and raising costs for refiners forced to source alternatives.
  • U.S. bans BGI shipments over forced labor allegations, extending export controls into life sciences and raising costs for U.S. companies reliant on Chinese biotech partnerships.
  • Alphabet and Microsoft report earnings after close as investors demand clarity on whether massive AI capex translates to revenue growth and margin expansion.
  • FedEx lifts guidance after fiscal calendar shift, signaling confidence in shipping demand and broader economic activity momentum.

AI-assisted summary of reported news, for information only. Not investment advice.

113 events2 HIGH111 MEDIUM

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