#MarketNews

☀️ Happy Wednesday, dear traders! Today, October 2, we're bringing you the day's most thrilling news highlights:

🇪🇺 ECB's Martins Kazaks leans toward an October rate cut, with markets seeing a nearly 90% chance of a move on October 17 due to growing economic risks

🇯🇵 Japanese investors are gradually unwinding their $4.4 trillion carry trade, shifting ¥28 trillion ($192 billion) into domestic bonds as the interest rate gap with foreign markets narrows.

🛢Oil prices have surged by over 5% due to fears of supply disruptions after Iran launched a ballistic missile attack on Israel in response to the killing of key figures.

👟 #NIKE withdrew its full-year guidance and postponed its investor day as it prepares for a CEO transition. This follows a mixed fiscal quarter in which revenue fell 10% to $11.59 billion, with shares dropping 5% in extended trading.

📱 The Philippines has imposed a 12% value-added tax on Netflix, which is expected to generate 79.5 billion pesos ($1.4 billion) in revenue over the next four years. #NETFLIX shares are down 0.44%.

📉 Oracle plans to invest $6.5 billion to establish a cloud services hub in Malaysia, marking its latest push into Southeast Asia's growing AI infrastructure market.#ORACLE stock is down 1.90%.

🥤PepsiCo is acquiring tortilla chip maker Siete Foods for $1.2 billion, marking its first food acquisition in five years. Shares of #PEPSICO were up 0.78%.

🚗 General Motors reported a 2.2% decrease in third-quarter sales, but EV sales surged by 60%, making up 4.9% of total sales, with #GM stock closing at $32.50, down 1.2%.

That's it for today, guys! Click on 👍 if you liked our review, and see you soon!

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