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EMERGING MARKETS: Global news: October 03

EMERGING MARKETS
  • MIDEAST (MNI) – In a statement, Hezbollah has claimed that its fighters have 'confronted an attempt' by Israeli forces to advance into Lebanon at the Fatima Gate, a border crossing point at the northern tip of Israel. The land on the Israeli side of the border has been closed off by the military in preparation for a ground incursion.
  • US – Vice President Kamala Harris will be joined by former Representative Liz Cheney at a campaign stop in swing-state Wisconsin on Thursday as the Democratic nominee looks to tout the support of a long-time Republican critic of Donald Trump to expand her electoral coalition.
  • UK - BoE Governor Bailey said he was encouraged by the fact that cost of living pressures had not been as persistent as the Bank thought they might be. He said if the news on inflation continued to be good there was a chance of the Bank becoming more “a bit more activist” in its approach to cutting interest rates, now at 5%.
  • JAPAN (MNI) – Bank of Japan board member Asahi Noguchi said on Thursday the BoJ could raise the policy interest rate again in the "not too distant future," depending on economic data. Separately, former BoJ Chief Economist Seisaku Kameda told MNI that the Bank is likely to raise its policy interest rate further in December if financial markets and the Fed both foresee a soft landing for the US.
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  • MIDEAST (MNI) – In a statement, Hezbollah has claimed that its fighters have 'confronted an attempt' by Israeli forces to advance into Lebanon at the Fatima Gate, a border crossing point at the northern tip of Israel. The land on the Israeli side of the border has been closed off by the military in preparation for a ground incursion.
  • US – Vice President Kamala Harris will be joined by former Representative Liz Cheney at a campaign stop in swing-state Wisconsin on Thursday as the Democratic nominee looks to tout the support of a long-time Republican critic of Donald Trump to expand her electoral coalition.
  • UK - BoE Governor Bailey said he was encouraged by the fact that cost of living pressures had not been as persistent as the Bank thought they might be. He said if the news on inflation continued to be good there was a chance of the Bank becoming more “a bit more activist” in its approach to cutting interest rates, now at 5%.
  • JAPAN (MNI) – Bank of Japan board member Asahi Noguchi said on Thursday the BoJ could raise the policy interest rate again in the "not too distant future," depending on economic data. Separately, former BoJ Chief Economist Seisaku Kameda told MNI that the Bank is likely to raise its policy interest rate further in December if financial markets and the Fed both foresee a soft landing for the US.