Japan's services activity picks up to 51.7 while composite PMI hits five-month low
Japan's services PMI rose to 51.7 in October, but the composite PMI slipped to 52.1, a five-month low, as hiring slowed and cost pressures persisted.
Trump says a high-IQ president is the only needed AI guardrail, rejecting other controls. The comments suggest no top-down regulation, boosting the Nasdaq.
Talk of AI doom will not sway Trump.
The only control or “guardrails” that AI needs is a STRONG AND SMART (High IQ!) PRESIDENT, and the U.S.A. has that, in spades! The Trump Administration has stopped AI “people” from doing bad, or potentially bad, “things,“ like Dario (Anthropic!), who is now pretending to be a “perfect little angel” - and we will continue to do so! We already have tremendous CRIMINAL and REGULATORY power over these companies! There is a SICK conspiracy going on against AI and Data Centers, and the only one that is happy about it is China. WHOEVER WINS AI, WINS! We are leading China, and all others, and will continue to do so. Conspiracy Theorists, Treasonists, Traitors, and Leakers, BEWARE! Thank you for your attention to this matter! President DONALD J. TRUMP
It is odd that he mentions a conspiracy, given that Dario, Sam Altman, and Microsoft are the ones urging a slowdown.
Regardless, this signals a green light for the Nasdaq, as top-down regulation appears unlikely for now.
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Japan's services PMI rose to 51.7 in October, but the composite PMI slipped to 52.1, a five-month low, as hiring slowed and cost pressures persisted.
September data showed Australia's goods surplus at about A$2.8 billion, a seven-month peak, with LNG and metals exports up and gold imports down sharply.
SNB Chair Martin Schlegel said October inflation beat central bank forecasts and signalled readiness to act, firming December rate-hike bets.
Minutes from the BoJ's September meeting showed policymakers agreed on more rate hikes, flagged a 50% oil surge risk and heard government calls for caution.