1. Bank of Japan Governor Kazuo Ueda: Will continue raising interest rates and monitor the impact of the yen's weakness and the situation in the Middle East

Bank of Japan Governor Kazuo Ueda said that as underlying inflation approaches the 2% target, the BOJ will continue raising interest rates and adjust its monetary easing policy. It will also monitor the impact of the yen's weakness, developments in artificial intelligence, and the situation in the Middle East on prices. -Original

2. Apple shares rise more than 2% in U.S. premarket trading; foldable iPhone Duo sells out within one minute of launch

Apple shares rose more than 2% in U.S. premarket trading, poised to open at a record high. All models of Apple's first foldable phone, the iPhone Duo, sold out within one minute of its official launch. -Original

3. New York gold futures break above $4,220/oz, up 1.20% on the day

4. U.S. fiscal-year budget deficit hits $1.99 trillion, a five-year high, equal to 6.2% of GDP

Data released by the U.S. Treasury on October 16 showed that the U.S. budget deficit for fiscal year 2026, which ended on September 30, increased by $217 billion year over year to $1.99 trillion, the highest level since fiscal year 2021. In fiscal year 2026, U.S. government revenue totaled $5.40 trillion, while spending reached $7.40 trillion. Debt service costs totaled $1.36 trillion. Following a Supreme Court ruling, the U.S. refunded $145 billion in tariffs, bringing net tariff revenue down to $173 billion. The budget deficit for fiscal year 2026 was 6.2% of GDP, while the deficit for September alone was $27 billion. -Original

5. Cantor Fitzgerald raises Strategy price target to $208, sees Bitcoin reaching $112,000

Investment bank Cantor Fitzgerald raised its price target for Strategy from $186 to $208, maintaining its Overweight rating. Analyst Ramsey El-Assal raised his 12-month price forecast for Bitcoin from $98,000 to $112,000 and lifted his enterprise valuation for Strategy from $97 billion to $110 billion, based on Strategy's holdings of 848,000 bitcoins. -Original

6. U.S. stocks continue to fall; Nasdaq drops 2%, S&P 500 falls 1.1%, and tech stocks broadly decline

7. Charles Schwab announces clients can buy Bitcoin directly in their accounts, reaching over 40 million users

Charles Schwab announced that clients on its platform, which manages $13 trillion in assets, can now buy Bitcoin directly in their accounts. The move reaches more than 40 million U.S. users. -Original

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