Asia Market Movers: US member of Congress says Russia attacking Poland, an act of war

Wednesday, 10 Sep, 2025 News US member of Congress says Russia attacking Poland, an act of war A US member of Congress has harsh words on Russian actions in Poland: Russia is attacking NATO ally Poland with Iranian shahed drones less than a week after President Trump hosted President Nawrocki a Central Banks PBOC is expected to set the USD/CNY reference rate at 7.1359 – Reuters estimate People's Bank of China USD/CNY reference rate is due around 0115 GMT. The People's Bank of China (PBOC), China's central bank, is responsible for setting the daily midpoint of the yuan (also known as Learn more Stock market update Oracle could have the biggest single-day gain for a US company with a $500bn+ market cap Oracle's latest quarterly earnings and revenue fell short of analyst forecasts, but the stock still soared after-hours as investors focused on massive cloud growth projections and new contracts. CEO S Stock market update Chinese insurers boost equity holdings to record levels, set to drive bull market Chinese insurers have lifted their equity holdings to the highest level in more than three years, responding to Beijing's push to support a steady bull market. Report comes via Bloomberg. Regulatory d Stock market update Deutsche Bank raises S&P 500 target to 7,000, boosts 2025 EPS forecast to $277 Deutsche Bank lifted its 2025 S&P 500 earnings forecast to $277 per share, up from $267, after a stronger-than-expected Q2 reporting season. Analysts cited resilient company commentary around tari News Trump presses EU to join U.S. in 100% tariffs on China, India to squeeze Russia. U.S. President Donald Trump has urged the European Union to impose tariffs of up to 100% on Chinese and Indian goods, according to U.S. and EU officials. The move, conveyed in a call with EU sanctions News Reuters Tankan: Japan manufacturers at 3-year peak, services rebound to +27 Japanese manufacturers' confidence climbed to its strongest level in more than three years in September, supported by easing trade tensions after Tokyo struck a tariff deal with Washington in July. Th Stocks Oracle expects half a trillion dollars in booked cloud orders, stock rises 27% after hours Info via Reuters in the stunning 27% after hours price rise: Oracle (ORCL) expects booked revenue at its Oracle Cloud Infrastructure business to exceed half a trillion dollars "Over the next few month Learn more News Reports of Russian drone incursions into Poland (breach of NATO airspace). Reports of Russian drone incursions into Poland. This is likely to be unintentional. Well, lets hope so! More: Rzeszów Airport in Poland has been closed warning to airman issues says closure is due to

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