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British Defence Secretary Strettin: Reaffirms that defense spending will reach 3.5% of GDP by 2035.

2026-09-28

British Defence Secretary Strettin: Reaffirms that defense spending will reach 3.5% of GDP by 2035.

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2026-09-28

Former Bank of Japan executive Kazuo Momma said the BoJ could raise its policy rate at the October meeting for a second consecutive month, sooner than many economists expect. He put the chance of back-to-back hikes at roughly 20-30%, saying the move

Former Bank of Japan executive Kazuo Momma said the BoJ could raise its policy rate at the October meeting for a second consecutive month, sooner than many economists expect. He put the chance of back-to-back hikes at roughly 20-30%, saying the move would signal the pace of tightening could accelerate versus a baseline rising quarterly tempo. Momma warned the risk of underlying inflation above 2% is unlikely to weaken and is more likely to increase over the next three months. His base case is a terminal policy rate of about 2% by June or July next year, implying roughly three additional 25bp increases by the policy board.
2026-09-28

HSBC raised PTs for U.S. banks: Citigroup to $164 from $161; JP Morgan to $377 from $369; Bank of America to $76 from $74; Wells Fargo to $108 from $104; PNC Financial Services to $283 from $275.

HSBC raised PTs for U.S. banks: Citigroup to $164 from $161; JP Morgan to $377 from $369; Bank of America to $76 from $74; Wells Fargo to $108 from $104; PNC Financial Services to $283 from $275.
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