Daily Briefing · 2026-11-03

The results will indicate the public's assessment of the Trump administration, and the future direction of US policy could affect Japanese stock prices, exchange rates, and trade. On the Middle East situation, President Trump showed a stance of not rushing to resume attacks on Iran. This has spread views that conflict risk is declining, potentially easing upward pressure on crude oil prices. Meanwhile, a tanker caught fire in the Strait of Hormuz, raising concerns about upward pressure on global fuel prices. On the Ukraine situation, there are views that peace talks have begun in the UAE. If geopolitical risk eases, this could lead to stabilization of energy prices and relaxation of sanctions against Russia. Meanwhile, in Orekhiv, a local ceasefire has ended and attacks have intensified, with the suspension of humanitarian aid and loss of life expanding economic damage. In the AI field, it was revealed that Anthropic's revenue grew 13-fold, while development spending exceeded 140 trillion yen. Behind the rapid revenue expansion, the scale of development investment has emerged as a concern regarding profitability. In the financial sector, SBI Group and Fuji Media Holdings announced a capital and business alliance. SBI is expected to make an investment on the scale of several tens of billions of yen. In the cyber field, supermarkets in multiple European countries suffered cyberattack damage. Temperature increases in refrigeration equipment occurred in Belgium, Sweden, and elsewhere, leading to food loss and business losses. On mortgages, the November interest rate for Flat 35 rose to 3.81%. This is the second-highest level on record, and the repayment burden on mortgage holders is expected to increase. In the restaurant industry, Saizeriya is expanding its store network in China. Increases in sales and profit margins in the Asian market are expected. On corporate governance, GMO President Kumagai and other executives announced they will reduce their compensation for three months. This is seen as a measure to demonstrate management responsibility and restore trust. In the distribution industry, it has been found that 13 bean sprout producers have gone out of business over the past five years. Continued price stagnation is rapidly worsening the industry's management foundation. In the transportation sector, it was confirmed that the number of Japanese victims from the train accident in Spain increased to 2. International loss of life and the negative impact on travel-related industries are becoming more serious. Regarding international organizations, it has been pointed out that the ICC's operating funds could shrink due to US sanctions. In tourism, one year has passed since the drunk driving accident in Seoul, and a memorial event was held. The risk of personal accidents overseas is once again drawing attention. In regional economy, expectations are rising for the 2027 Yokohama International Horticultural Exposition. Economic effects from increased tourist numbers and enhancement of the city's brand are anticipated.