Daily Briefing · 2026-11-04

A significant decline in asset values occurred in the stock market, and deteriorating investor sentiment is spreading. In the United States, President Trump signaled the exercise of broad powers, including the use of veto authority. Escalating conflict with Congress is heightening uncertainty over policy implementation and economic policy. In the US midterm elections, the Democratic Party increased its seats. High prices and the situation in Iran are seen as having influenced voting decisions, and attention is focused on the impact on future economic policy. Regarding the situation in Ukraine, expectations are rising for progress following a three-country senior officials' meeting. Meanwhile, in the south, 31 people were killed in a Russian military attack, and more than 70 were injured in the east as well. As fighting intensifies, human and economic losses are rapidly increasing. The cryptocurrency exchange Binance suffered a cyberattack. It has been reported that assets worth approximately 1 trillion yen were affected through an intrusion that exploited fake job interviews and AI tools. In Australia, the central bank raised interest rates to their highest level in 18 years. While rising borrowing costs are increasing the burden on businesses and households, an increase in deposit interest income is also expected. The foreign ministers of China and the Philippines agreed to maintain dialogue over the South China Sea. Easing tensions are expected to bring regional economic stability and an improved investment environment. The Thai government indicated a policy to raise excise taxes on imported EVs. Alongside an increase in the cost of imported vehicles, this is expected to strengthen the competitiveness of the domestic EV industry. In Spain, the transport minister announced his resignation, taking responsibility for a train accident. Changes in the leadership of the transport ministry raise concerns about effects on budget allocation and policy implementation. In the food delivery industry, competition has intensified, with multiple companies moving to withdraw or consolidate. Shrinking market size and worsening working conditions for delivery workers are lowering business profitability. In Tokyo, the JR Yamanote Line outer loop was temporarily suspended due to smoke. In addition to passenger delays and alternative transportation costs, this has resulted in reduced revenue for the railway operator. In the personal training industry, customer disputes are rapidly increasing. Due to a rise in penalty fee disputes and refund demands, many gyms are facing declining profit margins and litigation risk. The AI company Anthropic saw its revenue grow 13-fold, while development spending exceeded 140 trillion yen. Amid rapid revenue expansion, the enormous scale of development investment continues to be a concern for profitability.