Weekend News: Japan may welcome its first female Prime Minister; OPEC+ agrees to a slight increase in production in November

Zhitong
2025.10.05 12:00

  1. The ruling Liberal Democratic Party of Japan elected Sanae Takaichi as the new party leader on Saturday, who is expected to become the country's first female prime minister in history.

  2. Following the unexpected victory of Sanae Takaichi, a supporter of stimulus policies, in the LDP leadership election, the Japanese stock market may receive support, while the yen and long-term government bonds may face pressure.

  3. OPEC+ representatives stated that the organization agreed to a slight increase in production in November. These representatives revealed that the organization will increase production by 137,000 barrels per day next month.

  4. Israel and Hamas are set to initiate negotiations on Monday under the mediation of a third party, aiming to end a war that has lasted for two years, devastated Gaza, and shaken the Middle East situation.

  5. Israel is slowing its offensive in Gaza and preparing to talk with Hamas. U.S. President Trump previously praised Hamas for proposing to release all hostages as a significant breakthrough in pushing to end the two-year-long war.

  6. Trump authorized the deployment of 300 National Guard members to Illinois to quell the wave of protests against his immigration policies. Meanwhile, a federal judge temporarily blocked his plan to send troops to Portland, Oregon.

  7. Bitcoin surged to $125,689 during the Asian session on Sunday, breaking the previous high set on August 14, thanks to a rise in the U.S. stock market and renewed inflows into Bitcoin-related ETFs.

  8. Sources revealed that the German government is set to raise its economic growth forecast to align the official predictions with those of the country's major research institutions.

  9. Nvidia's main server production partner, Hon Hai Precision Industry Co., Ltd., reported an 11% increase in revenue in the third quarter, reflecting strong demand for artificial intelligence infrastructure

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