* North Korea fires ICMB but it failed in mid-flight, says South Korean military.
* Fed hikes target rate by 75 basis point and signals more to come
* Wells Fargo mortgage staff prepares for layoffs as lending activity slides
* China economic activity continues to slide in October in “broad-based slowdown”
* Global manufacturing output falls again in October
* Services sector is bright spot for US labor market in October
* US companies accelerate hiring in October to three-month high:
Expected long-run returns for most of the major asset classes continue to look relatively attractive after this year’s market declines, based on updates of models run by CapitalSpectator.com. In turn, a broad measure of risk assets points to a performance premium in the future vs. recent history.
* North and South Korea engage in missile launches aimed at each other’s coasts
* Brazil’s Bolsonaro breaks silence, allows transfer of power to proceed
* Netanyahu poised for comeback as Israel prime minister, exit polls show
* Eurozone factory downturn accelerates amid record inflation
* Fed expected to announce another 75-basis-points rate hike today
* China orders Covid lockdown around iPhone factory in Zhengzhou
* US job openings rebound in September despite Fed efforts to cool labor market
* Construction spending in US rebounds in September, surprising analysts
* US manufacturing activity is virtually stagnant in October via ISM Mfg Index:
Most markets around the world rebounded in October, reversing some of the losses that have dominated the major asset classes for much of the year to date, based on a set of proxy ETFs.
* Brazil President Bolsonaro remains silent after election loss
* Delta Air Lines pilots vote to authorize a strike
* The worst is yet to come for housing market, says homebuilders
* China manufacturing activity contracts for third month in October
* China workers flee Foxconn’s giant iPhone plant amid Covid outbreak
* US Circuit Court blocks sale of Simon & Schuster to Penguin Random House
* Texas manufacturing output grows but new orders slide and outlook worsens
* Chicago manufacturing PMI weakens further in October
* US 10-year Treasury yield near 14-year high ahead of Wednesday’s Fed decision:
