Fed official Hammack said he is very interested to see what recommendations the working groups will make.

Foxconn expects to further increase its AI server market share by 2027, leveraging diversified AI solutions and a broad customer base.

A popular CHF carry trade is being unwound, boosting the Swiss franc and prompting market speculation about how much appreciation the Swiss National Bank (SNB) will tolerate. The franc's safe-haven bid strengthened in October amid European political turmoil, notably violent protests in France, eroding carry returns. The sell-CHF/buy-euro strategy's YTD cumulative return has fallen from 3.4% at end-September to 0.1% last week. CFTC data show asset managers trimmed CHF-short positions as carry attractiveness declined, but leveraged funds still hold large net CHF shorts; a reversal of those positions could add further upside pressure on the franc.