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Reserve Bank of Australia Governor Bullock: The policy outlook remains unclear, and the market will interpret it itself.

The governor of Russia's Yaroslavl region said that a local oil refinery was attacked and damaged by 124 drones.

Reserve Bank of Australia Governor Bullock: The committee makes policy choices, rather than trying to guide expectations.

Australia's S&P/ASX 200 index closed up 24.00 points, or 0.27%, at 8880.50 on Tuesday, November 3.

Reserve Bank of Australia Governor Bullock: Uncertainty about how high interest rates need to rise.

Reserve Bank of Australia Governor Bullock: There is no certainty of another rate hike; the aim is to preserve policy options.

Reserve Bank of Australia Governor Bullock: This rate hike may not be enough, but it's not obvious at the moment.

Stephens upgraded Oracle (ORCL.N) from "Neutral" to "Overweight" and raised the target price from $185 to $213.

Reserve Bank of Australia Governor Bullock: There is currently no wage-price spiral.

According to foreign media reports, Disney plans to lay off thousands of employees and has asked some management to cut costs by 20% annually. This is not Disney's first round of layoffs recently. Since announcing 7,000 layoffs in 2023, Disney has implemented at least six rounds of layoffs, affecting its film, television, Pixar, ESPN, and administrative departments. The management team has also undergone two CEOs, Bob Iger and Josh D'Amaro. The company is improving profitability through cost-cutting, but its stock price is still down 44% from its all-time high, while the S&P 500 has risen 97% during this period. The continued shrinkage of its traditional television business, streaming competition, and huge capital expenditures on theme parks are the main factors affecting the company's valuation recovery. Viewers are shifting to social media, online video, and streaming services from Amazon and Apple, creating a cyclical shift. Disney will release its Q4 fiscal year results in two weeks, at which time we will know how much of the so-called "20% cost cut" has been included in its guidance.

Reserve Bank of Australia Governor Bullock: We have no intention of letting the economy fall into recession.

Reserve Bank of Australia Governor Bullock: Members who support keeping interest rates unchanged have not ruled out a rate hike, but simply want to see more data.

Reserve Bank of Australia Governor Bullock: I have not yet seen any cracks in the economy.

Reserve Bank of Australia Governor Bullock: The unemployment rate remains relatively low and employment is still growing.

Reserve Bank of Australia Governor Bullock: Monetary policy will work, but it will take time to fully transmit.

Reserve Bank of Australia Governor Bullock: The best course of action right now is probably to pause operations and assess the upcoming data releases.

Reserve Bank of Australia Governor Bullock: I don't know what the next interest rate move will be, and I'm not providing guidance.

Reserve Bank of Australia Governor Bullock: This is not a good situation.

Reserve Bank of Australia Governor Bullock: The inflation level for the next year is largely set.

Reserve Bank of Australia Governor Bullock: Members who voted to keep interest rates unchanged believe they need to wait a while longer for more data.