Reuters Morning Bid: Fed Decision, AI Earnings, and Oil Market Risks

Reuters' Morning Bid podcast, hosted by Mike Dolan from London and Anna Shymanski, delivers a market news briefing for Wednesday, October 28. The episode covers the Federal Reserve's rate decision, central bank developments in New Zealand, Canada, Europe and Japan, AI-related earnings from major tech firms, and geopolitical risks affecting oil prices.

■ Central Bank Watch
- The Fed is expected to hold rates steady, with attention on dissenters and Chair Kevin Warsh's press conference
- New Zealand's central bank unexpectedly kept rates unchanged, moving the New Zealand dollar
- The Bank of Canada is set to raise rates for the first time in over three years amid inflation concerns
- The ECB and Bank of Japan are also scheduled to meet later this week

■ Tech and AI Earnings
- Microsoft and Alphabet are due to report results after the market close
- SK Hynix posted strong earnings, tripling net profit and outlining a large shareholder return plan
- Market reaction to AI funding deals, share sales and new stock issuances is discussed

■ Geopolitics and Oil
- Oil prices rose above $115 a barrel on reports of possible US strikes on Iran after the midterm elections
- Israel's election results remain too close to call, raising questions about future US-Israel coordination

Investors, traders and anyone following global markets will gain a compact overview of the key macro, corporate and geopolitical drivers discussed by the Reuters newsroom. The episode rounds out with recommended reading and links to further coverage on reuters.com.