Queen Elizabeth spent night in hospital following cancellation of Northern Ireland trip
The UK’s Queen Elizabeth spent Wednesday night in hospital, Buckingham Palace announced on Thursday, in an indication that her current illness could be more serious than initially indicated.
The Queen on Wednesday cancelled a scheduled trip to Northern Ireland, saying she had “reluctantly” accepted medical advice to rest for the next few days.
In an unexpected statement issued on Thursday evening, the palace said the monarch had attended hospital on Wednesday afternoon for “some preliminary investigations”. She returned to her home at Windsor castle at lunchtime on Thursday and remained “in good spirits,” the statement said.
The Queen, who is 95, lost her husband, the Duke of Edinburgh, in April this year at the age of 99.
The statement gave no details on which hospital the monarch had attended or the nature of the illness being investigated.
US House vote finds Bannon in criminal contempt
The US House of Representatives voted on Thursday to hold Steve Bannon, a former top aide to Donald Trump, in criminal contempt for his refusal to co-operate with a congressional probe into the attack on the US Capitol on January 6.
The Democrat-controlled House voted 229-202 to hold Bannon in criminal contempt, with nine Republicans joining 220 Democrats in voting to sanction him for failing to comply with a subpoena from a special committee investigating January 6.
The vote marks a major escalation of lawmakers’ pursuit of Trump and his allies in the wake of the Capitol siege that interrupted the certification of Joe Biden’s Electoral College victory. Bannon’s case will now be handed to the US Department of Justice, which will decide whether to pursue misdemeanour criminal charges against him.
Thursday’s vote comes just days after Trump sued the January 6 committee and the US National Archives in an attempt to prevent the release of nearly 50 documents relating to his presidency. The former president has argued that the documents can remain sealed — and his allies can stay quiet — because of executive privilege, a legal convention that means certain presidential communications can be held in secret.
S&P 500 caps seven-day winning streak with record high close
The S&P 500 staked out a new high on Thursday, with the US equities benchmark surpassing a previous peak made seven weeks ago as strong corporate earnings bolstered the mood on Wall Street.
The index closed up 0.3 per cent, led by technology stocks such as Microsoft, Tesla, Netflix and Amazon. The stock price of electric vehicle maker Tesla rose to a record high after beating earnings late on Wednesday.
Thursday marks the seventh consecutive day of gains for the S&P 500, the longest winning streak since June 2021. The index ended the longest period without a new record since November 2020.
The technology-focused Nasdaq Composite added 0.6 per cent, but remains about 1 per cent below its record high in early September.
The yield on the benchmark 10-year US Treasury note rose 0.03 percentage points to 1.69 per cent. The yield, which moves inversely to the price of the security, has climbed from about 1.3 per cent a month ago as traders have sold Treasuries in anticipation of the Federal Reserve reducing its $120bn a month of pandemic-era bond purchases. High inflation has also piled pressure on Fed policymakers to raise interest rates from their current record low.
Read more about the day’s market moves here.
What to watch in Asia today
Asia-Pacific Economic Cooperation Ministers from the Asia-Pacific trade group APEC will meet virtually today to discuss pressing topics such as the pandemic recovery and climate change.
Inflation: Japan releases its consumer and producer price indices data for the month today.
Price Manufacturing Indices: IHS Markit releases its monthly manufacturing and services PMIs — measures of economic activity — for Japan and Australia.
Reserve Bank of Australia: The RBA governor Philip Lowe speaks on a panel with the University of Chile today. Investors will scrutinise his comments for clues as to the future trajectory of monetary policy.
Meetings: Israeli prime minister Naftali Bennett will meet Russian president Vladimir Putin during a visit to the country.
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