Markets

Brent briefly falls below $90 as hopes grow for end to Iran war

The oil benchmark traded below $90 a barrel for the first time since August as Trump signalled progress towards ending the conflict, while stronger-than-expected core inflation put interest rates in focus.

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US markets

S&P 500 closes down 0.38% as Nvidia selling and inflation weigh

The index finished at 7,520.

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Markets

Treasury yield rises as monthly core CPI gains 0.3% and Waller signals larger hike

The 10-year Treasury yield jumped after core inflation exceeded economists’ expectations, as Waller said a 50 basis point increase should be considered for December in a conditional proposal.

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Precious metals

Spot gold slips 0.6% as focus shifts to U.S. inflation data

Gold traded at $4,115.S. inflation data, while December gold futures edged higher.

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Global markets

European stocks rise after Dow gains 1,100 points in technology rebound

A Nasdaq advance of more than 2% helped set the stage for gains across Asia and Europe as investors bought technology shares after last week’s sell-off.

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Markets

Stocks fall as October consumer prices rise 0.4%

The 10-year Treasury yield moved back toward 5% as stronger-than-expected inflation and Waller’s comments fuelled rate-hike expectations, with a larger December increase in focus.

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UK markets

FTSE 100 futures steady ahead of Bank of England rate decision

The Bank of England is expected to raise Bank Rate from 3.

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US rates

Fed faces inflation pressure as rate rise appears unlikely this week

Some investors and economists had expected a quarter-point increase to about 4.1% after stronger-than-expected inflation, but an immediate move now appears unlikely.

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Brazil

Lula’s election victory puts Brazil’s debt and spending outlook in focus

The Brazilian Treasury canceled two bond auctions planned for this week as concerns about demand and soaring yields underscored the fiscal constraints facing Lula after his election victory.

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Japan markets

Japanese life insurers are net buyers of superlong government bonds for four months

Strategists say sustained net buying could support upcoming auctions as Japan seeks to address fiscal concerns among foreign investors, who held 13% of government bonds at the end of June.

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China

China’s stocks lose $3.5 trillion since May peak as profits weaken

Falling corporate earnings complicate the case for buying cheaper shares, while economic weakness has yet to trigger forceful new stimulus.

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Eurozone markets

France’s 10-year bond yield tops 5% ahead of expected ECB hold

The French bond sell-off is tightening eurozone borrowing conditions before next week’s European Central Bank decision, with Christine Lagarde signalling that Paris must first address its debt problems.

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U.S. markets

Dow falls more than 600 points as oil prices rise

The broad retreat on Oct. 23 came as October consumer sentiment remained flat and inflation expectations rose to 4.7% for the year ahead.

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US equities

Bloom Energy shares fall 11.24% as cash concerns overshadow record third-quarter revenue

Bloom Energy reported record third-quarter revenue, up 138% from a year earlier, but negative free cash flow of $181 million and heavier expansion spending weighed on its shares.

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Global markets

Global stocks fall on AI concerns as Brent reaches $112 per barrel

AI-stock losses pulled markets lower worldwide as investors questioned the sustainability of AI spending, while concerns over the war with Iran pushed oil prices to their highest levels since May.

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Oil markets

Brent crude tops $113 as supply threats push prices to highest since May

Oil prices reached a five-month high as attacks threatened global supply and Trump indicated possible action on Iran, while European shares fell amid expectations of higher inflation and borrowing costs.

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US markets

10-year Treasury yield falls below 5% to lowest in nearly a month

Investors moved into US government bonds as technology shares declined, with the 2-year Treasury yield dropping 20 basis points to 4.

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U.S. markets

Nasdaq falls 2.1% as AI-spending concerns and higher oil weigh on stocks

Technology shares led Thursday’s U.S. equity decline as investors reassessed corporate investment plans and Brent crude reached $112 per barrel, while demand for Treasuries pushed yields lower.

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Global markets

SpaceX’s $4.4 billion quarterly profit bolsters market sentiment

Shares rose overnight after the company reported its first quarterly profit since going public, helping lift technology futures as investors awaited results from Meta and Tesla.

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Oil markets

Brent falls $2.11 to $110.74 a barrel as Middle East risks persist

Brent’s 8 a.m. Eastern price on Oct. 21 was below the previous morning’s level but remained above its month-earlier and year-earlier comparisons.

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Precious metals

Gold falls for fourth session as oil rally raises inflation concerns

A 9:00 a.m. ET snapshot put gold at $4,129.91 per ounce, above the previous day’s comparable quote, despite the broader account of a fourth consecutive session of declines.

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US markets

Nasdaq rises 1.1% as technology shares rebound

The S&P 500 closed 0.4% higher as investors returned to technology stocks after last week’s declines, despite rising Treasury yields.

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Asian markets

Nikkei falls 0.85% as Asia-Pacific markets open lower

Japan and South Korea began Tuesday’s session lower, contrasting with a technology-share rebound in the US and a slight rise in stock futures.

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Markets

Nasdaq 100 futures rise 1.1% as AI shares lead Wall Street rebound

Investors returned to artificial-intelligence stocks after the previous week’s sell-off, while European markets declined and the US 10-year Treasury yield rose to 5.

3 min read