Microsoft expects multiple-gigawatt Maia deployment; Maia 300 rollout starts next year
Microsoft said it expects to stock multiple gigawatts of Maia chips in its server farms, with Maia 300 starting to roll out next year.
Market Context archive
Morgan Stanley Q3 2026 EPS and revenue exceeded estimates
Morgan Stanley reported Q3 2026 EPS of $3.03 versus an estimate of $3.01 and revenue of $20.34 billion versus an estimate of $19.89 billion.
IMF warns Colombia’s fiscal situation is unsustainable
The International Monetary Fund warned that Colombia’s fiscal situation is unsustainable.
European gas nears highest level since December 2022; UK prices remain near 2022 highs
European natural gas prices hovered near €87 per megawatt-hour on Wednesday, close to their highest level since December 2022. UK natural gas prices fell to 213 pence per therm that day but remained near their highest levels since 2022.
South Korea’s military reports North Korean projectile launch
South Korea’s military said North Korea launched an unidentified projectile toward the sea off its east coast.
LVMH reports double-digit mainland China sales decline in third quarter
LVMH said mainland China sales fell by double digits in the third quarter.
World Steel Association Forecasts 0.1% Global Steel Demand Contraction This Year
The World Steel Association revised its global steel demand outlook to a 0.1% contraction this year, reversing its previous forecast of 0.3% growth in April.
Bank of America found thousands of missed payments totaling $4 billion in activity
Bank of America found that it had missed thousands of payments totaling $4 billion of activity.
US export prices rise 2.2% month over month, above forecast
US export prices rose 2.2% month over month, above the 0.9% forecast and the previous 0.6% reading.
Poll: 54 of 63 economists expect Bank of England rate rise on November 5
A poll found that 54 of 63 economists expected the Bank of England to raise the bank rate to 4.00% on November 5.
Japan August Core Machinery Orders Rise 5.2% Month Over Month
Japan’s core machinery orders rose 5.2% month over month in August, versus a 3.0% poll forecast.
Pernod Ricard sales fell less than expected last quarter
Pernod Ricard SA said sales fell less than expected last quarter, as growth in India cushioned persistent weakness in the US and China.
AirTrunk delays planned Singapore REIT IPO until next year
AirTrunk is delaying until next year a planned Singapore IPO of a real estate investment trust, according to people familiar with the matter.
US exporters sell 470,000 tons of soybeans to China
US exporters sold 470,000 tons of soybeans to China.
Aritzia reports quarterly beat and raises full-year guidance
Aritzia Inc. reported another quarterly beat and raised full-year guidance, citing accelerating growth in the US and online sales.
Iranian state media reports oil tanker on fire in Strait of Hormuz
Iran’s army navy said, according to state media, that an oil tanker it described as “violating” was on fire in the eastern Strait of Hormuz.
Saudi-led coalition blames Houthis for attack on Riyadh airport
The Saudi-led coalition said Yemen’s Houthis were responsible for a Saturday attack on King Khalid Airport in Riyadh.
US unhappy with IEA emergency oil release, suggests extra 100 million barrels
The US told IEA nations it was unhappy with the emergency oil release and suggested supplementing it with an extra 100 million barrels.
China to cut VAT export rebate rate for NEVs to 9%
China is to cut the VAT export rebate rate for new energy vehicles (NEVs) to 9%.
ING expects next BOJ rate hike to reach 1.50% in January
ING expects the Bank of Japan’s next rate hike to 1.50% in January, or slightly earlier on 18 December.
Italy plans to collect 0.44% of GDP from financial sector in 2027–2029
Italy’s Draft Budgetary Plan says it plans to collect revenue equal to 0.44% of GDP from the financial sector over 2027–2029.