Zelenskiy says Russia hit six Ukrainian energy facilities on Monday
Ukraine’s President Zelenskiy said Russia hit six energy facilities in Ukraine on Monday.
Market Context archive
Canadian CPI rose 3.1% year over year, below forecast
Canadian CPI year over year was 3.1%, below the 3.2% forecast and above the previous 3.0%.
Daiichi Life offers to buy remaining stake in Challenger
Daiichi Life Group offered to buy the remainder of Challenger Ltd. that it does not already own, valuing the Australian firm at around A$7.9 billion (US$5.5 billion).
IMF forecasts 6.6% growth in Middle East, North Africa and Pakistan by 2027
The IMF forecasts a robust but uneven recovery in the Middle East, North Africa and Pakistan, with growth reaching 6.6% by 2027.
Germany 10-Year Government Bond Yield Falls to 3.38%
Germany’s 10-year government bond yield fell to 3.38%, its lowest level since September 2026.
Oasis becomes Nidec’s largest shareholder
Oasis Management Co. founder Seth Fischer said the activist fund increased its stake in Nidec Corp. to become its largest shareholder.
Singapore iron ore futures fall below $90 a ton to a two-year low
Iron ore futures in Singapore fell below $90 a ton to a two-year low, with the retreat attributed to soft demand in China and excess global supply.
Ancora Builds Stake in Big Yellow and Pushes for Sale Exploration
A presentation reviewed by Bloomberg News says activist investor Ancora Holdings Group has built a stake in UK-listed Big Yellow Group Plc and is pushing the self-storage company to explore a sale.
UBS expects a third Fed rate hike in March 2027
UBS now expects the US Federal Reserve to deliver a third rate hike in March 2027, revising its prior forecast that the hiking cycle would end in December.
Goldman Sachs reports Q3 2026 EPS of $17.01
Goldman Sachs reported Q3 2026 EPS of $17.01.
Draft plan proposes Qatar-built power plants and 20-year LNG deal with Lebanon
A document outlining a draft electricity plan says Qatar would construct two power plants and sign a 20-year LNG supply deal with Lebanon.
Progressive reports EPS of $4.37, above $3.67 expectation
Progressive (PGR) reported earnings per share of $4.37, compared with market expectations of $3.67.
Brent tops $105, reaching a nearly one-month high amid supply-disruption concerns
Brent crude topped $105 a barrel on Thursday, its highest level in nearly a month, as concerns over supply disruptions intensified.
US PPI and Core PPI Exceed Forecasts
US PPI year over year was 6.3%, above the 5.4% forecast and previous reading. Core PPI year over year was 5%, versus a 4.4% forecast and 4.6% previous reading.
BOJ’s Koeda warns against excessive hesitation in raising interest rates
Bank of Japan board member Junko Koeda cautioned against excessive hesitation in raising interest rates, reinforcing expectations of continued monetary tightening in the coming months after the central bank’s accelerated pace of normalizati…
Malaysia palm oil output may hit October and full-year records
Malaysia’s top growers’ group said palm oil production may reach a monthly record in October, putting full-year output on track for a record.
Skydance bonds weaken further as default-protection costs jump
Skydance Corp. bonds weakened further on Tuesday, while the cost of protecting the company’s debt against default jumped.
Botswana and leading De Beers bidder near agreement on ownership stakes
Botswana and a group leading the race to buy De Beers are near an agreement on their future ownership stakes in the diamond miner.
New Zealand inflation may accelerate in the final three months of the year
Inflation likely eased slightly in the third quarter, but is expected to accelerate in the final three months of the year as a weaker currency and surging oil prices take effect.
Iran’s acting oil minister says South Pars gas capacity return is accelerating
Iran’s acting oil minister said the return of South Pars gas capacity is accelerating.
BoJ’s Ueda warns underlying inflation could overshoot 2% target
BoJ Governor Kazuo Ueda said underlying inflation could overshoot the 2% price target and that the price trend is approaching 2%.
DR Congo central bank plans to require some payments in francs
Governor Andre Wameso said the central bank will soon require a range of payments, including those to mining subcontractors, to be made in francs instead of dollars.