Ozon reports drone attack and fire at St Petersburg logistics hub
Ozon reported that a drone attack sparked a fire at its logistics hub in St Petersburg.
Market Context archive
US CPI rises to 3.7% year over year, above the 3.6% forecast
US CPI inflation was 3.7% year over year, above the 3.6% forecast and up from 3.4% previously.
G7 agrees to release 100 million barrels of crude and diesel over four months, with diesel frontloaded
The G7 agreed to release 100 million barrels of crude and diesel over four months. A large share of the diesel release is frontloaded into the first 20 days, and the group pledged to avoid energy export restrictions.
Signs of increased state-backed fund presence after China index’s record losing streak
Signs are emerging that state-backed funds have stepped up their presence in the market after China’s benchmark stock index recorded a record 10-week losing streak.
US mortgage bond funds see among their seven worst outflows since 2021
Over the past three weeks, US mortgage bond funds had outflows ranking among the seven worst since the start of 2021, as surging interest rates spurred a flight from volatility.
Primary Health Properties forms £700 million venture with GIC
Primary Health Properties Plc formed a £700 million ($933 million) venture with GIC Pte.
South Korea’s KOSPI falls more than 3% as semiconductor selling resumes
The benchmark KOSPI fell more than 3% to around 5,595 on Tuesday, reversing gains from the previous session. Renewed selling in semiconductor stocks reflected persistent concerns about the sustainability of AI investment.
Wheat rebounds above $6.75 as traders assess Black Sea shipping risks
Wheat rose above $6.75 per bushel, rebounding from an over two-month low of $6.69 on October 13 as traders assessed escalating security risks around Black Sea shipping.
South Korean finance minister says semiconductor growth can last through 2027
South Korea's finance minister said semiconductor growth can last at least through 2027, citing tight supply despite a global chip sell-off.
South Korean president says equity-market correction was inevitable
President Lee Jae Myung said a correction in South Korea’s equity market was inevitable after its rapid ascent.
US NAHB Housing Market Index falls to 29, below forecast and lowest since 2012
The US NAHB Housing Market Index was 29, below the forecast of 31 and the previous reading of 32.
Confindustria warns energy shock could weigh on Italy’s growth
Confindustria warned that a worsening energy shock threatens Italian economic growth, forecasting 0.6% growth in 2027 versus 1% in 2026, matching the government’s forecast for that year.
Steel Dynamics reports EPS of USD 5.26, above expectations
Steel Dynamics (STLD) reported earnings per share of USD 5.26, compared with market expectations of USD 5.08.
Swedish CPI inflation was 1.1% year over year
Swedish CPI inflation was 1.1% year over year, matching the 1.1% forecast and down from 1.2% previously.
Aramco’s Dhahran headquarters extensively damaged in Tuesday attack
Aramco’s headquarters in Dhahran suffered extensive damage in Tuesday’s attack, with fire spreading to several floors, according to the source.
Peru’s economy grows more than 3% for a second straight month
Peru’s economy grew more than 3% for a second consecutive month, in line with expectations, driven by strong performance in most sectors.
China lithium carbonate falls to a near-ten-month low of CNY 100,000 per tonne
Lithium carbonate prices in China fell to CNY 100,000 per tonne in October, their lowest level in nearly ten months. The source attributed the move to concerns about softer demand alongside ample supply.
Saudi-led coalition says projectile landed near Dammam airport
The Saudi-led coalition said a projectile landed near King Fahd International Airport in Dammam.
South Korean won gains toward strongest level since October 2024
The won traded around 1,330 per U.S. dollar, extending gains toward its strongest level since October 2024.
India orders state-owned fuel retailers to stop procuring sugar-based ethanol
India ordered state-owned fuel retailers to stop procuring ethanol made from sugar and key sugarcane-based feedstocks.