Goldman Sachs raises December 2026 Brent forecast to $90/bbl
Goldman Sachs raised its December 2026 Brent forecast to $90/bbl from $85/bbl, citing persistent supply risks expected to slow the unwinding of the risk premium in futures spreads.
Market Context archive
Most Bank of Mexico board members see room for easing into 2026 and 2027
Most Governing Board members said moderating core inflation and weak domestic consumption provide room to continue easing monetary policy into late 2026 and early 2027.
MSCI says Indonesia no longer merits emerging-market status
MSCI Inc. said Indonesia no longer merits emerging-market status, raising the possibility of removal from global stock indexes.
IRGC says unauthorized-route vessels will be pursued throughout the region
The IRGC said it would pursue throughout the region vessels using unauthorized routes and that punishment would be certain; it said handling of offending vessels would no longer be limited to the Strait of Hormuz.
Hain Celestial weighs possible Chapter 11 filing
Hain Celestial Group Inc. is weighing a possible Chapter 11 bankruptcy filing, according to people familiar with the matter.
Iranian state media says container ship sank in Strait of Hormuz after hitting a naval mine
Iran’s Revolutionary Guards said, according to state media, that a container ship sank in the southern Strait of Hormuz after hitting a naval mine.
Iran’s Revolutionary Guards say tanker exploded after mine strike in Strait of Hormuz
Iran’s Revolutionary Guards said, according to state media, that an oil tanker exploded after striking a naval mine in the Strait of Hormuz.
IMF warns euro zone energy-price relief could weaken inflation efforts unless calibrated
The IMF said euro zone government efforts to cushion consumers from high energy prices could weaken efforts to fight inflation unless calibrated.
Zinc futures hit lowest level since early August
Zinc futures fell to $3,670 per tonne in mid-October, their lowest level since early August.
China September CPI Rises Below Poll Expectations
China’s September CPI rose 0.9% year on year, below the 1.0% poll prediction.
Empty supertankers increasingly turn away from the Persian Gulf
A growing number of empty supertankers are turning away from the Persian Gulf as escalating Iranian attacks threaten a critical transfer hub for wartime oil shipments.
Goldman Sachs’ Trivedi says stronger yuan is an underpriced scenario
Goldman Sachs Group Inc.’s Kamakshya Trivedi said a stronger yuan is among the most underpriced scenarios in the $9.5 trillion-a-day foreign exchange market.
South Korea’s August L-money supply growth slows to 7.2% year over year
South Korea’s central bank reported that L-money supply rose 7.2% year over year in August, down from 8.1% in July.
ECB President Lagarde Says Energy-Driven Inflation Has Yet to Feed Into the Broader Economy
European Central Bank President Christine Lagarde said elevated euro-area inflation driven by high energy prices had not yet fed into the broader economy.
US Commerce Department to gain roughly 4% GlobalFoundries stake
The US Commerce Department is to gain roughly a 4% stake in GlobalFoundries, and new factories are to be jointly owned by the US and Japan.
US retail sales rose 0.8% month over month, above forecast
US retail sales rose 0.8% month over month, above the 0.3% forecast and below the previous 1.2% increase.
South Korea’s KOSPI falls more than 6% to its lowest level since late July
South Korea’s benchmark KOSPI plunged more than 6% to around 5,990 on Tuesday, its lowest level since late July. The report attributed heavy selling in semiconductor stocks to mounting concerns about AI valuations and Chinese competition.
China to restrict exports of several solar technologies
China will restrict exports of several solar technologies.
Two U.S. LNG tankers divert toward Europe as Asian demand dips
Two tankers carrying U.S. liquefied natural gas diverted toward Europe in recent days as Asian demand dipped.
US API crude oil stocks fall 11.12 million
The US API crude oil stock change was reported at -11.12 million, versus a forecast increase of 1.9 million and a previous decrease of 2.09 million.
BlackRock Q3 2026 adjusted EPS and revenue beat estimates
BlackRock reported Q3 2026 adjusted EPS of $15.93 versus an estimate of $14.15, and revenue of $7.75 billion versus an estimate of $7.4 billion.
UK Gas reaches highest level since December 2022
UK Gas increased to 211.26 GBp/thm, its highest level since December 2022.