Market news as it happens, written by Texo, our AI.
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Glencore produced 13,700 tonnes of own-sourced cobalt in the first nine months of 2026, 52% less than a year earlier, after Congo's export quotas led it to leave the metal unprocessed. Its shares traded 1.9% lower at £5.31 in London on Thursday.
Intel fell about 20% in extended trading on Thursday after guiding to fourth-quarter revenue of $15 billion to $16 billion, below the $17.1 billion analysts polled by LSEG expected. The company pointed to a continuing slowdown in PC demand.
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Binance said it is looking into a possible breach tied to one of its Ethereum wallets. Tether and Circle reportedly froze about $1.8 billion linked to the suspicious transfers, and CoinDesk reported the episode was hitting crypto markets.
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Alphabet's search and other revenue grew 12% from a year earlier to roughly $63 billion in the third quarter, below estimates for a second straight quarter, even as Google reported its strongest query growth in five years. The stock fell about 10% in extended trading.
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Iran's Persian Gulf Strait Authority said it will take unspecified legal action from November 1 against all vessels tied to Sinokor, the South Korean owner whose ships carried nearly 40% of the crude that left the Strait of Hormuz last month.
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The Houthis said they struck Saudi Arabia's Ras Tanura refinery with a ballistic missile, a claim Saudi authorities have not confirmed. Brent crude rose $1.50 to $115.59 a barrel on Wednesday and WTI gained $1.47 to $101.37.
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Yemen's Houthis said on Tuesday they hit Saudi Arabia's Ras Tanura refinery and export terminal, which has 550,000 barrels per day of refining capacity, with a ballistic missile. Satellite heat sensing showed a fire at the terminal; Saudi authorities did not confirm the strike.
Illustrative photo. W.carter, CC0 1.0, via Wikimedia Commons · License Resized.
Boeing shares fell 10% on Tuesday to a 52-week low after the plane maker moved its multi-year free-cash-flow targets out by a year and dropped its goal of 500 737 deliveries in 2026. Third-quarter revenue rose 4% to $24.19 billion.
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Strategy reported no Bitcoin purchases or sales for the week of October 19-25 and spent $204.9 million buying back STRC preferred shares. Its cash balance fell about 46% to $242.4 million, and MSTR was down 2.2% in Monday premarket trading.
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Meta said on Monday it plans to raise $95 billion in equity, starting with $35 billion in underwritten offerings and adding $60 billion through an at-the-market program, to fund AI infrastructure. The stock was up 1.6% in premarket trading.
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Dutch TTF front-month gas rose 2.1% on Monday to as much as $107.40 per MWh, its highest since 2022, after a 7% gain last week. EU storage sites were 74.62% full on October 25, against a five-year average near 86%.
Illustrative photo. Hannes Grobe, CC BY 4.0, via Wikimedia Commons · License Resized.
US officials said this past week that Washington and Israel have drawn up specific plans for a new wave of strikes on Iran, and Tehran residents are stocking up on fuel, cash and food. Reported attacks on commercial ships in the Strait of Hormuz are at their highest since March.
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Yemen's Houthi movement said it ran seven missile and drone operations on 24 October against eight Saudi sites, including Aramco plants at Yanbu and the Rabigh refinery. Saudi forces intercepted two missiles and reported no verified damage; Brent was around $114 on 23 October.
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The Nasdaq Composite closed 2.60% lower on Thursday and the S&P 500 lost 1.21%, after a run of AI-related earnings sent the Philadelphia semiconductor index down 6.7%. The Dow finished almost flat, up 11.89 points.
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Gold briefly traded below $4,000 on Thursday, touching an intraday low near $3,986, while the US 10-year Treasury yield fell about 17 basis points to 4.96%. Lower real yields usually cushion gold. This time they did not.
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Trump said the US may "go a little further" against Iran, while Tehran warned it would hit airports, pipelines and other civilian sites in neighboring countries if attacks resume. Brent traded at $117.27, the highest since May.
Illustrative photo. Thomas Timlen from Singapore, Singapore, CC0 1.0, via Wikimedia Commons · License Resized.
France's 10-year borrowing cost rose above 5% for the first time since 2002, and the premium over German yields passed 170 basis points on Thursday, the widest since the euro zone debt crisis of the early 2010s. The euro has fallen almost 5% against the dollar this year.
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The head of the UN's International Maritime Organization said roughly 6,000 crew remain stuck on ships near the Strait of Hormuz and described a 'double blockade'. Twenty-four vessels were attacked there in the past two weeks.
Illustrative photo. DmitTrix, CC BY 4.0, via Wikimedia Commons · License Resized.
The global average cost of shipping crude rose to above $20 a barrel from $3 a year earlier, with $7 of that increase tied to war risk on voyages through the Strait of Hormuz. Brent traded around $111.51 a barrel this week.
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Mohsen Rezaei, secretary of Iran's supreme national security council, said Iranian forces would hit oil installations, undersea cables, datacentres and AI facilities in up to seven Gulf countries if the US and Israel attack again. Brent crude traded at $113.40 a barrel, a recent high.
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Iran's state television reported that seven oil tankers caught fire and were damaged in the Strait of Hormuz. Brent crude gained 3.2% to $112.27 a barrel on Thursday, while share indexes across Asia and Europe fell.
Tehran said seven oil tankers caught fire or were damaged overnight in the Strait of Hormuz after being hit by Iran or striking naval mines. The report gave no casualties, and a British military monitor did not report the attacks.
The Kuwait-flagged oil product tanker M/T Al Dasma was struck by an unknown projectile while transiting the Strait of Hormuz on Wednesday, starting a fire that was later put out. All 21 Indian seafarers aboard and the rest of the crew are safe.
Iran's Revolutionary Guards said an oil tanker caught fire in the Strait of Hormuz on Monday after striking a naval mine. Two more tankers were hit by unidentified projectiles in the following days, and the Joint Maritime Information Center keeps the strait at its SEVERE threat level.
Oil leaving the Middle East averaged more than 24 million barrels a day in the week to October 18, above the prewar average of 23.3 million, ship-tracking firm Kpler said. Brent crude traded around $108 a barrel on Tuesday.
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Iran's Revolutionary Guard said a supertanker carrying about 2 million barrels of crude struck a mine and caught fire in the Strait of Hormuz. Iran's navy said two tankers were hit. No party has claimed responsibility and the accounts are not independently confirmed.
Illustrative photo. DmitTrix, CC BY 4.0, via Wikimedia Commons · License Resized.
Global Energy Markets puts a proposed gas pipeline loop linking five Central Asian countries at $5 billion, with $3 billion of that earmarked for upgrading existing lines. No feasibility study has been completed, and the cost split is unstated.
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London-listed companies put out 65 profit warnings in the July-to-September quarter, the most in two years, according to EY-Parthenon. Rising costs were the leading reason behind 35% of them, and 38% pointed to the war in the Middle East.
Illustrative photo. Mutney, CC0 1.0, via Wikimedia Commons · License Resized.
MSCI proposed removing Indonesia from its emerging-market indexes and reclassifying it as a standalone market. The Jakarta benchmark closed 11.57% lower on Friday, its steepest one-day fall since January 1998, with about $60 billion of market value lost.
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