- MSCI Asia-Pacific ex-Japan little changed; S&P 500 futures up 0.2%, Nasdaq up 0.5%
- Brent slips 1.1% to $103.50/bbl, WTI down 1.2% to $90.73 after Gulf strikes
- S&P 500 Q3 earnings seen jumping 30%+ with bulk from tech sector
- Treasury yields at 24-year highs; US investment-grade CDS at Iran war highs
- US CPI expected +0.6% to 3.7% y/y, core seen +0.2% to 2.5%
October 12, 2026
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Markets 12
- S&P 500 and Nasdaq futures barely changed ahead of reporting week
- Big banks including JPMorgan, Goldman, BofA set to report this week
- S&P 500 expected to post 29.6% Q3 earnings growth, 4th straight quarter above 25%
- Brent crude above $104/barrel; 10-year yield at 2002 highs; CPI/PPI data due
- Dollar remains near 18-month high
- Middle East conflict and inflation data in focus
- OCBC expects 'some near-term relief' for Indian rupee
- Measures unveiled over weekend to contain depreciation pressures
- US stock futures higher as oil prices decline
- Investors await Q3 corporate earnings results
- SK Hynix trading oversold near support level
- Stock has declined 15% recently
- Nikkei 225 showing coiled pattern within Ichimoku cloud on technical charts
- Indicates potential consolidation or breakout setup
- EUR/USD rebounds to around 1.1215 in early Asian session
- US Consumer Sentiment fell to 46.3 in October vs 48.1 in September
- French bond yields surged to multiyear highs amid debt crisis concerns
- ECB Vice President Boris Vujčić scheduled to speak later
- CSRC convened symposium over weekend following sharp tech sell-off
- Meeting brought together listed company executives and fund managers
- Authorities seeking to shore up sentiment amid US sanctions concerns
- Maintains S&P 500 index fund investments despite near-term market concerns
- Cites high earnings expectations, Middle East tensions, France debt crisis as headwinds
- Highlights data center/Nvidia challenges and Fed's inflation fight impacting yields/housing
- Advocates long-term consistent investing approach for retirement savings
- Hang Seng Index pressing cloud resistance at 24,372 level
- Hong Kong has only ~100 active angel funds vs Shenzhen's ~400
- City needs to ease listing rules to attract startups and become global hub
- HKEIA calls for relaxed transaction requirements to boost startup ecosystem
Macro/Economy 4
- IMF annual meeting starts Monday in Bangkok
- Finance officials and central bankers to discuss inflation, AI and climate
- Energy prices and bond yields loom over weeklong talks
- Communist Party members with energy backgrounds gaining influence
- Rising strategic significance of energy to support AI development
- Energy technocrats described as 'movers and shakers' in China
- Capital no longer main constraint; finding viable projects with predictable returns is key
- Power grids, renewable energy, low-carbon transport seen as top investment opportunities
- SCG invested in low-carbon cement despite lacking regulatory framework, drove industry shift
- Speakers say costs should be shared but not equally; smaller businesses have less capacity to absorb
- Singapore, Thailand pushing for Asean Power Grid, multilateral electricity trading
- Young homebuyers in Japan face choice between purchasing at high costs or renting
- Tokyo and Sydney among major Asia-Pacific markets reshaped by higher rates and home prices
- Rising borrowing costs driving demand for rental housing
Energy/Oil 3
- WTI trading around $90/barrel despite attacks on Riyadh airport, Houthi threats
- Drone struck oil tanker near Oman outside Strait of Hormuz over weekend
- US releasing 4 million barrels from strategic reserves due to Hurricane Isaias
- $90 level proving key CTA trigger point, causing position shifts: TD Securities
- Russia-Ukraine energy ceasefire claims remain unconfirmed by Kyiv
- Physical crude oil prices reach new high amid Strait of Hormuz disruption
- Supply disruption drives up premium for immediate delivery
- Gap between spot and futures delivery is widest ever
- Oil declined in early Asian trade on hopes Russian diesel can ease global fuel shortages
Gold/Metals 3
- PBOC added 23 tonnes in September, biggest monthly purchase in almost 3 years
- China imported record $158.8B, over 1,000 tonnes in first 8 months of 2026
- PBOC aims to reduce dollar dependence after Russia's frozen assets: Julius Baer
- Chinese households seeking safe haven as real estate slumps, CSI 300 down 8% YTD
- Analysts forecast gold prices to rise to $4,750-$5,500/oz by Q1 2027
- Beijing building gold-backed monetary architecture to accelerate yuan internationalisation
- Hong Kong aims to become international gold trading centre
- China is world's largest gold producer and importer
- Gold rose in early Asian trade as markets weighed pullback in oil prices
Crypto 1
- XRP Ledger used emergency patch to fix bug that could have created unlimited XRP
- Fix bypassed normal two-week validator vote process
- Bug was integer overflow in payment engine present since 2015
- No evidence the bug was exploited on public networks
- XRPL Foundation says decision was joint, not centralized control
Geopolitics 17
- One killed, 11 wounded in second attack on Saudi Arabia's King Khalid International airport
- Iran says US accepted some peace terms but called response 'inadequate'
- Houthi-affiliated media reported air strike on rebel-held Sanaa airport in Yemen
- Middle East war to dominate agenda at IMF-World Bank meetings
- High debt levels also key concern at Bangkok gathering
- One person dead in new attack on Saudi airport
- Attack occurred one day after Houthi strike killed 13 people
- Ongoing Houthi attacks targeting Saudi infrastructure
- Burnham is first UK PM to publicly acknowledge Russia interfered in 2016 Brexit referendum
- Said he received 'clear answer that yes, there was' interference
- Warned German and French voters of similar Russian interference threats
- Mentioned Russia-Alternative for Germany links in meeting with German Chancellor Merz
- 2020 Parliament report found UK govt failed to assess Russia's interference in 2016 vote
- At least 139 migrants died including 15 children, 84 missing after boat sank
- Vessel carrying 305 people (mostly Ethiopian) capsized north of Obock on Oct 8-9
- Boat was heading from Djibouti to Yemen
- Survivors reported boat started sinking backwards immediately after boarding
- North Korea launched several ballistic missiles from Pyongyang area on Monday
- Comes after weeks of tension over landmine explosion along inter-Korean border
- South Korea's military has increased surveillance and vigilance
- Trump announced energy ceasefire on social media, described as covering attacks on oil refineries
- White House official says proposal only covers oil refineries, not broader energy infrastructure
- No official confirmation from Moscow as of yet
- Iran FM Araghchi called Saudi counterpart offering to facilitate dialogue with Houthis
- Deadly Houthi attack on Riyadh airport killed 12, wounded 300
- Trump said he's reconsidering US role in Yemen, weighing strikes on Iran
- Iranian minister said region's crises have no military solution, only negotiations can end conflict
- Iran-Saudi diplomatic ties restored in 2023 remain operational despite recent deterioration
- US District Court ordered immediate halt to government-funded ads deemed propaganda
- Ads funded by $20M Department of Homeland Security contract
- Common Cause and SEIU Local 32BJ sued to block ads ahead of midterm elections
- Judge: plaintiffs likely to succeed on merits, will suffer irreparable harm without injunction
- Coalition: no legal justification for president to use government funds to influence elections
- PanStar Acro container ship completed round trip via Arctic route
- Voyage faster than conventional Suez Canal route
- Concerns over accelerated Arctic ice loss from increased traffic
- Route could expose operators to sanctions-related risks
- Taliban government opened road through Wakhan Corridor
- Creates direct trade route between China and Persian Gulf
- Experts say operationalization remains a long way off
- Pakistan suspended Khyber Pakhtunkhwa provincial government on Sunday
- Federal government cited party's failure to tackle 'terrorism' as reason
- Protest march led by Pakistan Tehreek-e-Insaf (PTI), opposition party of former PM Imran Khan
- Flash floods along Nepal's Budhi Gandaki River swept away homes and bridges
- Five people missing, six rescued
- Residents fled to higher ground
- Katie Zacharia appointed as White House press secretary
- King Felipe VI to visit Ceuta and Melilla in October, first visit as king
- Ceuta under Spanish control since 1415; Morocco claims it as occupied territory
- City has two names: Ceuta in Spanish, Sebta in Arabic
- July migration crisis saw over 72,000 migrants enter Ceuta from Morocco
- Young Myanmar exiles in Thailand send remittances to family back home
- They fled war, broken economy, and forced conscription after 2021 military coup
- Shadow banking channels provide financial lifeline despite official sanctions
- Vietnam's first copyright infringement case involving Japanese media
- Targeting piracy websites following pressure from US and Japan
- Landmark enforcement in content piracy hotspot
Tech/AI 3
- CXMT reports key progress on 4F square design for higher memory density
- Samsung and SK Hynix also developing same structure
- CXMT plans server-memory product using new structure by end of 2026
- ProLogium shifting to non-automotive sectors like AI and aerospace
- CEO says half of future sales will come from non-automotive applications
- Sluggish EV demand and high costs driving diversification
- Entertainment venues featuring advanced robots spreading across South Korea
- Robot baristas and humanoid K-pop dancers represent public-facing AI services
- Startups seek revenue beyond manufacturing with physical AI experiences
Companies 7
- MAAS Group stock sliding
- Decline follows Firmus IPO cancellation
- Lifestyle Communities stock experiencing significant decline
- Stock plummeting on Wednesday trading session
- American company Hertha Metals building plant in Texas to produce key ingredient for high-performance magnets
- Aim is to reduce US reliance on China for rare-earth magnet material
- Startup backed by Pentagon and Toyota
- JDI's Mobara factory to produce package substrates under fifth owner Shinko Electric
- Plant previously made LCDs for iPhones before Apple switched display technology
- Latest transformation in Japanese electronics sector fortunes
- Tamagotchi marks 30th anniversary next month
- Expanding in Asian markets including South Korea and China
- Licensing business includes fashion, cosmetics and K-pop collaborations
- Broadridge Corporate VP Carey sold $399,559 of company stock
- Chief Accounting Officer of American Well sold $8,489 worth of company stock
- Transaction represents routine insider selling activity
Other 6
- El Teniente mine partially suspended operations
- Fatal landslide occurred at the mine
- Category 2 hurricane made landfall near Destin, Florida on Friday
- At least 4 deaths reported; nearly 800,000 homes lost power at peak
- Around 356,000 customers still without power in Alabama and Florida panhandle
- Pensacola airport closed indefinitely; significant structural damage reported
- Heavy rain expected in South on Monday, expanding to lower North, Northeast, Central Plains and East on Tuesday
- Thunder showers, gusty wind and isolated heavy to very heavy rains forecast
- Cold air from China plus easterly winds bringing humidity from South China Sea
- Flash floods and run-offs possible in slopes and low-lying areas
- Rocky, 29-year-old dolphin transferred from France, died at Selwo Marina park in Spain
- Deaths include dolphin and beluga whale moved from Canada's Marineland to Valencia's Oceanografic
- Three belugas transferred from Canadian Marineland to Chicago also died
- Sea Shepherd France blames French government for authorizing transfers
- Groups cite 2021 French law prohibiting captivity of sea mammals
- In 1984, American Express acquired Lehman Brothers
- Author left to found Blackstone in 1985 after working at Lehman Brothers
- Recollection of Jim Robinson, CEO of American Express, during that period
- Grassroots singer performed 2-hour impromptu set after Hacken Lee's flight was delayed
- Concert held September 26 in Baotou, Inner Mongolia
- Lee was scheduled for grand finale but did not arrive in time
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