πΊπΈ Former President Trump told journalists that he is trying to avoid missteps in resolving the Russia-Ukraine conflict. He also urged those advocating for stricter sanctions against Russia to think carefully. For more details, visit this link.
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π΄ Iran states that if attacked by the US and Israel, it considers military and political targets of the US and regional infrastructure involved in the conflict, including the IRGC, as legitimate for retaliation.
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π¨ Property prices in Russia may be misleading, with a 15% gap between listings and actual transactions. This disparity is accelerating and expected to grow further by 2026. Experts warn that current figures could be deceptive. More details are available at Izvestia.
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π₯πΊπΈ Berkshire Hathaway shares hit a new all-time high, reflecting strong investor confidence in the company's performance and market position. For more details, visit Bloomberg.
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π¨ NATO will allow Ukraine to purchase weapons, ammunition, and equipment through its centralized supply agency. This approach aims to streamline deliveries and serves as an alternative to bilateral deals, easing Kyiv's access to military supplies. More details can be found at FT.
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π¨ The United States currently is not engaged in talks with Tehran to resolve the conflict, according to Donald Trump. No negotiations are underway with Iran at this time, the former president stated. More details can be found on BBC.
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π Chinese company DeepSeek raised $15 billion from Tencent and CATL. Funds will be used for building data centers and developing open-source AI models to compete globally with US firms like OpenAI and Anthropic. The company also plans to conduct an IPO.
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π Tesla dropped 3%, IBM fell 4%, while Meta rose 2% and Texas Instruments gained 1% after earnings reports. Lam Research tumbled 7%, Las Vegas Sands declined 2%, Southwest Airlines dipped 1%, and QuantumScape surged 10%. SAP increased 2%. Markets reacted to quarterly results across sectors.
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π¨ In the crypto market, open interest and bullish sentiment surged as traders rushed into longs, hoping for huge profits, according to Santiment. However, overnight, something went wrong, indicating a shift in market conditions.
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π Brent crude prices hit May highs amid expectations of a major US-Israel military operation against Iran. Despite interventions by IEA countries, the market remains strong. US officialssay a military strike likely won't occur until after the November midterm elections, but reports suggest Trump may aim for a quick attack before then. The Israeli parliamentary votes on October 27 could also influence actions.
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πNovatek plans to redirect its LNG exports globally after new European import restrictions take effect. Europe still has time to reconsider its ban on Russian LNG, according to Mikhelsen. The shift aims to minimize disruptions in supply chains from Russia's Novatek (www.novatek.ru).
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π The Russian Association of Viticulturists and Winemakers (AVVR) maintains its stance on increasing tariffs on wine from unfriendly countries and opposes their imports.
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π Mikhelsen states current LNG prices are not sustainable for the global market. The rise in prices raises concerns about market stability and future supply agreements. Industry experts warn that these fluctuations could impact international energy supplies and energy security.
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π The IMF forecasts a decrease in the US-Iran conflict by early 2027, with normalization of energy trade expected within the year. The prediction highlights a potential shift in geopolitical tensions and market stability. Read more on the IMF's outlook.
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π³οΈ Bessent warns that Democrats will eliminate Trumpβs achievements if they succeed in the Congress elections. He emphasizes the potential rollback of policies under a Democratic victory. For more, visit this link.
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π¨ Democrat wins in Congress may threaten Trump's achievements, with some European leaders and Zelensky hoping for his political decline. However, Bessent states that even Democratic control won't fully block government initiatives. The NYT reports Trump could still wield broad powers. If Democrats control Congress, Trump may spend his last years facing lawsuits, impeachment efforts, and political obstacles.
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π’ The US Navy's presence in the Middle East could soon exceed 24 combat ships, according to the Wall Street Journal. This rise in troop numbers highlights ongoing geopolitical tensions in the region. More information can be found at Wall Street Journal.
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π₯ Europe officially launches the heating season as gas prices hit their highest in four years. The surge raises concerns over energy supply and costs across the continent. For more details, visit this link.
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