Morning Edition · Tuesday, October 27, 2026
Macro
Brazil's Ibovespa falls 13.9% and the real drops 8.2% after Lula wins a fourth term
The National Treasury canceled this week's government bond auctions as investors repriced a fiscal path with public debt above 80% of output and no campaign promise of spending cuts.
Macro
Federal Reserve opens a two-day meeting with markets pricing a December rate increase
Spot gold eased 0.2% to about $4,007 an ounce and the dollar held near a one-week high before Wednesday's decision and Thursday's release of the Fed's preferred inflation gauge.
Geopolitics
Saudi, Pakistani and Turkish security chiefs press Iran on Hormuz after a record month of tanker attacks
The Makkah pact talks in Tehran follow 28 attacks on shipping in October and an Iranian claim, rejected by Trump and only partly confirmed, that seven tankers were hit in one night. Brent fell below $115.
Markets
European gas reaches a four-year high as storage runs below normal before winter
Dutch front-month futures rose to about €97.6 per megawatt-hour on Tuesday, while Britain weighs its largest undeveloped oilfield and Beijing orders state producers to drill more.
Geopolitics
Israelis vote with polls showing neither Netanyahu's bloc nor Eisenkot's bloc reaching a majority
About 7.3 million eligible voters choose among 36 lists in the first election since October 7, 2023, and JPMorgan estimates the shekel could move by up to 3% depending on the result.
Macro
Pakistan raises its policy rate to 12% as the oil shock reaches central banks and airlines
The State Bank of Pakistan made its first increase since April, while carriers from Thailand's Nok Air to JetBlue cut routes or report losses on fuel costs.
Macro
Former Bank of Japan governor Kuroda backs more rate increases as services inflation reaches 3.7%
Japan's services producer prices rose 3.7% from a year earlier in September, led by international cargo costs that nearly doubled because of the Middle East conflict.
Crypto
Ripple receives final approval for a US national trust bank as bitcoin trades near $80,000
Bitcoin fell about 1% before the Fed decision, and Tom Lee's Bitmine chose share buybacks over ether purchases as crypto prices declined.
Tech
Anthropic's prospectus shows $16.3 billion in first-half revenue and an $80.7 billion net loss
The AI company filed to list on the Nasdaq under the ticker ANT, while Nikkei Asia reports that AI demand has caused a shortage of circuit boards across the tech supply chain.
Geopolitics
Moscow hosts gas exporters and 22 African leaders with an agenda on payment systems outside Western banks
The Gas Exporting Countries Forum meets on Tuesday and the Russia-Africa summit follows on October 28 and 29, while Russian clients report new difficulties opening bank accounts in Turkey.
Geopolitics
US-brokered truce takes effect in Russian-held Oleshky as missiles strike Kyiv
About 2,000 civilians remain in the flooded Dnipro river town, while Kyiv's mayor reports damage to the South Bridge and Ukraine again lowers its 2026 growth forecast.
Geopolitics
Japan's defense minister heads to ASEAN talks in the Philippines as drone programs spread across the region
Tokyo has not confirmed whether China's defense minister will attend, while new reports describe Russian help for Chinese drone designs and a Taiwanese AI system to coordinate drone swarms.