Morning Edition · Sunday, November 1, 2026
Markets
Brent ends October 13.6% higher as Trump weighs new Iran strikes and OPEC+ moves to hold output
The expiring December contract settled at $117.64, its highest level since late April. Israeli officials believe diplomacy may end if there is no deal by Monday, but Washington says publicly that it has set no deadline.
Crypto
FBI blames North Korea's TraderTraitor for $6.3 billion Binance theft as Trump says "we don't know"
Binance says it will cover about 90% of the loss. The FBI has asked decentralized finance operators to block hundreds of wallet addresses, and Chainalysis says the attackers have already used thousands.
Macro
Two Fed officials voted for a hike while investors moved back into Treasuries before Tuesday's midterms
The 10-year Treasury yield ended October near 4.93%, below 5%, as worries about the US economy's dependence on artificial-intelligence spending outweighed the hawkish dissents.
Markets
Gold falls below $3,900 and silver drops 6% in a day as the Fed's hawks gain ground
Gold lost 7.2% in October and silver lost 19.2% while oil rose. Bitcoin ended the month about 39% below its record.
Macro
Brazil's real loses 9% in the week after Lula's re-election, and economists start raising inflation forecasts
The dollar closed at 5.446 reais, its highest level of 2026, and the Ibovespa had its worst week since March 2020. El Niño adds a second inflation risk through food prices.
Macro
Argentina's country risk rises about 30% in October as the central bank acknowledges a recession
The spread ended near 787 basis points. Economy Minister Luis Caputo has delayed consumer relief until March and is adding subsidies to slow utility increases, while former minister Domingo Cavallo calls for $15 billion in reserve purchases.
Geopolitics
Ukrainian drones set fire to Lukoil's Kstovo refinery, one of Russia's largest gasoline producers
Russia destroyed Kramatorsk's city government building overnight, hackers left a Belarusian-language message on the Russian statistics agency's website, and a six-day local truce allowed more than 750 civilians to leave Oleshky.
Geopolitics
Washington and Moscow look to China's APEC summit for a leaders' meeting after G20 ministers fail to agree
The G20 foreign ministers ended in Atlanta without a joint communiqué. Japan used a rare meeting with Sergei Lavrov to demand the release of a detained Japanese national.
World
France has a third weekend of youth-led protests with more than 560 arrests, and looting follows in Frankfurt
French authorities estimated about 320,000 protesters on Saturday. In Germany, "Gen Z" marches over education, living costs and conscription took place in more than 20 cities, and police in Frankfurt made more than 30 arrests.
Geopolitics
Iran designates MI6 a hostile group and lists Britain's navy and air force as terrorist organizations
Tehran calls the step reciprocal for Britain's July designation of the Revolutionary Guards under its state-threats law. Japan and Saudi Arabia have agreed to work together on restoring shipping through Hormuz.
Geopolitics
Taiwan accuses Chinese patrol ships of using radio calls to question merchant vessels off its east coast
Beijing describes the patrols as routine law enforcement in its own waters. Rubio has criticized Chinese "coercive behavior" across three seas, and Japan and South Korea have signed an Arctic pact.
Markets
India scraps its petrol export duty and raises levies on diesel and jet fuel as foreign investors pull $35 billion from Indian stocks
India's securities regulator will soon propose easier compliance rules for foreign investors. In Pakistan, cooking gas sells at twice the official price on the open market, and distributors threaten a strike.