Morning Edition · Friday, November 6, 2026
Markets
Asian chip stocks follow the Nasdaq down as investors bet Democratic gains will slow data-center building
Japan's Nikkei closed almost 6% lower and in a bear market, South Korea's Kospi fell more than 8%, and Taiwan Semiconductor Manufacturing lost 9.6%, one day after the Nasdaq Composite dropped about 5.5%.
Macro
Bank of England raises Bank Rate to 4%, its first increase since 2023, and warns more rises are likely
Eight of nine policymakers voted for a quarter-point rise and one wanted half a point, and the Bank expects inflation near 5% by the middle of next year, which would leave the policy rate below inflation.
Macro
Ueno Bank's collapse freezes the savings of about 3 million Paraguayans and forces out the central bank chief
President Santiago Peña offered to resign and now faces a Senate impeachment trial, while depositors wait on a guarantee capped at about $38,000 each and the state has roughly $869 million trapped in the bank.
Markets
Brent climbs back toward $100 after new Hormuz tanker attacks but heads for a weekly loss of about 12%
Analysts at Goldman Sachs and JPMorgan say high prices have pushed the oil market back into surplus, and China's third-quarter carbon emissions fell 3.1% as industrial fuel use declined.
Geopolitics
Washington weighs resuming strikes on Iran on November 9, Fox News reports, as Riyadh denies a $51 billion Houthi demand
Russian state news agency TASS relayed the Fox report that US Central Command is finishing preparations, while Saudi Arabia called a Wall Street Journal account of Houthi ceasefire terms a fabrication and Israel's coalition talks move away from Prime Minister Benjamin Netanyahu.
Markets
Goldman Sachs cuts its year-end gold forecast to $4,150 as Fed officials argue for more rate increases
Spot gold rose about 1.2% to near $4,109 on Thursday as yields fell during the stock sell-off, then lost about 0.6% in Asian trading, while Indian jewelry stocks rose as much as 5% before the Dhanteras festival.
Crypto
Bitcoin falls to about $75,600 as more than $1 billion in leveraged positions are liquidated
Gold rose while bitcoin fell during Thursday's sell-off, and Core Scientific said it will end bitcoin mining by year-end after quarterly revenue from leasing data-center space to AI clients reached $215.4 million.
Geopolitics
Luxembourg court rules a Russian firm's securities were wrongly kept frozen as Britain holds an Indian captain over a Russian oil cargo
The October 30 judgment does not touch the roughly €210 billion of Russian central bank reserves frozen in the European Union, but it gives private holders a legal route out, while New Delhi has limited its response on Captain Ajay Pant to consular access.
Macro
Lula prepares a Sunday address on debt and interest rates after Brazilian stocks have their worst week since 2020
The Ibovespa fell 18.12% and the dollar rose 9.04% against the real in the week after the October 25 election, and the Banco Master fraud case is pushing the state-owned Banco de Brasília toward job cuts and possible privatization.
Geopolitics
Ukrainian drones hit the Afipsky refinery again as Russian strikes damage power facilities around Kyiv
Krasnodar's airport restricted flights during the attack, Vladikavkaz's airport suspended traffic, and the European Council president agreed to Italy's request to discuss what Prime Minister Giorgia Meloni calls disarray in peace efforts.
Geopolitics
Turkey's parliament ratifies the Makkah defense pact, committing a NATO member to mutual defense with Pakistan and Saudi Arabia
Lawmakers voted 279 to 119, which clears the way for the three-country agreement to enter into force. It treats an attack on one signatory as an attack on all and bars withdrawal for its first 10 years.
World
Democrats' midterm gains offer Asian exporters little near-term tariff relief because President Trump keeps his veto
Malaysian analysts expect current US trade measures to stay for some time, while commentators in Hong Kong and Buenos Aires say the new Congress will make relations with China harder and reflect voter anger over living costs.