Markets · past 7 days
Equities, bonds, commodities, and energy: where macro and geopolitics get marked to market every day. Coverage favors the moves that confirm or contradict a tracked thesis over the day's noise.
Markets
Oil falls to about $103 after Trump declares a Russia-Ukraine "energy ceasefire" that covers only refineries
Brent dropped 1.3% in early Asian trading, but Russia struck Ukrainian power plants in Kharkiv and Kyiv within hours of Trump's announcement, and continued Houthi attacks on Saudi Arabia kept crude above $100, as neither Moscow nor Kyiv has formally confirmed the truce.
Markets
Oil freight costs have risen eight- to tenfold since the US-Iran war began, and a South Korean ship completes an Arctic round trip to Europe
Shipping costs for finished goods are up about 73%, and the PanStar Acro returned to Busan after 50 days on a route along Russia's Arctic coast that cuts the distance to Rotterdam by about a third.
Markets
Washington Suspends Russian Diesel Sanctions Until April Under a Trump-Putin Supply Deal
Russia is to deliver up to 4.8 million tonnes of diesel in stages, and President Trump answered Ukraine's objections by saying the country needs a new president.
Markets
Supertanker Rates Topped $1 Million a Day as the Iran War Lengthened Oil Voyages
Brent crude ended Friday near $104 a barrel, and governments have begun a further 100-million-barrel emergency stock release that critics say uses up the world's last supply buffer.
Markets
Trump Says Putin Will Ship Millions of Tonnes of Diesel to US and World Markets as Treasury Pauses Sanctions
Heating oil futures fell as much as 5% after Friday's settlement, and Ukraine hit a Russian fuel terminal within hours of the announcement.
Markets
Hurricane Isaias Shuts About 71% of US Gulf Oil Output as Delta Cuts Its Forecast Over Fuel Costs
Operators took nearly 1.46 million barrels a day offline before the storm made landfall near Destin, Florida, at the same time as the United States faces a diesel shortage despite producing about 13.8 million barrels of crude a day.
Markets
Brent holds above $100 after a 4.1% jump as Trump rules out striking Iran before the midterms
The US blockade at the Strait of Hormuz stays in force, and Vitol's chief executive says ship-to-ship transfers in the Gulf of Oman are the main reason prices are not far higher.
Markets
Sensex drops 1,045 points as $104 oil and expected rate hikes hit Indian assets
Thursday's sell-off erased nearly ₹10 lakh crore in market value and pushed the India VIX volatility index up 10%, but Indian equities rebounded sharply on Friday as crude oil eased and the rupee firmed.
Markets
Gold rises 1.1% as Treasury yields ease, while bitcoin falls for a fourth straight day
Spot gold climbed to about $4,178 an ounce from a two-month low, and bitcoin traded near $82,700 as investors pulled money from bitcoin exchange-traded funds.
Markets
Brent settles at $104 as Iran steps up tanker attacks, while Trump rules out Iran strikes before the midterms
President Donald Trump says the US will not attack Iran before the November 3 election, but attacks on tankers and a Gulf of Mexico hurricane pushed oil up 4% on Thursday, and long-term Treasury yields remain near their highest levels since 2002.
Markets
Tanker attack off Oman injures 11 Indian sailors as Hormuz strikes rise and Brent holds near $100
Gulf crude exports have climbed back above pre-war levels, but the UK maritime security agency has logged nine attacks in the area this month, half of September's total.
Markets
S&P 500 sets another record as the Magnificent Seven recover, while Goldman Sachs warns of froth
The S&P 500 is up 14% this year as long-term Treasury yields climb. Legacy Paramount bonds fell after a Fitch Ratings downgrade.
Markets
Brazil's Bovespa rises 7.7% to a record after Flávio Bolsonaro finishes ahead of Lula in the first round
The real (Brazil's currency) gained 4.1% to about 5 per dollar, and the October 25 runoff depends on whether Lula can turn out some of the more than 30 million Brazilians who did not vote.
Markets
Yemeni government forces say they have retaken the Bab el-Mandeb coast as Gulf crude moves out of the region on routes that avoid Hormuz
Standard Chartered estimates that Gulf crude exports excluding Iran are back near pre-war levels even though tanker traffic through the Strait of Hormuz remains well below normal, with Brent near $102 and Murban near $110.
Markets
Gold futures fall below $4,150 an ounce for the first time since September 28 as Treasury yields and the dollar rise
Spot gold traded near $4,129 on Tuesday, about 26% below its 2026 peak, while central bankers told Reuters the metal remains a core reserve asset despite higher bond yields.
Markets
Brent Falls to About $101.60 as Group of Seven Reserve Releases and Recovering Gulf Exports Outweigh Houthi Claims Against Aramco
Diesel supplies are tighter than crude. China has halted most October fuel exports, and Washington has threatened Germany and France with a diesel export ban unless they release their own stocks.