News

Market news: EU leaders are seeking to finalize a €45 billion loan to Ukraine guaranteed by the EU budget by the end of the year.

Local governor: Multiple industrial facilities in Voronezh Oblast, Russia, caught fire.

The local governor said: A Ukrainian drone strike in Russia’s Voronezh region killed two people and injured 17.

Bharat Oil Company executives: Russian oil imports decreased in November due to lower prices for Middle Eastern oils.

About 36% of S&P 500 constituents — 179 companies — will report quarterly results this week, FactSet says. Key names include Amazon, Alphabet and Microsoft, whose weightings have underpinned the index’s gains. Analysts still expect S&P 500 constituents’ Q3 earnings to rise 29.5% YoY, according to FactSet, but investors face headwinds from questions about the durability of AI-driven flows, elevated gasoline prices and bond-market volatility; tolerance for misses has narrowed and even companies that beat Wall Street estimates may not be rewarded.

Bharat Oil executives: Russian crude oil prices are good, but the company significantly reduced its crude oil purchases from Russia in November due to decreased commercial viability.

According to Business Insider, Elon Musk warned that AI cloud service providers are facing debt financing difficulties, and more than 200 companies may face large-scale elimination and consolidation. Despite Nvidia's emphasis on strong demand for AI computing power, delays in data center construction are exacerbating industry risks.

Australia's S&P/ASX 200 index closed up 19.00 points, or 0.22%, at 8814.20 on Monday, October 26.

According to the Financial Times, the EU is considering following Trump's lead in securing key mineral resources.

According to the Financial Times, Germany plans to purchase low-cost cruise missiles developed by Ukraine in order to acquire Ukrainian defense technology.

Japan's final August coincident economic index month-on-month rate was -1.8%, compared to -1.9% previously.

Japan's leading economic indicators rose 0.4% month-on-month in August, unchanged from the previous month.

Japan's leading indicator final reading for August was 118, unchanged from the previous reading.

Japan's August coincident indicator final reading was 118.8, compared to 118.7 in the previous month.

The yield on Japan's 30-year government bonds rose 0.5 basis points to 3.835%.

At the close of the morning session, most domestic futures contracts rose, with methanol and asphalt rising over 5%, propylene rising nearly 4%, polypropylene, polypropylene monthly average, fuel oil, and synthetic rubber rising over 3%, and styrene (EB) rising nearly 3%. On the downside, caustic soda fell over 3%, soybean meal and apples fell over 2%, live pigs and nickel fell nearly 2%, and red dates, coking coal, and coke fell over 1%.

According to the UK's Daily Telegraph, diplomatic sources say Russia hopes to include European countries in the negotiations, with the real aim of using the next round of talks to gain concessions on issues such as halting NATO's eastward expansion. Putin has consistently referred to NATO's eastward expansion as the "root cause" of the war.

According to the UK's Daily Telegraph, a Kremlin foreign policy advisor said that Europe should participate in negotiations between Russian, Ukrainian, and US officials because the continent is crucial to reaching an agreement.

The Australian S&P/ASX 200 index reversed its trend and is currently up 0.1%.

Canadian Prime Minister Mark Carney: Congratulations to Lula on his successful re-election as President of Brazil. Relations between Canada and Brazil have progressed. Let us take this opportunity to further strengthen our bilateral relationship, jointly create new trade opportunities, protect the environment, and bring greater prosperity to our peoples.