News

Russia vetoed a US-drafted resolution on Western Sahara that would have scaled back peacekeeping missions.

According to the U.S. Commodity Futures Trading Commission (CFTC), in the week ending October 27, equity fund speculators increased their net short positions in the S&P 500 CME by 24,072 contracts to 372,747 contracts; equity fund managers increased their net long positions in the S&P 500 CME by 23,050 contracts to 917,513 contracts.

According to Axios, a diplomatic source revealed that Qatari negotiators have been holding talks with Iranian officials in Tehran for 12 hours, and the negotiations are still ongoing. The source added that Qatari mediators have also maintained regular contact with the White House throughout the day, stating, "All parties are continuing negotiations, working to push for an agreement between the United States and Iran."

Nasdaq-100 fell as much as 4.5% intraday on Friday and is now more than 10% below its recent peak, triggering its third technical correction of the year. The index was down roughly 3% for the week. Disappointing results from Alphabet (GOOG.O), Amazon (AMZN.O), Intel (INTC.O) and ServiceNow (NOW.O) set off a tech selloff, and rising financing needs among tech firms have added to sector volatility. Strategists say investors are re-evaluating AI returns and are increasingly focused on return on invested capital and the likelihood of recouping principal rather than assuming guaranteed outsized gains. US equities last recorded three or more 10% swings in a single year in 2022.

The UK Maritime Trade Operations Office reports that the crew is safe and no environmental impact has been reported.

The UK's Office of Maritime Trade Operations reported that a ship was hit by an unidentified projectile 40 nautical miles south of Ravan Island, Iran.

The U.S. State Department has approved a potential sale of Patriot Advanced Capability-3 (PAC-3) missile segment enhancement (MSE) variants to Ukraine for an estimated $2.1 billion.

Mexico's Finance Minister: In the short term, the most important part of managing the debt of oil company PEMEX has been completed.

A U.S. appeals court rejected the Justice Department's renewed request to temporarily block California from counting mail-in ballots from 20,000 alleged non-citizens.

Mexico's Finance Minister: If the economic momentum continues, the growth rate in 2026 may be close to the upper limit of the forecast range.

According to the Russian business news agency, Russia is considering imposing a ban on exports of liquefied petroleum gas (LPG).

Ukrainian President Zelensky: Russia continues to attack Ukraine's energy infrastructure, and Ukraine will respond appropriately.

According to Interfax news agency: Russian Foreign Minister Sergey Lavrov met with the Japanese Foreign Minister.

Nick Timiraos, the Fed's mouthpiece: Currently, FOMC members are still frequently speaking, with the aim of ensuring that the market fully understands the Fed's overall policy response mechanism.

The SEC’s enforcement director said the agency is reviewing the disclosures of artificial intelligence companies.

U.S. Central Command: The Iranian Revolutionary Guard's claim that it destroyed a U.S. military unmanned surface vessel is untrue. In fact, all U.S. military unmanned surface vessels in the Middle East have been confirmed to be in good working order, including an advanced unmanned surface vessel unit patrolling the Strait of Hormuz and supporting the U.S. Central Command's defense system.

The Dow Jones Industrial Average extended its losses to 1%.

Federal Reserve's Logan: Not adjusting interest rates at a particular policy meeting does not mean that the Fed has changed its ultimate interest rate target.

Federal Reserve's Logan: As long as the final interest rate target is clearly stated in advance, the market and the economy can be better prepared and adapt to the decision to temporarily pause interest rate hikes.

Federal Reserve's Logan: It is "unacceptable" that inflation has not fallen toward the Fed's 2% target.