Global TradFi & Macroeconomics

On Friday (October 9), French 10-year government bond yields fell 4.2 basis points to close at 4.853% in European trading. The 2-year French bond yield dropped 9.5 basis points to 3.643% for the week. Among other eurozone sovereigns, Italian 10-year yields fell 3.0 basis points to 4.572%, while

Tesla rebranded its Full Self-Driving (Supervised) system to 'Assisted Driving' in Europe after the German Federal Ministry of Transport called the original branding 'somewhat misleading' in a Tuesday statement. The German regulator stated that FSD 'is not a system that takes over the entire

Shares of AT&T Inc., T-Mobile US Inc., and Verizon Communications Inc. declined 11% each on Friday, Oct 9, 2026 (10:45 PM IST) in US Stock Market News following SpaceX's announcement of a low-band spectrum acquisition that positions Starlink to compete directly with traditional wireless carriers.

Former Deutsche Bank trader Christian Bittar had his Euribor-rigging conviction overturned by London's Court of Appeal on Friday, October 9, marking a significant extension of reversals in the UK Serious Fraud Office's post-financial-crisis benchmark manipulation prosecutions. Bittar pleaded guilty in 2018 to conspiracy to defraud over attempts to manipulate the Euro Interbank Offered Rate and was sentenced to five years and four months in prison. The conviction was quashed because Bittar's guil

According to the University of Michigan, the U.S. consumer sentiment index preliminary reading for October stood at 46.3 on October 9, falling short of market expectations of 47.6. The reading declined 3.7% month-over-month from September's 48.1 and fell 13.6% year-over-year. The index's current ec

On Friday, October 9, London's Court of Appeal overturned the Euribor-rigging conviction of former Deutsche Bank trader Christian Bittar, who had pleaded guilty in 2018 and was sentenced to five years and four months in prison. Bittar is the first defendant in UK Libor and Euribor cases to have a co

As of Oct. 9, US Stock Market News indicates that polls and prediction markets are pointing toward a "blue wave" in November's midterm elections, one that could see the Democrats take a majority in the House and create a tie or take control in the Senate. Some investors are calibrating their

The Federal Reserve's overnight reverse repurchase agreement (RRP) usage fell to $300 million with one counterparty on Friday, October 9, down from $335 million recorded the previous trading day.

According to Yicai, the crypto market experienced a sharp selloff this evening with Bitcoin plunging over 3% to $83,511, marking its lowest point in a week. Ethereum dropped nearly 5%, while Solana, HYPE, XRP, and ZEC each fell over 3%. Coinglass data shows that over 110,000 cryptocurrency

Firmus, an Australian AI data center operator backed by Nvidia, canceled its planned initial public offering on October 9, citing unfavorable market conditions, according to Reuters. The company had originally targeted a valuation approaching A$44 billion ($31 billion) but faced weak institutional d

On October 8, Nobel Prize-winning economist Paul Krugman warned that France's worsening public finances are on an "unsustainable path" and could trigger a debt crisis across the eurozone. In an article published the same day, Krugman stated that France's situation is concerning and poses a risk

According to Baker Hughes, U.S. energy companies added drilling rigs for the fourth time in five weeks. The data reflects continued activity in the upstream energy sector, though specific rig count increases were not disclosed in the available

U.S. total drilling rigs increased to 603 this week, up from 598 in the previous week, according to latest data.

U.S. oil rig count rose to 462 in the week ending October 9, up from 456 in the previous week.

The U.S. natural gas drill count totaled 132 wells in the week of October 9, down one from 133 wells in the prior week.

London Metal Exchange (LME) base metal futures closed mixed today (October 9). Copper rose $231 to $14,540 per ton, while aluminum declined $2 to $3,048. Zinc advanced $87 to $3,806, lead gained $28 to $1,888, and nickel climbed $69 to $15,622. Tin surged significantly by $1,559 to $53,006, while

According to FinanceFeeds reporting on the enforcement campaign, U.S. authorities on September 14 filed a civil forfeiture complaint against approximately $61 million in cryptocurrency allegedly connected to black-market Iranian oil sales. Federal prosecutors in Manhattan identified Chinese

On Friday (Oct 9), German two-year Bund yields rose 1.8 basis points to 3.127%, climbing 5.1 basis points for the week. The 10-year yield declined 1.4 basis points to 3.481% on the day but gained 1.9 basis points weekly. The 30-year yield advanced 3.4 basis points to 3.853% this week.

Block's Cash App will distribute payments from a $15 million settlement to approved claimants in October 2026, following final court approval granted on 27 March 2025 by Magistrate Judge Sallie Kim in the Northern District of California. The settlement resolves allegations in Salinas v. Block,

On Friday, the yield spread between France and Italy's benchmark 10-year government bonds reached a record high of 30 basis points. Investors are now demanding higher compensation for holding French debt over Italian debt—a reversal from last year, when Italy was considered the higher-risk