01Neutral
French 10-year bond yield hits 5% for first time since 2002 amid unrest
French 10-year bond yield hits 5% for first time since 2002 amid unrest
EVENING BRIEF
Oct 21 Evening Brief2026-10-21
French 10-year bond yield hits 5% for first time since 2002 amid unrest
- 47stories
- 0bullish
- 0bearish
- 5sections
Key points
- French 10-year bond yield hits 5% for first time since 2002 amid unrest
- Total UK government debt hits £3tn for first time while inflation jumps to highest in nearly a year – business live
- India’s Coal Crisis Deepens as Power Demand Surges
- Dow Jones futures rise on Fed rate pause expectations, AI tech rally
- UK inflation jumps to 3.5% — cementing rate hike expectations
KEY POINTS
What moved markets
02Neutral
Total UK government debt hits £3tn for first time while inflation jumps to highest in nearly a year – business live
Petrol and diesel costs rise the most in four years but food prices dip on the month; UK approves controversial North Sea gasfield Jackdaw. The approval of Jackdaw is an “important step” for the North Sea, according to…
03Neutral
India’s Coal Crisis Deepens as Power Demand Surges
Indian power generators are bracing for a coal supply squeeze, with half of the country’s coal power plant fleet operating with critically low stocks, Reuters has reported, citing higher than usual demand for…
04Neutral
Dow Jones futures rise on Fed rate pause expectations, AI tech rally
Dow Jones futures hold steady near 52,730 during European hours on Wednesday. S&P 500 futures surge 0.25% to trade around 7,770, while Nasdaq 100 futures rise by 0.71% to trade near 29,880.
05Neutral
UK inflation jumps to 3.5% — cementing rate hike expectations
U.K. inflation rose by a hotter-than-expected 3.5% in the 12 months to September, driven by the surging cost of motor fuels.
MOST MENTIONED
Markets in the news
How many stories mention each market, and how many read bullish or bearish.
THE NEWS
Five sections, 47 stories
French 10-year bond yield hits 5% for first time since 2002 amid unrest
French 10-year bond yield hits 5% for first time since 2002 amid unrest
India’s Coal Crisis Deepens as Power Demand Surges
- Indian power generators are bracing for a coal supply squeeze, with half of the country’s coal power plant fleet operating with critically low stocks, Reuters has reported, citing higher than usual demand for…
Dow Jones futures rise on Fed rate pause expectations, AI tech rally
- Dow Jones futures hold steady near 52,730 during European hours on Wednesday. S&P 500 futures surge 0.25% to trade around 7,770, while Nasdaq 100 futures rise by 0.71% to trade near 29,880.
UK inflation jumps to 3.5% — cementing rate hike expectations
- U.K. inflation rose by a hotter-than-expected 3.5% in the 12 months to September, driven by the surging cost of motor fuels.
Trump Administration Pushes Refiners to Boost Diesel Output as Prices Soar
The U.S. Department of Energy has called on refiners to ramp up their diesel fuel production further, Reuters has reported, citing two high-ranking officials from the department. There are talks ongoing with refiners…
Australian data center operator NextDC's shares plunge 40% after it slashes earnings forecast
The company cited power supply delays at its Melbourne facility amid local community and stakeholder opposition for lowering earnings forecast.
Total UK government debt hits £3tn for first time while inflation jumps to highest in nearly a year – business live
Petrol and diesel costs rise the most in four years but food prices dip on the month; UK approves controversial North Sea gasfield Jackdaw. The approval of Jackdaw is an “important step” for the North Sea, according to…
Macro & Markets: 10 selected of 24
Euro struggles against Canadian Dollar as French political crisis spills across Eurozone
Euro struggles against Canadian Dollar as French political crisis spills across Eurozone. EUR/CAD extends its losses for the third consecutive day, trading around 1.5770 during European hours on Wednesday.
Silver Price Forecast: XAG/USD declines to near $57.40 as oil price remains broadly firm
- Silver price (XAG/USD) is down 1.1% to near $57.40 during the European trading session on Wednesday. The white metal faces selling pressure as higher oil prices have prompted fears of elevated global inflation.
Japanese Yen ticks up within previous range, buoyed by hawkish BoJ comments
- The Japanese Yen (JPY) has shrugged off downbeat Japanese Trade Balance data, and it is regaining lost ground against the US Dollar (USD) on Wednesday, following Hawkish comments from a high-ranking Bank of Japan (BoJ)…
Surging fuel prices push UK inflation rate to 3.5% ahead of Budget
- Inflation accelerated to 3.5% from 3.1% in the year to September, according to the Office for National Statistics (ONS).
Euro underperforms as French risks spread across Eurozone
- The Euro (EUR) underperforms its major currency peers on Wednesday, trading 0.13% down at around 177.45 against the Japanese Yen (JPY) in the European trade.
Oil prices climb as traders assess Middle East developments
- Iran's Revolutionary Guards said Tuesday that naval mines had prevented three tankers attempting to pass through the Strait of Hormuz.
Malaysia central bank launches DLT platform for tokenized bonds
- The platform tracks tokenized securities ownership and transfers, linking to Malaysia’s RENTAS+ system to settle corresponding payments in central bank money.
Oil Prices Climb Above $110 as Middle East Supply Fears Persist
Crude oil prices ticked higher earlier today, extending gains from Tuesday as traders continued to worry about the stability of flows out of the Middle East. At the time of writing, Brent crude was trading at $110.30…
New Zealand Dollar holds steady as oil pressures inflation, RBNZ rate hike bets
NZD/USD remains in positive territory after experiencing volatility, trading around 0.5690 during European hours on Wednesday. The New Zealand Dollar (NZD) receives support from market caution ahead of New Zealand’s Q3…
Heads up: UK September CPI inflation report due today, BOE rate hike for November almost fully priced in
The UK CPI report for September is the main highlight on the economic calendar today, with the release due at 0600 GMT. The inflation numbers will be heavily watched as it will have a lot to say about what comes next on…
Stocks & Earnings: 10 selected of 24
Nvidia CEO Jensen Huang urges countries to build their own sovereign AI
Nvidia CEO Jensen Huang urges countries to build their own sovereign AI. Countries developing sovereign AI could reduce reliance on foreign tech, but still depend on Nvidia, highlighting complex tech sovereignty.
Deutsche Bank CEO downplays AI bubble fears amid investor warnings
- Investor caution over AI spending highlights potential economic risks, emphasizing the need for tangible returns to sustain market confidence.
Elon Musk confirms he is considering merging Tesla and SpaceX
- Musk says special committees within both companies have been formed to look at a possible mega-merger.
US intel says Putin ordered NATO sabotage drive, Leipzig drone attack an opening shot
- The report raises the perceived risk of escalation between Russia and NATO, which would tend to support European defence stocks and weigh on European risk sentiment if officials respond with tougher measures. The energy…
Nvidia CEO Jensen Huang takes the stage at GTC Berlin with physical AI in focus
Nvidia's push for physical AI in Europe could accelerate industrial digitalization, fostering regional autonomy and strategic tech partnerships.
SpaceX up 10% in premarket after earnings beat and Musk hints at Tesla tie-up
SpaceX shares jumped after the company reported surging revenue growth in its third quarter, and owner Elon Musk floated a potential SpaceX-Tesla merger.
OpenAI's most powerful AI models disabled their own safety monitoring — and one lied about it
Warnings about the risks of developing increasingly advanced AI systems have ramped up in recent months, amid cyberattacks from rogue AI models.
Why is Elon Musk plotting a mega-merger of SpaceX and Tesla?
Musk says there's "a lot to be gained" by combining the firms in what would be the biggest merger in history.
Musk says SpaceX-Tesla merger a ‘good idea’ as AI revenue jumps ninefold
A merger would bring Tesla into the same corporate group as Grok developer SpaceXAI and social media platform X.
Tesla and SpaceX explore merger as Elon Musk gives backing
Billionaire, on SpaceX earnings call, says ‘special committees’ exploring idea but no agreement reached yet. As SpaceX released its second-ever public earnings report Tuesday, Elon Musk declared his support for…
Sectors & Themes: 10 selected of 17
'MAKE DEALS': Trump says data centers should pay communities a 'dividend' to win support
'MAKE DEALS': Trump says data centers should pay communities a 'dividend' to win support. Trump says data centers should consider community "dividends" as AI financing worries grow.
Piero Cipollone: Pontes and Appia: unlocking opportunities for banks
- Piero Cipollone: Pontes and Appia: unlocking opportunities for banks
Japan exports rise 16.7% for 13th straight month on AI chip demand, trade gap narrows
- The trade data is broadly supportive for the yen and for the BOJ’s tightening case, with exports still growing strongly and firms passing higher costs through to prices. The narrowing deficit owes much to oil disruption…
Mexico Poised to Approve $12.5 Billion in Renewable Energy Projects
- Mexico’s state power utility is today set to greenlight as many as 60 alternative energy projects, most of them solar, that should add 8.2 GW in new generation capacity to the country’s total, according to an unnamed…
Europe’s Power Demand Returns to Growth
Despite weakening industrial activity and high energy costs, European electricity demand is bucking years of flailing power consumption. Rising electrification rates and the data center boom are the key drivers of this…
‘I can charge my car for £6’: could new rules cut costs for EV drivers?
Owners in England with no driveway can now slash their costs by installing a cross-pavement gully – but it’s a postcode lottery. When Alison Williams bought her electric Volkswagen ID.3 two years ago, she thought she…
MoonPay, Upbit parent Dunamu explore collaboration on stablecoin payments, GIWA expansion
The companies also plan to explore ways to broaden global access to Dunamu's Ethereum Layer 2, GIWA chain.
Swiss Financial Regulator Gives Green Light to Country’s First Bitcoin ETF
Bitcoin exchange-traded funds were only available to institutional investors — until now. This post Swiss Financial Regulator Gives Green Light to Country’s First Bitcoin ETF first appeared on Bitcoin Magazine and is…
Swiss Regulator Approves First Retail Fund That Holds Bitcoin Directly
FINMA waived the diversification rules for the fund but leaned hard on custody and investor-protection safeguards.
Crypto firms, Wall Street push SEC to revise Regulation Crypto Assets as comments close
As the SEC’s comment period on a cryptocurrency proposal draws to a close, digital asset firms and Wall Street institutions have thoughts.
Analysts & Research: 10 selected of 28
Goldman Sachs Warns of New Oil Price Shock as Tanker Rates Soar
Goldman Sachs Warns of New Oil Price Shock as Tanker Rates Soar. The average global freight rate to transport oil has surged to $20 per barrel from $3 per barrel last year as the Iran war and the Hormuz crisis have created a.
Corporate supply: a return to €444bn
- Higher rates, wider spreads, steeper curves, hyperscaler fatigue and a more volatile backdrop should see corporate supply ease modestly from record highs. We forecast €444bn of supply in 2027
Bank bond supply to stay at cruising altitude in 2027
- We expect EUR bank bond supply to reach €450bn in 2027. Redemptions remain the main driver of the high supply, but the modest macroeconomic outlook is not expected to push supply up any further. We foresee covered bond…
Expected 2027 TMT supply points to a new record
- European TMT gross bond supply may reach €150bn in 2027, driven by tech funding for AI and data centres rather than traditional telecoms. Strong cash flows and credit quality support issuance, but disciplined funding…
Investment boom to keep utilities bond supply elevated
EUROPE: We expect utilities to see another year of high bond supply in 2027. Alongside a modest uptick in redemptions, stubbornly high capital expenditure continues to push companies towards bond markets
Credit Supply Outlook 2027: Supply still hyper
We are set for another heavy year of supply across currencies and products in 2027, although volumes may ease slightly from 2026 in many areas
USD supply: Another trillion for corporates
We forecast another hefty year for USD corporate issuance in 2027, with supply once again set to reach around US$1tr
Reverse Yankee supply will come mostly from hyperscalers
2027 is set to be another heavy year for issuance across currencies and products, even if supply moderates somewhat from 2026 levels in many segments. Hyperscalers and the wider technology sector will remain key drivers…
Hybrid supply fades, but will stay elevated
Corporate hybrid supply should remain reasonably elevated in 2027, although below recent peaks. We forecast €35bn in corporate hybrid supply next year
Euro: French risks deepen downside pressure – ING
Francesco Pesole at ING highlights renewed pressure on French bonds, with the 10-year OAT-Bund spread nearing early October highs as budget worries and social unrest weigh on sentiment.
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Compiled by the Borearis Research Team from public news and market quotes, with AI-assisted summaries. For information only, not investment advice. Trading involves risk.